Montecito Medical News

• February 14th 2022
• News

Nashville-based Montecito Medical Real Estate has been named as a “Key Influencer in Healthcare Real Estate Marketing.”

The national recognition came from the editors of Real Estate Forum and GlobeSt. Partners, which publish an annual list of influencers in specific areas of real estate that include healthcare, retail, industrial and multifamily housing.

Real Estate Forum’s Influencers Series spotlights professionals, teams and companies that have made an indelible impact on their respective lines of business through their contributions to the industry, successes they have achieved or the innovations and best practices they’ve introduced.

“On behalf of our entire Montecito team, we are deeply honored that respected industry experts have recognized our organization in this way,” said Brandi Meeks, Vice President of Marketing of Montecito Medical. “We regard it as a tribute to our entire team’s continuing commitment to create wins in the medical office space for physician groups, developers and commercial real estate brokers.”

In December, GlobeSt. Partners also named Montecito for the fourth consecutive year as a “Key Influencer in Healthcare Real Estate.”

GlobeSt.com, together with its print publication, Real Estate Forum and the RealShare Conference Series, reaches more than 250,000 professionals across all markets, sectors and business disciplines.

Montecito has been recognized for pioneering an innovative approach to sale-leaseback transactions involving medical office real estate. Under the company’s distinctive model, physicians can maintain an ownership stake in their buildings after the sale, with opportunities to participate in recurring income streams from the property, gain tax advantages and receive a share of the profits when the asset is recapitalized.

For developers, who are seeking to keep pace with the high demand for new medical office properties, Montecito offers the flexibility to work with them in a variety of ways — as a capital partner, joint venture partner or takeout partner. As with physician sellers, developers can choose to retain a share of ownership after the sale, with opportunities for additional profit upon asset disposition.

Commercial real estate brokers have also increasingly brought potential deals to Montecito because of the popularity of the company’s pioneering model among physicians and developers.

In 2020 and 2021, more owners of medical office properties entrusted their buildings to Montecito than to any other buyer.

Now, as the company leverages its physician-centered approach, real estate expertise and leading-edge data capabilities, providers can access technology solutions that enable them to optimize key areas of their operations, from staff scheduling to provider recruitment and minimizing costly missed appointments.

“Our approach has always been to build lasting relationships that treat owners of medical office properties as long-term partners in our mutual success,” Conk said. “The medical office real estate market continues to validate our model, and we believe that helped our company enjoy another outstanding year in 2021.”