IRVINE, Calif., August 12, 2022 /PRNewswire/ — Southern California private equity firm IRA Capital (“IRA” or the “Company”) today announced the promotion of Daniel Sitz and Azhar Jameeli as General Managers, as well as the addition of austin lee as a Senior Partner.
- Azhar Jameeli’s promotion to Managing Director reflects his leadership responsibility for the company’s acquisition and investment activities in senior living, medical practices and life sciences. Mr. Jameeli works on healthcare investments, focusing on the senior housing segment.
- by Daniel Sitz his promotion to Managing Director, Asset Management reflects his responsibility for overseeing the Company’s current portfolio. “Daniel’s contributions over the years have been essential to the growth of the Society,” said Samir Patel, co-founder at IRA Capital. “He has played a leading role in our most important businesses and business relationships, and we are pleased to recognize his contributions with this promotion.”
The IRA is also pleased to announce that austin lee joined the Company to participate in investment and asset management activities related to the Company’s senior housing strategy. Prior to the IRA, he worked at Healthpeak REIT and completed over $500 million of real estate transactions during his career.
“We are privileged to work with these high caliber industry professionals,” added Patel. “With the right leadership and talent, we are well positioned to pursue our growth strategy within the company and create long-term value for all of our stakeholders.”
The IRA has aggressive growth plans with 70% of its capital allocation going to medical practices, life sciences and senior housing. The Company continues to be one of the most active purchasers of healthcare real estate in the country. The IRA also continues to invest in companies that focus on healthcare operations, medical devices, technology, consumer products and media/entertainment.
About IRA Capital
IRA Capital is a Southern California-based private equity firm founded in 2010 by partners Amer Kasm, Samir Patel, Jay Gangwal, Amer Malas and Mohannad Malas. The IRA invests capital on its own behalf and on behalf of its co-investment partners, which include pension funds, institutions and family offices. Based in Irvine, Calif., IRA has acquired over seven million square feet of property in 30 states, with a total capitalization of over $3 billion.
For more information please contact:
Danielle de SouzaIRA Capital Corporate Communications
[email protected] / 949.612.2742
SOURCE IRA Capital