IRA Capital, Oaktree Acquire 12 Property Medical Portfolio

The 12 property portfolio spans 600,000 square feet.

By HFT Staff


IRA Capital, a prominent Southern California-based private equity firm and a private buyer of healthcare real estate in the United States, announced the acquisition of twelve Class-A Medical Outpatient Buildings (the Portfolio) through a newly established partnership with funds managed by Oaktree Capital Management, L.P. (Oaktree). The acquisition, encompassing 600,000 square feet, involves properties from two separate institutional sellers and features a mix of single and multi-tenant medical buildings situated in prime medical corridors across California, Texas, Florida and Oregon. The Portfolio is anchored by prominent health systems and leading medical providers, including UC Davis Health, Palomar Health, UCLA, CommonSpirit, Ascension, McKesson and SCA Health, which collectively occupy approximately 50 percent of the space.  

IRA Capital was drawn to this Portfolio for its strong submarket fundamentals, established partnerships with regional health systems and its offering of best-in-class medical care in specialties such as advanced imaging, oncology, orthopedic surgery, fertility, gastroenterology, inpatient rehab and internal medicine. 

IRA Capital continues to be a key player in the healthcare real estate market, having invested approximately $410 million in healthcare real estate since the beginning of the year, with an additional $150 million expected to close in Q3 2024. The market for Medical Outpatient Buildings (MOBs) is projected to grow at a compound annual growth rate (CAGR) of 7.5 percent through 2028, driven by an aging population and increasing healthcare demands. High-barrier-to-entry markets such as California and Texas are particularly appealing due to their strong economic fundamentals and limited property availability. The trend toward outpatient care, supported by technological advancements and patient preference for convenience, further underscores the sector’s resilience and continued demand for Class-A medical space. 



August 7, 2024


Topic Area: Maintenance and Operations


Recent Posts

The Future of Backup Power Systems in Healthcare Facilities

Manufacturers discuss what trends are shaping the future of backup power systems in healthcare.


Infection Control is Key to Ongoing Measles Outbreak

Infection control is essential to protecting both patients and staff from contracting measles.


Kaiser Permanente to Open New Parker Medical Offices

It also announced it's in the early stages of planning a rebuild and expansion of its Westminster Medical Offices.


Skanska Completes Renovation for New Sutter Health Care Center

The new facility will provide internal medicine, family medicine, pediatrics, as well as lab and imaging services.


Probiotic Cleaners: The Start of a Cleaning Revolution?

Advantages of probiotic cleaning include fewer resistant genes and cost savings through decreased antibiotic use.


 
 


FREE Newsletter Signup Form

News & Updates | Webcast Alerts
Building Technologies | & More!

 
 
 


All fields are required. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.