IRA Capital

Name: IRA Capital
Address: 3121 Michelson Drive, Suite 500, Irvine, CA, 92612, US
Telephone: +19492587411
Price range: $$

Real Estate Investment & Management

IRA Capital is a Southern-California based private equity firm founded in 2010 that invests capital for its own account and on behalf of its co-investment partners, which include pension funds, institutions, family offices, and individuals. IRA invests in commercial real estate assets throughout the United States, with a primary focus on the medical/healthcare real estate sector. Headquartered in

Irvine California, IRA has acquired over seven million square feet of property across 30 states, valued in excess of $4 Billion. The principals of IRA Capital have more than 100 years of combined real estate experience and have transacted on over $10.0 billion across a range of asset classes and geographic markets, with a proven track record of profitability.

01/27/2026

As we approach the close of January, we wanted to take a moment to reflect on 2025 and thank everyone who contributed to making it a successful year.
The first few weeks of the new year have been spent regrouping after $600M+ of acquisition activity in the final two weeks of 2025. That year-end momentum underscores what 2025 represented for our firm – a year defined by strategic growth.
From scaling our healthcare real estate platform to expanding our national footprint, we’re proud of what our team and partners accomplished.
Thank you to our investors, tenants, and partners for being part of the journey, and we look forward to what’s ahead.

Equity

01/12/2026

Nader brings over 20 years of extensive legal experience, most recently serving as Principal and Chair of the Real Estate Group at Much Shelist, P.C. His expertise in navigating complex commercial real estate transactions and institutional joint ventures has been foundational to our success.

As we continue to scale our investment platforms, having Nader’s legal leadership, business judgment, and partnership on-site is a significant advantage for the firm. We are excited to officially welcome him in-house as we enter our next chapter of growth.

Please join us in welcoming Nader to the IRA Capital team.

07/10/2025

IRA Capital Acquires Reunion Inverness Hospital, a State-of-the-Art Rehabilitation Facility in the Denver Metropolitan Area.

Irvine, CA – July 3, 2025 – Southern California private equity firm IRA Capital (“IRA”) is pleased to announce the acquisition of Reunion Inverness Hospital, a newly developed 49,106 square-foot inpatient rehabilitation facility (“IRF”) located in Englewood, Colorado (the “Property”). Delivered in 2022 and 100% leased through 2047, the facility is operated by a wholly owned subsidiary of Reunion Rehabilitation Hospitals (“Reunion”), one of the nation’s fastest-growing IRF platforms.

Reunion Inverness Hospital is a 40-bed IRF offering high-acuity, post-acute rehabilitative care. The facility features all-private patient rooms, advanced therapy gyms, and outdoor courtyards. It is staffed by specialized rehabilitation physicians, nurses, and therapists providing individualized treatment programs for patients recovering from stroke, brain and spinal cord injuries, orthopedic trauma, and other life-changing conditions. The tenant, Reunion, currently operates seven IRFs across Arizona, Colorado, Florida, and Texas. All Reunion facilities are developed and managed in partnership with Nobis Rehabilitation Partners, a recognized leader in IRF operations with 22 facilities under management across 12 states.

The acquisition aligns with IRA Capital’s strategy of investing in best-in-class, mission-critical healthcare assets that deliver high-acuity care in growing markets. According to IRA Capital co-founder Amer Kasm, “Reunion Inverness Hospital represents a strategic addition to our portfolio. With a 22-year remaining lease term, Class-A buildout, and strong operator performance, the facility underscores our focus on long-term income durability and the continued shift toward specialized, outcome-driven care in lower-cost settings.”

About IRA Capital
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 medical and healthcare sectors. To date, the firm has acquired over 11.5 million square feet of property across 28 states, with a total capitalization exceeding $3.9 billion. IRA partners with pension funds, institutions, and family offices to invest in high-quality assets. To learn more, visit www.iracapital.com.

For more information, please contact:
IRA Capital Investor Relations
[email protected]

07/08/2025

IRA Capital Acquires Houston Physicians’ Hospital, a Multi-Specialty Surgical Hospital Anchored by Memorial Hermann and USPI.

