On April 16, Montecito Medical Real Estate announced its ninth transaction of the year with the purchase of a three medical outpatient building (MOB) portfolio.
The portfolio includes two facilities in Wilmington, North Carolina and one in Shallotte, North Carolina. The MOBs comprise nearly 92,000 square feet and are 100% occupied by EmergeOrtho.
Montecito Medical Real Estate 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.
“Our relationship with EmergeOrtho spans more than a decade and multiple transactions,” said Chip Conk, CEO of Montecito Medical. “We value the consistency of that partnership and look forward to continuing to support the group’s long-term real estate objectives.”
Since the start of the year, Montecito has added more than 715,000 square feet to its portfolio. Terms were not disclosed.
According to data in the LevinPro HC database, this deal marks the 75th MOB transaction of the year. Throughout 2025, there were 233 MOB transactions announced, and 213 in 2024. In 2025, Montecito announced 29 transactions, adding more than 1.25 million square feet to its portfolio.
