FOR IMMEDIATE RELEASE
May 15th, 2019
Nashville, Tenn. — Montecito Medical Real Estate, the nation’s top privately held acquirer of medical office properties, is pleased to announce that Billy May has joined the company as Vice President, Asset Management.
May possesses more than a decade of experience in commercial real estate and will manage Montecito’s growing portfolio of over 135 premier medical office buildings totaling more than three million square feet.
“We are proud to have Billy join our team and appreciate his deep knowledge of asset management,” said Chip Conk, CEO of Montecito Medical. “He understands our company’s assets as well as the nuances associated with caring for our physician partner-tenants. As a member of the Montecito executive leadership team, Billy will play a key role and provide critical support as our company continues to focus on value creation in medical real estate.”
May joins Montecito Medical following six successful years with HCP, a Nashville-based Real Estate Investment Trust, where he served as Director of Asset Management. During his tenure with HCP, he managed 4.7 million square feet of medical office space in key markets with national and regional health systems. He also developed relationships with executives and real estate personnel with health systems, hospitals and physician practices to optimize value and create strategic growth. Prior to joining HCP, May served as Portfolio Manager for Kimco Realty Corporation in New York City, where he managed three joint venture real estate partnerships that included 110 commercial properties across the United States with a market value of more than $2 billion.
May is a graduate of The Wharton School at the University of Pennsylvania, where he earned a degree in Economics and was a member of the 2003 Ivy League Champion football team.
About Montecito Medical
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, Tex., Portland, Ore. and Orange County, Calif. Since 2005, it has completed transactions in 30 states involving more than $3.2 billion in medical real estate and totaling over six million square feet. 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, Urology of Virginia, Bon Secours, Maine General, EmergeOrtho and State of Franklin Healthcare Associates.
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
