Montecito Medical Acquires MOB in Buffalo, New York
Montecito Medical Real Estate announced on September 28 that it acquired a 15,858-square-foot, two-story medical office building (MOB) in Buffalo, New York. The MOB is leased to WNY MRI a dominant provider of diagnostic imaging services in the Greater Buffalo and Niagara region. 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. According to data captured in the LevinPro HC database, this represents the 157th MOB transaction of 2023, as well as Montecito’s 32nd MOB acquisition of the year. This is also the... Read More »
Montecito Medical Acquires Tucson, Arizona MOB
Montecito Medical Real Estate announced on September 21 the acquisition of a 14,000-square-foot medical office building (MOB) in Tucson, Arizona for an undisclosed price. The acquisition of the property expands Montecito Medical’s existing footprint in Arizona. The property is fully occupied by Arizona Urology Specialists, the region’s premier urology practice, serving patients at 10 medical offices throughout Phoenix, Scottsdale, Glendale and Mesa, Arizona. The group uses the MOB property to deliver a variety of urology-related services. The building includes specialized space that houses a Linear Accelerator and CT scanner. Montecito Medical specializes in... Read More »
Montecito Medical Acquires Medical Office Property in Milwaukee MSA
Montecito Medical announced on September 19 its acquisition of The Lincoln Avenue Health Center building in West Allis, Wisconsin. The acquisition of the property expands Montecito Medical’s footprint in the Milwaukee MSA. Financial terms of the deal were not disclosed. The Lincoln Avenue Health Center is a 12,600-square-foot medical office building (MOB). The building is 100% leased to Medical College of Wisconsin, a market-dominant group in the Greater Milwaukee area. 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... Read More »
Montecito Medical Acquires Bartlett, Tennessee Medical Office Building
On September 12, Montecito Medical Real Estate announced its acquisition of a Bartlett, Tennessee medical office building (MOB) for $11.2 million, or $5.3 per-square-foot. This purchase is Montecito’s first in Shelby County and third in Tennessee, according to the company’s website. The seller, Bartlett MOB Partners LLC, originally purchased the property in 2017 for $236,000 and built the 21,000 square foot MOB that is on the property. The property is occupied by OrthoSouth, which is a network of orthopedic surgeons and physical therapy centers across the state. It is adjacent to Saint Francis Hospital-Bartlett. Montecito Medical Real Estate... Read More »
NUWAY Alliance Acquires Ramsey County Care Center to Relocate Cochran Recovery Services
NUWAY Alliance has acquired Ramsey County Care Center as the new location for Cochran Recovery Services (CRS). CRS is a part of NUWAY Alliance. According to data captured in the LevinPro HC database, this represents the 148th MOB transaction of 2023. This deal also marks NUWAY’s second transaction of the year. In August, the company acquired Arrigoni East and West, which provides housing for those going through substance abuse recovery programs. Located in Maplewood, Minnesota, Ramsey County Care Center operated as a nursing home for older adults from 1959 to 2022, when it closed. It features spacious bedrooms, several communal spaces, a full-service commercial kitchen and... Read More »Schedule a demo
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