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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.
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Montecito Medical launches $700M joint venture fund
Montecito Medical Acquisition Co. has partnered with a Boston-based firm.
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Santa Barbara investors ride health care, the next big real estate wave
Montecito Medical has since been steadily snapping up medical office and other health care-related properties across the country.
