BMO’s Healthcare Real Estate Finance group announces that it has closed on a $28,925,000 term loan with IRA Capital related to an 89-unit senior housing community located in Gilbert, Arizona. The property consists of independent and assisted living units. Integral Senior Living will manage the asset on behalf of ownership.
Founded in 2010, IRA Capital is a leading, Southern California based private equity firm focused on alternative investments. IRA invests capital for its own account and on behalf of its co-investment partners, which include pension funds, institutions, and family offices. Led by 33 professionals, IRA is a best-in-class owner and operator that has transacted on 141 assets totaling more than $3.7 billion and 11.5 million square feet across 28 states. IRA’s senior leadership has more than 150 years of real estate experience and currently manages $2.1 billion in assets. To learn more, visitwww.iracapital.com.
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