Montecito Medical Acquires 4-Building Portfolio in Spokane

FOR IMMEDIATE RELEASE

Nashville, Tenn. - Montecito Medical, one of the nation's most active investors in medical office real estate, has acquired four medical outpatient buildings in Spokane, Washington.

The fully occupied properties total over 72,000 square feet, anchored by Spokane Eye Clinic. The assets are strategically positioned across both downtown Spokane and key suburban medical corridors. One of the properties includes an ambulatory surgery center.

"This investment aligns with our long-term strategy of expanding relationships with leading ophthalmology platforms while pursuing meaningful acquisitions across the Pacific Northwest," said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical.

Spokane Eye Clinic is a leading ophthalmology practice that has served the Spokane market for over 70 years. The practice is affiliated with PRISM Vision Group, a leading ophthalmology platform with approximately 100 affiliated locations ranging from Washington State to Washington, D.C.

"We are excited to expand our footprint in the Pacific Northwest, a region characterized by favorable healthcare demand fundamentals and limited supply of institutional-quality medical outpatient real estate," 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.