Here’s what you should know:
1. The campus consists of two buildings, totaling 86,377 square feet.
2. The first building is leased by the Charlottesville-based University of Virginia. It contains physicians’ offices, exam rooms, labs and procedure spaces. It was built in 1992 as commercial office space and was converted and remodeled in 2012.
3. The second building was constructed in 2016. It houses Chesapeake (Va.) Regional Medical Center’s 15,916-square-foot surgery center as well as UroVA’s cancer center. The surgery center has four operating rooms.
4. The university signed long-term leases to continue to anchor the buildings.
5. Montecito has had a busy month in terms of acquisitions. The real estate company recently closed a deal to acquire two Milwaukee-based medical buildings with ASCs as well.
More articles on transactions/valuations:
Surgery Partners authorizes $50M share repurchase program: 5 quick notes
Alabama ASC files for $135k form D equity financing: 4 key notes
Medical Facilities Corp. paying monthly dividend of $0.09 per share
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.