Southern California private equity firm IRA Capital (“IRA”) is pleased to announce the real estate acquisition of seven freestanding emergency departments (“FSEDs”) located in Arizona (the “Portfolio”). The Portfolio totals more than 53,000 square feet and is fully leased to Dignity Health, an affiliate of CommonSpirit Health, one of the nation’s largest health systems. Structured as a long-term sale-leaseback, the transaction secures Dignity’s continued presence at the properties, which play a vital role in supporting its eight hospitals and more than 1,250 beds throughout the Phoenix metropolitan area.
Read the full article: IRA Capital Acquires Phoenix Freestanding Emergency Department Portfolio in a Sale-Leaseback with CommonSpirit Health //
Source: https://www.accessnewswire.com/newsroom/en/real-estate/ira-capital-acquires-phoenix-freestanding-emergency-department-portfolio-in-a-sale-leas-1065181