Since 2006, Montecito Medical has earned a reputation for creatively structuring medical real estate deals that meet sellers' needs, overcome obstacles and produce wins for all involved. And that has earned us the trust of medical commercial real estate brokers (and medical office building owners) who know they can count on us to bring even complex, challenging deals to successful close for them and their clients.
Why do physician groups, developers, medical building owners, and medical real estate brokers love working with Montecito? One reason is that we have the commitment, creativity and flexibility to conclude complicated transactions. We find ways to meet sellers' needs. And go above and beyond to make deals happen.
Dr. John Sheppard of Virginia Eye Consultants explains how the process of selling his group's building through a medical commercial real estate broker led them to partner with Montecito, both for the sale and far beyond.
Read a few case studies on how Montecito has worked with medical office owners and medical commercial real estate brokers to create winning transactions and partnerships.
Under a sale-leaseback model that Montecito pioneered — called PREP (Provider Real Estate Partnership) — physicians can retain a share of ownership in the property even after they sell. In the process, they enjoy opportunities for monthly passive income and tax advantages.
PREP is one of the ways Montecito builds long-term, win/win relationships with physicians, empowering them to build wealth for themselves and their families while building stronger practices for their patients.
"We were able to maximize our return on the building by selling to Montecito Medical and to do so where we were able to re-invest back into the new entity buying it. It was important to many of our physicians to continue to have some level of ownership in the properties where they practice." -- Richard Panek, CEO, State of Franklin Healthcare Associates
All medical real estate deals have one thing in common: They're different. Sellers have different needs and objectives. One may wish to exit the real estate ownership business. Another may seek to sell some properties to expand their real estate holdings. Ownership structures differ. Local markets differ.
Montecito offers the flexibility and creativity to structure deals to address specific challenges and meet each seller's specific needs. Not everybody in our field can say that.
We make deals work for physicians, developers, medical building owners and brokers because we want to continue working with them as long-term partners in each other's success. That leads us to think differently than buyers who take a purely transactional approach to real estate transactions.
Montecito is privately held. We don't answer to Wall St. We answer to you. With Montecito, physicians, developers, medical building owners and medical commercial real estate brokers can pick up the phone and talk to a top decision maker — including one of the principals of the company — whenever they have questions. No bureaucracy. No slow-moving investment committees. We respond quickly and can close quickly.
For five consecutive years, Montecito Medical has been named a key influencer in healthcare real estate by GlobeSt.com and the editors of Healthcare Real Estate Insights, a publication widely read by medical office brokers.