Montecito acquires Alabama medical office portfolio

Montecito Medical, a leading buyer of medical office properties nationwide, has acquired a two-building medical office portfolio in central Alabama.

The fully leased buildings, in Birmingham and Montgomery, respectively, total more than 25,700 square feet. Surgical Dermatology Group, a market-dominant specialty provider, is the anchor tenant.

“We are thrilled to add these two properties to our portfolio and enter into a relationship with this respected provider group,” said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical.

With nine locations in the state, Surgical Dermatology Group is a leading provider in its specialty. The Birmingham property, which includes an ambulatory surgery center, is the group’s flagship location.

“We are excited to expand our footprint in Alabama as more and more providers look to Montecito to help them build wealth while building stronger practices,” said Chip Conk, CEO of Montecito Medical.



About Montecito Medical
Montecito Medical is one of the nation’s largest privately held companies specializing in healthcare-related real estate acquisitions and partnering with physicians and developers to fund development of medical real estate. The company also supports providers with a suite of AI-powered technology solutions that increase revenues, reduce costs and build physician wealth. Since 2006, Montecito has completed transactions involving more than $5 billion in medical real estate. Headquartered in Nashville, TN, the company was named for six consecutive years as a “key influencer in healthcare real estate” by GlobeSt.com and the editors of Real Estate Forum. For more information, please visit www.montecitomac.com.
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