Pac Premier
Tolman Wiker
You are here:  Home  >  Columns  >  Current Article

Montecito Medical’s $54M buy raises stake for health properties

By   /   Friday, November 1st, 2013  /   Comments Off on Montecito Medical’s $54M buy raises stake for health properties

Montecito Medical Acquisition Co., a Santa Barbara-based real estate investment firm, has made one of its largest purchases to date, paying $54.6 million for the UCLA Outpatient Surgery and Oncology Center in Santa Monica. The firm now has about $170 million in assets, even after divesting some of the properties it purchased with its first fund between 2006 and 2008.

    Print       Email


    This article is only available to Business Times subscribers
  • Subscribers: LOG IN or REGISTER for complete digital access.
  • Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists.
  • Check the STATUS of your Subscription Account.
    Print       Email

About the author

Managing Editor

Marlize van Romburgh covers banking, finance, agricultural and viticulture. She writes a weekly column on commercial real estate and a monthly column on the restaurant industry. Follow her at @marlizevr

You might also like...

San Luis Ranch mixed-use development breaks ground

Read More →