Montecito Medical Acquires Medical Office Portfolio in Milwaukee Area

Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired two buildings in the Milwaukee suburb of Germantown, Wisconsin.

The two adjacent properties, which encompass a total of 92,573 square feet, are 100% occupied by Advocate Aurora Health.

“We are excited to acquire these two outstanding medical properties that serve as a focal point of care for the Germantown community and beyond,” said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical.

Providers at both properties deliver a wide range of health services. One of the buildings includes an ambulatory surgery center with six operating rooms and MRI/CT imaging.

Advocate Aurora Health is the third-largest nonprofit, integrated health system in the U.S.,  operating more than 65 hospitals and 1,000 sites of care.

“This marks our second medical office acquisition in the Milwaukee area in the past six months and our fourth since late 2020,” said Chip Conk, CEO of Montecito Medical. “We continue to invest in this market because of its attractive fundamentals and continue to pursue new opportunities to help medical office owners make the most of their real estate.”

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 and the editors of Real Estate Forum. For more information, please visit

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