Montecito Medical acquires medical office property in Milwaukee area

Montecito Medical, a leading buyer of medical office properties nationwide, has acquired a 14,459-square-foot medical office building in the Milwaukee suburb of Grafton, Wisconsin.

The building is 100% occupied by Ascension Columbia St. Mary’s Health System.

“We are excited to add this outstanding property and to build on our relationship with this prominent health system,” said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical.

Ascension is one of the nation’s leading non-profit and Catholic health systems, with approximately 35,000 affiliated providers and 140 hospitals. The system serves communities in 18 states and the District of Columbia.

“The Grafton property represents our fifth medical office acquisition in the Greater Milwaukee area in 2024,” said Chip Conk, CEO of Montecito Medical. “We are excited about this expansion of our footprint here and look forward to making the most of additional opportunities in this market.”



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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