Montecito Acquires Kentucky Medical Office Portfolio
OCTOBER 28, 2024 · REAL ESTATE
Montecito Medical, a leading buyer of medical office properties nationwide, has acquired a two-building medical office portfolio in Paducah, Kentucky.
The adjacent buildings, which total nearly 62,000 square feet, are fully occupied by Bon Secours Mercy Health under a long-term lease.
“We are thrilled to add these two properties to our portfolio and to build on our relationship with such a respected health system,” said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical.
Bon Secours Mercy Health is one of the nation’s leading health systems, with thousands of providers, more than 1,200 care sites, and nearly 50 hospitals.
“As more health systems explore monetizing their real estate, we are pleased for opportunities to partner with them in making the most of these strategic assets,” said Chip Conk, CEO of Montecito Medical.
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