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Montecito Acquires Orthopedic Property in Mississippi, USA
Friday 23 September 2022

US-based medical office properties owner Montecito Medical has completed the acquisition of a 49,500 square-foot medical office building in Flowood, Mississippi, the company said.

The building, which opened in 2018, is 100% leased to Capital Ortho, a practice group with locations across the Jackson area.

The property features an ambulatory surgery center with four operating rooms as well as clinical orthopedic services and physical therapy.

Capital Ortho, which has served the area since 1990, is a well-established group with 11 surgeons, 11 physician assistants and nurse practitioners and 12 physical therapists.

The group uses the Flowood property as its hub and maintains other offices in Madison and Clinton, Mississippi, along with several satellite locations across the area.

Montecito Medical is one of the nation's largest privately held companies specializing in healthcare-related real estate acquisitions and funding the development of medical real estate.

Montecito is a resource for both medical real estate owners and healthcare providers seeking to monetize or expand their holdings.

Since 2006, it has completed transactions across the United States involving more than USD 5bn in medical real estate.
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Date Published: 23/09/2022

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