IRA Capital Pays $40M for Orange County Apartments

July 26, 2021 - Southern California private equity firm IRA Capital (“IRA”) is pleased to announce the acquisition of 121 multifamily units in the cities of Costa Mesa and Orange, California. 

The 78-unit Orange property is a single-community consisting of 14 separate buildings on adjacent parcels near the intersection of Chapman Avenue and Main Street.  The community benefits from its close proximity to St. Joseph's Hospital, Children's Hospital of Orange County, and Chapman University.  The 43-units in Costa Mesa are in nine separate buildings located in the Mesa Del Mar neighborhood, and one in Eastside Costa Mesa on 20th Street.

About IRA Capital

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, and family offices. 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 six million square feet of property across 30 states, valued in excess of $2.5 Billion. 

To learn more, visit Orange County Business Journal

For media inquiries, please contact:

Danielle De Souza, Corporate Communications

+ 1 949 205 8711 / ddesouza@iracapital.com