Irvine, CA – July 3, 2025 – IRA Capital (“IRA”), a real estate private equity firm based in Irvine, California, has announced the acquisition of Houston Physicians’ Hospital—a 148,950 SF, multi-specialty surgical hospital and outpatient campus located in the Houston metropolitan area (the “Property”). The Property includes an advanced surgical hospital in Webster, TX, along with two aquatic care centers, all of which are 100% leased to a joint venture between the physicians, Memorial Hermann Health System, and United Surgical Partners International (“USPI”).

Founded in 2005, Houston Physicians’ Hospital (“HPH”) has established itself as one of Houston’s premier surgical hospitals, recently completing a 39,000 square-foot expansion. The 130,822 SF facility features an Orthopedic Center of Excellence, Spine Solutions Center, comprehensive Imaging Center, and a 24/7 Emergency Department. The hospital employs over 240 physicians across 25 specialties, and includes 15 private inpatient beds, 16 observation beds, 11 operating rooms, 2 procedure rooms, 18 pre-op beds, 24 post anesthesia care unit beds, and a catheterization laboratory. In 2024, HPH finalized a strategic merger with Memorial Hermann and USPI, giving it access to one of the largest surgical care networks in the country.

The acquisition aligns with IRA Capital’s strategy of investing in high-quality, mission-critical healthcare facilities anchored by leading health systems. “The Houston Physicians’ Hospital acquisition offers long-term income stability and upside potential. With a 17.6-year WALT, Class-A infrastructure, and strong physician alignment, this asset exemplifies our focus on essential outpatient care”, said Amer Kasm Co-Founder and Managing Partner at IRA Capital.

IRA Capital intends to develop an adjacent 10-acre parcel in the future, creating an opportunity to expand the campus with a new mixed-use MOB project in partnership with HPH.

About IRA Capital
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 medical and healthcare sectors. To date, the firm has acquired over 11.5 million square feet of property across 28 states, with a total capitalization exceeding $3.9 billion. IRA partners with pension funds, institutions, and family offices to invest in high-quality assets.

To learn more, visit www.iracapital.com

For more information, please contact:
IRA Capital Investor Relations
[email protected]

05/28/2025

St. Paul’s Plaza: A 155-Unit Class-A Senior Living Community in Chula Vista, California (San Diego MSA)

Irvine, CA – May 28, 2025 – IRA Capital (“IRA”), a real estate private equity firm based in Irvine, California, has announced the acquisition of St. Paul’s Plaza, a premier senior living community in Chula Vista, California. The property is located within the rapidly growing, highly affluent, Otay Ranch master-planned development in San Diego, CA.

Developed in 2015, the 155-unit, Class-A community features numerous amenities including a bistro, rooftop deck, salon, dog park, fitness center, and an indoor pool. Additionally, the building sits on 4.6 acres and comprises primarily of spacious one- and two-bedroom apartments equipped with full kitchens. IRA will invest significant capital into the community to enhance residents’ quality of life though common area renovations, increased activities / programming, and elevating the dining experience.
Ideally positioned next to Sharp Healthcare’s newly expanded $86 million medical campus, the community offers residents convenient access to healthcare services, as well as nearby shopping and dining. IRA Capital plans to rebrand the community as “The Pasea” and has selected Integral Senior Living, a highly regarded operator headquartered in San Diego, CA, to assume management of the community.

“This acquisition is emblematic of IRA’s ability to capitalize on opportunities often overlooked by traditional investment managers.” said Azhar Jameeli, Managing Director and Head of Senior Housing at IRA Capital. "We’re excited by the ongoing growth of our senior housing platform and remain highly focused on scaling our footprint in this sector,” said Jay Gangwal, Co-Founder and Managing Partner at IRA Capital. “With strong momentum behind us, we plan to deploy an additional $500 million into senior housing by year-end, reinforcing our long-term commitment to this space.”

About IRA Capital
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 medical and healthcare sectors. To date, the firm has acquired over 11 million square feet of property across 28 states, with a total capitalization exceeding $3.5 billion. IRA partners with pension funds, institutions, and family offices to invest in high-quality assets.

