NASHVILLE, Tenn.–(BUSINESS WIRE)–Montecito Medical, a premier proprietor of medical workplace properties all through the U.S., has accomplished the acquisition of a 49,500 square-foot medical workplace constructing in Flowood, Mississippi.
The constructing, which opened in 2018, is 100% leased to Capital Ortho, a follow group with places throughout the Jackson space. The property options an ambulatory surgical procedure middle with 4 working rooms in addition to scientific orthopedic providers and bodily remedy.
“It was a pleasure working straight with management and the physician-owners on this sale-leaseback acquisition,” mentioned Tyler Rhoades, Director of Acquisitions at Montecito. “We’re thrilled so as to add yet one more sturdy orthopedic asset to our rising portfolio throughout the South and excited to additional broaden our presence in Mississippi.”
Capital Ortho, which has served the world since 1990, is a well-established group with 11 surgeons, 11 doctor assistants and nurse practitioners and 12 bodily therapists. The group makes use of the Flowood property as its hub and maintains different places of work in Madison and Clinton, Mississippi, together with a number of satellite tv for pc places throughout the world.
“We had been drawn to the basics of this revolutionary orthopedic group and are excited to associate with the physicians of Capital Ortho as they proceed to develop as a follow,” mentioned Chip Conk, CEO of Montecito Medical.
“I want to thank Tyler, Chip and all of the folks at Montecito for his or her exhausting work and cooperation to get this deal accomplished,” mentioned Jeff Bedford, CEO of Capital Ortho. “It was a pleasure working with Montecito on this transaction.”
About Montecito Medical
Montecito Medical is likely one of the nation’s largest privately held corporations specializing in healthcare-related actual property acquisitions and funding the event of medical actual property. Montecito is a number one useful resource for each medical actual property house owners and healthcare suppliers in search of to monetize or broaden their holdings. Since 2006, it has accomplished transactions throughout america involving greater than $5 billion in medical actual property. Headquartered in Nashville, TN, Montecito has been named as a “key influencer in healthcare actual property” for 4 consecutive years by GlobeSt.com and the editors of Actual Property Discussion board. Chip Conk, the corporate’s CEO, was named Healthcare Actual Property Government of the Yr for 2021 by Healthcare Actual Property Insights. For extra details about Montecito Medical, please go to www.montecitomac.com.