BMO’s Healthcare Real Estate Finance group announces that it has served as Administrative Agent on a $425 million term loan with a joint venture lead by IRA Capital for acquisition of medical outpatient buildings (the “Portfolio”). The loan includes future funding for leasing expenses and capital expenditures, as well as an accordion feature to provide for additional acquisition capacity. The Portfolio includes 40 assets acquired in two separate transactions from different sellers and totals over two million square feet across 19 MSAs.
Founded in 2010, IRA Capital is a Southern California-based private equity firm specializing in real estate investments. IRA primarily invests in commercial real estate assets throughout the United States, with an overweight concentration within the healthcare sector. To date, the firm has acquired over 12 million square feet of property across 32 states, with a total capitalization exceeding $4 billion. IRA partners with pension funds, institutions, and family offices to invest in high-quality assets. To learn more, visit www.iracapital.com.
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