Montecito adds specialty medical office property in upstate New York

Montecito Medical, a leading buyer of medical office properties nationwide, has acquired a specialty medical office building in Rochester, New York.

Gastroenterology Group of Rochester tenants the property.

“We are pleased to add this excellent property to our real estate portfolio and begin a long-term relationship with the area’s leading gastroenterology provider,” said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical.

With a history spanning more than 25 years, Gastroenterology Group of Rochester is the area’s leading group in its medical specialty. In addition to the property acquired by Montecito, the group maintains two other locations in the area. The providers are affiliated with the University of Rochester Medical Center, one of the nation’s leading academic medical centers.

“We continue to expand our significant real estate investment in the Rochester and Buffalo areas because of the excellent fundamentals of these medical markets and the quality of the properties we find here,” said Chip Conk, CEO of Montecito Medical.



About Montecito Medical
Montecito Medical is one of the nation’s largest privately held companies specializing in medical and veterinary real estate acquisitions and partnering with providers and developers to fund the development of new properties. 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 more than $6.5 billion in medical and veterinary real estate transactions. Headquartered in Nashville, TN, the company has consistently been named as a "key influencer in healthcare real estate" by GlobeSt.com and the editors of Real Estate Forum.
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