IRA Capital continues to grow its outpatient portfolio with a first-class outpatient facility in Chicago.
Irvine, California–(Newsfile Corp. – October 22, 2024) – Southern California private equity firm IRA Capital (“IRA”) is pleased to announce the acquisition of a 41,500 square foot outpatient medical facility located within a 15-story luxury development Mixed-use property in Chicago's South Loop neighborhood (the “Property”). Located at 1411 S. Michigan Avenue, the facility occupies five floors and is fully leased to Rush University Medical Center (“Rush”), one of the largest and most respected health care providers in Chicago, with a network of more than 2,500 physicians across three hospitals and 15 centers. Outpatient facilities.
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The South Loop facility was built in 2018 for Rush Hospital, one of the system's largest outpatient centers, offering adult and pediatric primary care as well as more than 20 medical specialties, enhancing its role as a critical health care center. In downtown Chicago. The multi-specialty clinic includes 61 examination and operating rooms and is supported by a team of more than 60 doctors. Patients benefit from advanced facilities, featuring on-site laboratory and imaging services, including MRI, CT scan, X-ray, ultrasound, 3D mammography, and heart and lung function testing.
IRA Capital remains among the most active investment groups in the healthcare real estate sector, having raised more than $600 million to date. According to IRA Capital co-founder, Amer Qasim, “The acquisition of Rush South Loop fits well with our strategy to invest in essential medical outpatient facilities operated by leading health systems. Acquiring a highly improved, first-class facility in a desirable location is valuable.” “In addition to our existing outpatient clinic portfolio, we look forward to building on our new relationship with Rush.”
About Ira Capital
Era Capital is a Southern California-based private equity firm founded in 2010 by partners Amer Kasam, Sameer Patel, Jay Gangwal, Amer Malas, and Mohannad Malas. IRAs invest capital for their own account and on behalf of their investment partners, including pension funds, foundations, and family offices. Headquartered in Irvine, California, IRA has acquired more than ten million square feet of real estate in 26 states, with total capital of more than $3.5 billion. To learn more, visit www.iracapital.com.
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