Montecito Medical, a leading acquirer of medical office properties nationwide, has completed the acquisition of a four-building portfolio in eastern Indiana and western Ohio.
All four buildings, which total nearly 32,000 square feet, are tenanted by Whitewater Eye Centers. The properties include the group’s headquarters in Richmond, Indiana.
The acquisition expands Montecito’s footprint in Indiana and Ohio. Terms of the deal were not disclosed.
Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the U.S. involving more than $5 billion in medical real estate.
According to the LevinPro HC database, this marks the 206th medical office building (MOB) transaction of 2022. This is approximately a 42% increase from January 1, 2021, through December 15, 2021, when 145 MOB transactions were announced.
