Montecito Medical Acquires Two More Women’s Health Properties in Minnesota

Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired two buildings in Minnesota that are home to a leading provider of women’s health services in the Twin Cities area.

The two buildings, which encompass a total of 13,100 square feet, are located in the suburban communities of Maplewood and Apple Valley respectively. Both are 100% occupied by Minnesota Women’s Care.

In October 2023, Montecito acquired a 32,711-square-foot building tenanted by the group in Woodbury, another Twin Cities suburb.

“We are very pleased to acquire these two real estate assets for our portfolio and to build on the relationship we have established with this respected and innovative provider group,” said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical.

“As in our earlier transaction, our experience with Montecito was extremely easy, and we felt throughout the process that the Montecito team took pains to serve our group’s interests as well as their own,” said Melvin Ashford, M.D., Founder and CEO of Minnesota Women’s Care.

Minnesota Women’s Care serves patients throughout the Twin Cities area and western Wisconsin. The group maintains four office locations across its service area.

“We are pleased to expand our presence in the Twin Cities, one of the most attractive medical office markets in the country,” 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 five 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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