News Release: Montecito Medical Acquires Utah Portfolio

NASHVILLE, TENN., July 7th, 2017 — Montecito Medical Real Estate, one of the largest privately held firms in the country devoted exclusively to medical real estate, has acquired the 105,592-square foot Ogden Clinic Portfolio. Ogden Clinic is a dominant multi-specialty provider in the Southwest Mountain region.

The Class-A portfolio is comprised of four properties which are 100% occupied and feature extensive build-outs to accommodate the wide range of specialty practices, including urgent care and radiology.

“Montecito has been great to work with. Their process has been efficient and non-disruptive, enabling Ogden Clinic’s healthcare providers to continue to focus on providing deeply personalized and dynamic care to our patients,” explained Paul Schofield, FACHE, Chief Executive Officer of Ogden Clinic.

Ogden Clinic was founded in 1950, when eight physicians – four of whom trained at Mayo Clinic – launched the concept of multi-specialty care to Ogden with the goal of providing better, more convenient healthcare to their community. Today, Ogden Clinic is a leading physician-owned multi-specialty group practice that has grown to 16 locations with more than 800 employees and 120 healthcare providers in over 20 specialties. They have also been awarded Best of State awards for Healthcare Services, Healthcare Facilities, and Merchandising and Consumer Healthcare Services.

“Montecito is delighted to add Ogden Clinic’s medical buildings to our portfolio. We are very impressed with their senior management team and the world-class physicians that make up this exceptional practice,” explained Montecito CEO Chip Conk. “We look forward to expanding this relationship as Ogden Clinic continues to grow their services throughout the region.”

The Ogden Clinic portfolio, is the 12th medical office building that Montecito has acquired year-to-date and the 89th medical office building since inception, representing more than $1.5 billion and 4.5 million square feet.

This acquisition was sourced through Global Healthcare Services (GHS) with Newmark Knight Frank and lead by Garth Hogan, Todd Perman, Dana Hamric and Jonathan Kesler. GHS advises over 150 providers in the US which comprises 65 million square feet of healthcare real estate and has transacted $1 Billion recently in US healthcare capitals markets projects.

About Montecito Medical Real Estate

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 leading resource for both real-estate owners and healthcare providers seeking to monetize or expand their holdings. Montecito has offices in Nashville, Tenn., Austin, Texas and Orange County, California. Since 2005, it has acquired more than $1.5 billion in medical real estate totaling over 5 million square feet in 23 states. To date, Montecito has more than $1 billion in capital available to expand holdings in its medical office portfolio throughout the United States. Its current portfolio and healthcare system relationships include UCLA, Cleveland Clinic, Johns Hopkins, Holston Medical Group, Carolinas Health System, Bon Secours, Maine General, EmergeOrtho and State of Franklin Healthcare Associates.

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