Dublin Assisted Living Facility Sells To SoCal Investors

DUBLIN, CA — A Dublin assisted living facility has sold to a Southern California private equity firm.

Elegance at Dublin was among two Bay Area facilities IRA Capital scooped up late last month, the firm said in a statement. Elegance Hamilton Hill (Marin County) was the other.

IRA Capital paid $106.5 million for the two 80-unit luxury facilities, the company said in a statement. Both facilities are managed by Elegance Senior Living.

The Dublin facility is located across the street from the Dublin Senior Center.

The firm’s first assisted living sector acquisition is IRA Capital’s most recent purchase in what has been an aggressive buying spree.

IRA Capital has spent approximately $750 million on acquisitions over the last 90 days, the company said.

“As one of the most active players in the medical office, life science, and ambulatory surgery space, IRA Capital is growing and diversifying its healthcare real estate portfolio with its latest $106.5 Million acquisition and launch of a new seniors housing strategy,” the company said in a statement pm Jan. 26.