Montecito Medical Real Estate announced on August 22 its acquisition of two medical office buildings (MOBs) in Las Vegas.
The properties, which total1 6,536 square feet, are fully occupied by Women’s Health Associates of Southern Nevada. One of the two properties serves as the group’s practice hub, and the other is adjacent to a 297-bed hospital, Valley Hospital Medical Center, in the heart of a medical corridor.
Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5.1 billion in medical real estate.
With the addition of these two facilities, Montecito owns five MOBs in Nevada. The financial terms of the acquisition were not disclosed.
According to data captured in the LevinPro HC database, this represents the 139th MOB transaction of 2023. This marks Montecito’s 29th acquisition of 2023. Throughout the year, Montecito has added more than 1.5 million square feet and more than 40 facilities to its portfolio.
