Montecito Medical to secure medical office building portfolio for $50M

Nashville-based real estate company Montecito Medical has secured $50.4 million to acquire a medical office building portfolio spanning three states, according to a Feb. 27 report from ConnectCRE.

The portfolio consists of seven office buildings across Pennsylvania, Illinois and Florida, spanning 200,000 square feet in total. 

The buildings were 100 percent leased at the close of the sale. The seller was not disclosed in the report.  

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