JLL Capital Markets represented Montecito Medical Real Estate in the $245 million recapitalization and financing of a 31-property medical office building portfolio with AEW Capital Management. The institutionally managed portfolio consists of 27 single-tenant and four multi-tenant buildings totaling 545,813 square feet across 10 states. The properties are purposely aligned with major health systems and dominant physician groups.
Additionally, JLL worked on behalf of the new ownership group to secure $176 million in acquisition financing through BMO Harris. BMO’s dedicated team of real estate experts stay up to date with current market trends and conditions to help developers, REITs, private equity funds and institutionally sponsored firms achieve their goals.
JLL Capital Markets is a leading professional services firm that specializes in real estate and investment management. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020. With more than 3,000 Capital Markets specialists worldwide and operations in over 80 countries, the firm’s in-depth local market and global investor knowledge delivers the best-in-class solution for its clients.
Nashville-based Montecito Medical Real Estate is one of the nation’s largest privately held companies specializing in healthcare-related real estate acquisitions and funding the development of medical real estate. Since its founding in 2006, Montecito Medical has completed transactions across the United States involving more than $4 billion in medical real estate.
Founded in 1981, AEW Capital Management provides real estate investment management services to investors worldwide. As of June 30, 2021, AEW and its affiliates have managed approximately $88.6 billion of property and securities in North America, Europe and Asia.
