Montecito Medical Real Estate announced on August 28 its acquisition of an 11,515-square-foot medical building in Chapel Hill, North Carolina for an undisclosed price.
The two-story MOB is fully occupied and tenanted to the UNC Physicians Network, part of UNC Health, which uses the property as an internal medicine clinic. UNC Health is one of the nation’s leading academic healthcare systems, with more than 33,000 employees providing care to patients in all of North Carolina’s 100 counties through its 11 hospitals and hundreds of clinical practices.
Montecito Medical 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.
“We are pleased to continue to expand our presence in North Carolina with this strategic acquisition in one of the nation’s fastest-growing population centers,” said Chip Conk, CEO of Montecito Medical.
According to data captured in the LevinPro HC database, this represents the 145th MOB transaction of 2023, as well as Montecito’s 30th MOB acquisition of the year. During 2022, Montecito announced 43 MOB deals.
