Montecito Medical Real Estate acquired a 56,160-square-foot specialty medical outpatient building (MOB) in Des Peres, Missouri, a suburb of St. Louis. The property is fully occupied by Orthopedic Associates.
Founded in 1958, Orthopedic Associates operates more than 90 physician providers across multiple locations in the St. Louis region. The facility includes an ambulatory surgery center and imaging suites, highlighting continued investor demand for high-acuity outpatient healthcare assets.
Terms of the transaction were not disclosed.
The deal aligns with broader healthcare real estate trends favoring stabilized outpatient properties anchored by specialty physician practices with long operating histories and integrated ancillary services.
Montecito Medical has continued growing its national medical real estate portfolio through acquisitions tied to physician-led specialty practices in high-growth and strategically attractive markets. The company has remained active in outpatient-focused healthcare real estate, targeting assets with strong tenancy, long-term occupancy and ambulatory care capabilities.
According to data captured in the LevinPro HC database, this transaction marks Montecito Medical’s 11th acquisition of the year, and the 88th MOB deal. There have been 10 MOB transactions reported in Texas since the start of 2026.
