Montecito Medical Named Key Influencer
in Healthcare Real Estate by GlobeSt.com
Nashville, TN —Nashville-based Montecito Medical Real Estate has been named as the key “Influencer” in Healthcare Real Estate for 2018.
The recognition was bestowed by the editors of Real Estate Forum and GlobeSt.com, which publish an annual list of influencers in specific areas of real estate that include healthcare, retail, industrial and multifamily housing.
Real Estate Forum’s Influencers Series spotlights professionals, teams and companies that have made an indelible impact on their respective lines of business through their contributions to the industry, successes they have achieved or the innovations and best practices they’ve introduced.
“As an organization, we feel incredibly honored to be named by industry experts as influencers in our field,” said Chip Conk, Chief Executive Officer of Montecito Medical Real Estate. “We regard it as a tribute not only to the hard work of our entire team but to our distinctive approach that empowers physicians to regain more control over the future of their medical practices and their own financial futures.”
In addition to the honor bestowed on the company by Real Estate Forum, Conk was named as a finalist for the Executive of the Year Award given by Healthcare Real Estate Insights.
In selecting the finalists for the Healthcare Real Estate Influencers list, the editors reviewed a considerable number of qualified individuals, teams and firms from across the United States. The winners are profiled in the November/December of Real Estate Forum that was released in early December, and online at GlobeSt.com. In addition, winners were honored at Real Estate Forum’s RealShare Healthcare 2018 event in Scottsdale, Ariz.
GlobeSt.com, together with its print publication, Real Estate Forum and the RealShare Conference Series, reaches more than 250,000 professionals across all markets, sectors and business disciplines.
Montecito has been recognized for pioneering an innovative approach to sale-leaseback transactions involving medical office real estate. Under the company’s unique model, physicians and developers can continue to manage the property after the sale, and they can reinvest a portion of the proceeds into the real estate asset, gaining tax advantages, recurring income streams and opportunities to profit from the investment.
Following this approach, Montecito Medical has transacted on more than $3.16 billion in medical office properties since 2005. Data received from Real Capital Analytics indicates that Montecito was the top privately held acquirer of medical office properties in 2016 and 2017, and the company in 2018 has surpassed acquisition totals for both of the preceding years.
About Montecito Medical
Montecito Medical is one of the nation’s largest privately held companies specializing in healthcare-related real estate Montecito Medical is one of the nation’s largest privately held companies specializing in healthcare-related real estate acquisitions and funding the development of medical real estate. Montecito is a leading resource for both real estate owners and healthcare providers seeking to monetize or expand their holdings. Montecito has offices in Nashville, Tenn., Austin, Tex., Portland, Ore. and Orange County, Calif. Since 2005, it has completed over 120 transactions in 27 states. To date, Montecito has more than $1 billion in capital available to expand holdings in its medical office portfolio throughout the United States. Its current portfolio and healthcare system relationships include UCLA, Cleveland Clinic, Johns Hopkins, Holston Medical Group, Carolinas Health System, Urology of Virginia, Bon Secours, Maine General, EmergeOrtho and State of Franklin Healthcare Associates.
Contact: Joellyn Shannon, VP Marketing & Strategic Initiatives