On October 7, Montecito Medical Real Estate announced that it acquired another medical outpatient building (MOB) with the purchase of a San Antonio, Texas facility. Terms were not disclosed.
The MOB is tenanted by CHRISTUS Trinity Clinic, part of CHRISTUS Health, which operates a 150-bed hospital nearby. The square footage of the MOB was not disclosed.
Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions involving more than $6.5 billion in medical and veterinary real estate transactions.
“We are pleased by this opportunity to build on our relationship with CHRISTUS Health and add another property with strong health system credit to our portfolio,” said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical. Terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this transaction marks the 164th MOB deal of the year. This deal also marks the 17th MOB to be purchased in Texas since the start of the year. So far, MOBs account for slightly more than 10% of all healthcare transactions that have been reported in 2025. There were 213 MOB transactions announced in 2024, and 199 announced in 2023.
Additionally, this marks Montecito Medical’s 24th acquisition of 2025, with the company accounting for nearly 15% of all MOB transactions. Since the start of the year, it has added more than 1.1 million square feet of healthcare real estate to its portfolio. In 2024, the company completed 27 transactions, adding more than 900,000 square feet to its network. In 2023, it announced 37 transactions, expanding its presence by more than 1.8 million square feet.
