Montecito Medical, one of the nation’s most active investors in medical office real estate, has acquired four medical office properties in southeastern North Carolina.The four buildings, which offer nearly 230,000 SF, are situated in Pinehurst, Southern Pines, and Fayetteville, NC, respectively. Pinehurst Surgical Clinic, the anchor tenant, occupies more than 190,000 SF of the total space in the portfolio. FirstHealth of the Carolinas occupies 90% of the 14,000-SF Fayetteville property. Each of the buildings is fully occupied.“Pinehurst Surgical Clinic has proudly served Pinehurst and the surrounding communities for nearly 85 years as an independent medical practice,” said Dr. Raymond Washington, who serves as president of the group. “Partnering with Montecito on our real estate portfolio has been a very positive experience for our team and allows us to stay focused on what matters most: delivering high-quality patient care. We were particularly excited about the opportunity to reinvest alongside Montecito, which reflects our confidence in the partnership and our shared long-term vision. This alignment helps us thoughtfully manage risk while preserving our independence for years to come.”“We are excited by the opportunity to work directly with physician owners in this transaction, and we look forward to building a long-term relationship with them as we continue to expand our footprint in North Carolina and the Southeast,” said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical.Pinehurst Surgical Clinic is a dominant, multispecialty practice with more than 50 physicians, 30 midlevel providers, and a professional staff of over 500. The group has served the area for more than 85 years and maintains nine locations across seven counties.FirstHealth of the Carolinas is a private, not-for-profit regional healthcare system serving 15 counties in central and southern North Carolina. The health system, headquartered in Pinehurst, employs more than 6,600 employees with an active medical staff of nearly 1,000 providers. The health system operates four hospitals offering specialty and subspeciality care across its footprint.“We continue to be attracted to excellent opportunities to partner with dominant provider groups and health systems in growing tertiary markets,” said Chip Conk, CEO of Montecito Medical. “This acquisition is a prime example of how we are executing on our acquisition strategy as a company.”
