Big Sky Medical announced on January 6 that it acquired a medical office building (MOB) in Modesto, California.
The property consists of two buildings: a multi-tenant MOB and an ambulatory surgery center (ASC). The MOB is occupied by Valley Orthopaedics and Pacific Medical Inc. The ASC is occupied by River Surgical Institute and Pacific Medical Inc. Together, the buildings total 20,695 square feet.
Big Sky Medical is a national real estate investment management firm that invests in healthcare-related real estate with a concentration in the medical office and life science sectors. Big Sky Medical, which is headquartered in Dallas, has more than $2 billion in healthcare real estate investment experience. In early 2023, Big Sky Medical was purchased by GFH Financial.
The addition of the assets signifies Big Sky’s commitment to expanding their geographic footprint and marks Big Sky’s first transaction since being purchased by GFH Financial. The financial terms of the transaction were not disclosed.
According to data captured from the LevinPro HC database, this transaction represents the 10th MOB acquisition of 2023. Over the course of 2022, there were 214 MOB transactions announced.
