IRA Capital launches flagship $500m healthcare real estate fund

IRA Capital, a Southern California–based private equity firm, has launched IRA Healthcare Real Estate Fund, a $500 million closed-end fund focused on the acquisition of medical properties and senior housing assets across the United States.

IRA will be leveraging its compelling track record in healthcare real estate, which has averaged a net 48 percent annualized return and a net 1.7x equity multiple to its investors. IRA has been among the most active healthcare real estate investors in the United States. The firm has demonstrated its ability to execute at scale over the past 13 years, having exited numerous investments to some of the largest institutions and public REITS. IRA sold a 19-property portfolio for approximately $300 million to Welltower REIT in January 2020 and another 29-property portfolio for approximately $620 million to Nuveen Real Estate in August 2021.

The fund will focus on the acquisition, development and financing of well-located healthcare asse