News Release: Deal Announcement (CRE) | BMO Harris Healthcare Real Estate Finance acts as Administrative Agent and Sole Lead Arranger of $176 Million Acquisition Loan for a Joint Venture between AEW Capital Management and Montecito Medical Acquisition Company

Chicago, August 20, 2021 – BMO Harris Bank’s Healthcare Real Estate Finance group announces that it has closed on a $176 million term loan for a Joint Venture lead by AEW Capital Management and managed by Montecito Medical Acquisition Company. The BMO loan provided financing for the acquisition of 31 medical office buildings totaling more than 545k SF located across 10 states.

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About AEW
Founded in 1981, AEW Capital Management, L.P. (AEW) provides real estate investment management services to investors worldwide. One of the world’s leading real estate investment advisors, AEW and its affiliates manage approximately $88.6 billion of property and securities in North America, Europe and Asia (as of June 30, 2021). Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum. AEW and its affiliates have offices in Boston, Los Angeles, London, Paris, Düsseldorf, Hong Kong, Seoul, Singapore, Sydney and Tokyo, as well as additional offices in eight European cities. For more information please visit www.aew.com.

About Montecito Medical Acquisition Company
Since their establishment in 2006, Montecito has grown to become one of the largest privately held acquirers of medical real estate in the country. During this time, Montecito has acquired medical office properties in 31 states valued at more than $4.3 billion. Relying on a powerful, proprietary technology platform, Montecito is ushering in a new era in which big data, analytics and artificial intelligence converge to revolutionize healthcare real estate while providing physicians with financial and other valuable services that seamlessly come together in a new digital marketplace.

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