Montecito Medical Real Estate announced in a February 4 press release that it has acquired five medical outpatient buildings (MOBs) in western Michigan for an undisclosed price.
The five MOBs, which offer more than 152,000 square feet, are situated in Grand Rapids, Big Rapids, Norton Shores and Holland, Michigan, respectively. Four of the properties are tenanted by OneOncology; the fifth is shared between OneOncology and the START Midwest Center for Cancer Research. All of the MOBs are fully occupied.
Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions totaling more than $6.5 billion in medical and veterinary real estate.
“We are excited to acquire these five medical office assets and by the opportunity to build on our strong relationship with OneOncology as we continue to expand our footprint in the Upper Midwest,” said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical.
“OneOncology has become a valued partner for our company as we help organizations like theirs, along with hospitals and health systems, leverage their real estate assets to fuel growth and better serve their patients,” said Chip Conk, CEO of Montecito Medical. “This acquisition is a prime example of how we are executing on our acquisition strategy as a company.”
According to data captured in the LevinPro HC database, this transaction represents the 34th MOB acquisition of the year, and the first announced in Missouri. This also marks Montecito’s fifth acquisition announcement of 2026. There were 231 MOB deals reported throughout 2025, and 213 in 2024.
