IRA Capital has entered the senior housing market with the acquisition of two senior housing properties in Northern California for $106.5 million. Operated by Elegance Senior Living, the Assisted Living and Memory Care facilities total 160 units and are located in the Northern California cities of Dublin and Novato.

The purchases are part of the firm’s strategy to diversify its healthcare investments. It plans to continue to expand its market exposure to senior living assets this year, and will focus on high-barrier-to-entry markets in the West Coast, allocating $1 billion to purchase senior living assets over the next few years. This adds to the company’s already aggressive healthcare strategy, which has seen the firm close $750 million in acquisitions in the last 90 days.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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