Here’s what you should know.
1. After acquiring the building, IRA Capital immediately dissolved the condo association.
2. IRA Capital showed the condo group the difference in valuation between the individual condos and the building as a whole, which led to the acquisition.
3. As part of the sale, each physician group agreed to lease out their current spaces for five years to 10 years.
4. The building is occupied by five physician groups and features an ASC.
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