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News Release: Montecito Medical Acquires Surgery Center Property in Shreveport

Company expands growing presence in Louisiana

June 16, 2022 — Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of an ambulatory surgery center building in Shreveport, Louisiana.

The property, which offers 7,064 square feet of space, is fully leased to CHRISTUS Health.

“We are excited to add this outstanding surgery center asset to our growing portfolio — and for the opportunity to build on our relationship with an outstanding healthcare system like CHRISTUS Health,” said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical.

CHRISTUS Surgery Center – Shreveport is a state-of-the-art facility with two operating rooms. Physicians at the center perform outpatient surgical procedures across multiple specialties that include podiatry, ophthalmology, plastic surgery, general breast surgery, urology, oral and maxillofacial surgery, and dental surgery.

CHRISTUS Health is a not-for-profit healthcare system comprising almost 350 services and facilities, including more than 60 hospitals and long-term care facilities and 175 outpatient surgery centers. The system serves patients in Louisiana, Texas and New Mexico.

The surgery center is situated 7.5 miles south of downtown Shreveport, along the intersection of Interstate 49 and West Bert Kouns Industrial Loop, and near large residential neighborhoods.

As Louisiana’s third-largest city, with approximately 450,000 people in its MSA, Shreveport is a major medical hub for the entire Ark-La-Tex region. Louisiana State University Health-Shreveport is one of the state’s top medical schools.

The acquisition of the surgery center property continues Montecito’s expansion in Louisiana. In the past two years, the company has acquired other medical properties in Shreveport and in Vidalia.

“We continue to be drawn to the number of excellent opportunities in this area for both investing in medical office properties and for helping providers make the most of their real estate,” said Montecito CEO, Chip Conk. “We are currently pursuing additional opportunities in Louisiana as we grow.”

About Montecito:

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 medical real estate owners and healthcare providers seeking to monetize or expand their holdings. Since 2006, it has completed transactions across the United States involving more than $5 billion in medical real estate. Headquartered in Nashville, TN, Montecito has been named as a “key influencer in healthcare real estate” for four consecutive years by GlobeSt.com and the editors of Real Estate Forum. Chip Conk, the company’s CEO, was named Healthcare Real Estate Executive of the Year for 2021 by Healthcare Real Estate Insights. For more information about Montecito Medical, please visit www.montecitomac.com.

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