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Montecito Acquires Endoscopy Medical Building to Expand Portfolio in North Texas
Friday 26 November 2021

Nashville, US-based medical office properties owner Montecito Medical has completed the acquisition of a 14,458-SF medical building in Sherman, Texas that houses an endoscopy centre, to expand North Texas portfolio, the company said.

Terms of the transaction were not disclosed.

The building is 100% leased to Texas Digestive Disease Consultants.

The Sherman acquisition is part of a larger portfolio of medical office properties in the Dallas area that Montecito is in the process of acquiring.

The Sherman acquisition continues the rapid expansion of Montecito's footprint in Texas. In the past year the company has acquired medical office properties in Arlington, San Antonio, Austin, The Woodlands, Corpus Christi, Tyler, Texarkana, Katy, Rockwall, Denton and Sunnyvale.

Montecito Medical specialists in healthcare-related real estate acquisitions and funds the development of medical real estate. Montecito is a resource for both medical real estate owners and healthcare providers seeking to monetise or expand their holdings.
Date Published: 26/11/2021