December 5, 2019
Montecito Named Key Influencer in Healthcare Real Estate for Second Consecutive Year
CEO Chip Conk also a finalist for Healthcare Real Estate Executive of the Year
Nashville, TN — Nashville-based Montecito Medical Real Estate has been named as the “Key Influencer” in Healthcare Real Estate for 2019.
The recognition was bestowed by the editors of Real Estate Forum and Globe St. Partners, which publish an annual list of influencers in specific areas of real estate that include healthcare, retail, industrial and multifamily housing.
This marks the second straight year in which Montecito Medical has received this honor.
Also for the second consecutive year, Montecito’s CEO, Chip Conk, was named as a finalist for the Healthcare Real Estate Executive of the Year Award given by Healthcare Real Estate Insights.
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.
“On behalf of our entire team, we feel incredibly honored that recognized industry experts have named our organization as the key influencer in our field for two consecutive years,” said Conk. “We regard it as a tribute to our particular focus on empowering physicians to be our long-term partners in strengthening their practices and building more secure financial futures, rather than merely participants in a real estate transaction.”
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.
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.
In addition, in July 2019, the company launched the Montecito Medical Physician’s Fund, a first-of-its-kind vehicle that enables individual physicians to invest in portfolios of prime medical office properties on terms that previously had been available only to large, institutional investors.
Since commencing operations in 2005, Montecito Medical has transacted on more than $3.6 billion in medical office properties. For the past three years, the company has been the top privately held acquirer of medical office properties, based on data from Real Capital Analytics. As of early December, Montecito was on track to close on approximately $900 million in acquisitions for 2019.
About Montecito Medical
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 real estate owners and healthcare providers seeking to monetize or expand their holdings. Montecito has offices in Nashville, Tenn., Austin, Tex. and Orange County, Calif. Since 2005, it has completed transactions in over 30 states involving more than $3.8 billion in medical real estate and totaling over six million square feet. 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