When they enter into a takeout deal with Montecito, developers of medical office buildings gain a world of new opportunities.
Drawing on our expertise in the medical real estate space and our proprietary research and analytics platform, we will work with developers to establish a take-out price for their medical real estate when they obtain a Certificate of Occupancy.
When the transaction closes, the developer may reinvest a portion of the sale price as equity in the property. The reinvestment is structured as a tax-free contribution, creating significant tax savings.
The property will become part of a larger portfolio of medical office buildings over an acquisition and investment period. Investors receive regular distributions with no added fees during this period.
After the hold period or when market conditions indicate, Montecito will sell the asset as part of a portfolio, or opt to sell as a one-off disposition.
Montecito also can fund the equity that developers need for joint venture projects in healthcare real estate. Through our relationships with some of the nation's largest institutional investors, we can provide access to capital that may be considerably less expensive than what is generally available in lending markets.