JAY GANGWAL
MANAGING PARTNER
IRA CAPITAL LLC
WHY: The Irvine-based private equity firm had a busy 2024, buying a portfolio of medical outpatient buildings across four states in August and a 237K-SF campus in Columbus, Ohio for $21M in April.
IN THE NEWS: Said his firm plans to revitalize and modernize the portfolio’s buildings to drive leasing velocity. Firm’s acquisition of the medical building portfolio in California, Florida, Oregon and Texas total 600K SF and were acquired from two separate institutional sellers. Health systems anchoring the 12-building portfolio include Ascension, CommonSpirit, McKesson, Palomar Health, SCA Health, UC Davis Health and UCLA.
NOTABLE: IRA Capital has been an active player in the healthcare real estate market, spending about $150M in deals in the space last year.