To learn more, visit www.iracapital.com

https://finance.yahoo.com/news/ira-capital-expands-seniors-housing-150000803.html

For more information, please contact:
IRA Capital Investor Relations
[email protected]

01/27/2025

11/20/2024

We are thrilled to announce that our Managing Partner, Jay Gangwal, has been recognized by the Orange County Business Journal as one of the 500 Most Influential People in Orange County!

https://www.ocbj.com/oc-500/oc500-2024-jay-gangwal/

10/09/2024

Please support our team and help advance the cause. Join us. Donate today. Together, we'll be a part of making a difference in this important cause. American Cancer Society

08/11/2023

This recognition signifies IRA Capital's ongoing efforts to create a workplace where employees can thrive, achieve their full potential, and enjoy a fulfilling professional journey. This honor reflects our dedication to cultivating an environment where our employees feel valued, supported, and inspired to do their best work. Our company culture places great emphasis on encouraging collaboration, innovation, and personal development.

03/09/2023

Source: Katie Murar. (2023, February 6). IRA Pays $102M For Irvine Office Campus. Orange County Business Journal. https://www.ocbj.com/real-estate/ira-pays-102m-for-irvine-office-campus/

Irvine-based IRA Capital LLC has spent more than $100 million to acquire the VKCC creative office campus in its hometown, with potential long-term plans to redevelop the site that’s a few miles from John Wayne Airport into alternative uses, the Business Journal has learned.

The commercial real estate investor, which has made a string of large healthcare and medical office purchases in recent years, paid about $102.4 million for the nine-building office park that spans almost 450,000 square feet near the intersection of Von Karman Avenue and Alton Parkway.

EQ Office—previously known as Equity Office—sold the 24-acre site for about $230 per square foot, or $90 per land foot, real estate sources tell the Business Journal.

The deal is among the largest office sales in Orange County over the past year

“The value of this property is in the land,” IRA co-founder and Principal Amer Kasm told the Business Journal. “It’s rare to come across a contiguous parcel of this size in Irvine. We saw the opportunity to reposition it in the long-term into its highest and best use.”

IRA is exploring several new uses for the site, such as lifescience and multifamily, but the short-term goal is to “continue to own and operate the asset as is and make sure existing tenants are happy.”

“It’s a long-term play for us,” Kasm said.

Healthcare Outperforms

EQ Office, a subsidiary of New York investment firm Blackstone, acquired VKCC as part of a portfolio deal in 2015, and kicked off a creative office conversion for the low-rise campus two years later.

The site includes wellness and fitness components, concierge services and various food and beverage options among other amenities.

The project was about 60% leased at the time of sale with large tenants including Westcliff University and Consumer Direct.

A drop in demand for the office sector from investors and tenants alike in the wake of the pandemic has prompted a surge in conversion and redevelopment projects across the region.

IRA is no different, with new plans for once-popular creative office projects across its portfolio.

“The office market has been hit significantly, and many are questioning the long-term viability,” Kasm said. “There’s a tremendous opportunity to look at sites where there’s a higher need than traditional office.”

IRA counts a portfolio of about 8 million square feet; nearly 70% of that is comprised of healthcare and medical offices, with the balance made up of traditional office, retail and multifamily.

“Our entire healthcare portfolio is close to 99% leased, which speaks to how strong the sector is,” Kasm said.

As such, healthcare is a top product type option for VKCC, though the firm is also bullish on lifescience, multifamily and industrial.

Ex-Anduril Site

The purchase comes a little more than a year after IRA purchased Anduril Industries’ former headquarters in Irvine for $103 million. The nearly 155,000-square-foot building at 2722 Michelson is about 2 miles from VKCC.

Anduril relocated last year to its new, larger base at The Press in Costa Mesa; the Irvine building is now occupied by advertising and media-focused tech company Viant Technology Inc. (Nasdaq: DSP) and electric motorbike company Super73.

IRA is in the early stages of redeveloping the office, at the busy intersection of Jamboree Road and Michelson, into a mixed-use site involving multifamily and other components.

“The corner lends itself well to residential and mixed-use components,” Kasm said.

Across the street, Miami-based homebuilder Lennar is nearing completion on a 285-unit residential project at its Central Park West development; and a 6-acre parcel next door is making way for a 137,000-square-foot industrial project headed by Black Creek Group.

Read Related News: Orange County Business Journal, The Registry , The Real Deal, Prudential Cal

10/31/2022

Halloween 2022 at IRA Capital

Address

3121 Michelson Drive, Suite 500
Irvine, CA
92612

Telephone

+19492587411

Website

http://www.iraCapital.com/

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