Top U.S. Converter Montecito Enters Medical Properties Market with Major Multi-Property MOB Acquisition


JACKSONVILLE, FL and NEWPORT BEACH, CA – Apr. 14 (SEND2PRESS NEWSWIRE) — Montecito Medical Investment Realty, LLC, the medical property acquisition affiliate of Montecito Property Company, LLC, in a joint venture with Buchanan Street Partners of Newport Beach, CA has acquired a 14-building, 583,912 square foot medical office portfolio in a deal which closed on Monday. Montecito acquired the portfolio from the Florida-based Greenfield Group. The properties, which are on campus and adjacent to hospital complexes, are located in Florida, Virginia, Arizona and Indiana.