Montecito Medical Acquires Medical Outpatient Building in Des Moines, IA

FOR IMMEDIATE RELEASE

Nashville, Tenn. Montecito Medical, one of the nation's most active investors in medical outpatient real estate, has acquired a 14,380-SF property in Des Moines, Iowa.

The building, which includes an ambulatory surgery center, is 100% occupied by Urology Center of Iowa, a leading specialty provider in the area.

"We are excited to acquire this real estate asset, which aligns with our strategy of building long-term relationships with leading provider groups in markets with excellent fundamentals," said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical.

Urology Center of Iowa is the market's dominant provider in its specialty. The group maintains 12 locations across the area.

"The Des Moines property represents our second acquisition in the Upper Midwest in the past two months, and we remain enthused by the attractive opportunities we continue to see in this region," said Chip Conk, CEO of Montecito Medical.

About Montecito Medical
Montecito Medical is one of the nation's largest privately held companies specializing in medical and veterinary real estate acquisitions and partnering with providers and developers to fund the development of new properties. 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 more than $6.5 billion in medical and veterinary real estate transactions. Headquartered in Nashville, TN, the company has consistently been named as a "key influencer in healthcare real estate" by GlobeSt.com and the editors of Real Estate Forum.