News Release: Montecito Medical Acquires Two-Building Portfolio in Upstate New York

Nashville, Tenn. — Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired two medical office buildings in the Rochester, New York, area.

The buildings, with a total of 41,700 square feet, are fully occupied by Unity Hospital, part of the Rochester Regional Health system.

“We are thrilled to acquire this outstanding portfolio and to have the opportunity to partner with a respected healthcare leader like Rochester Regional Health,” said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical.

Rochester Regional Health is an integrated health system formed in 2014 by joining Rochester General and Unity Health Systems. Now a leading healthcare system in Central New York, Rochester Regional encompasses a network of eight hospitals, outpatient facilities, rehabilitation programs, surgical centers, independent and assisted living centers, and skilled nursing facilities.

“We continue to be attracted to the excellent fundamentals we are seeing in healthcare markets in Upstate New York, and we are excited about expanding our significant footprint in the region,” said Chip Conk, CEO of Montecito Medical.

 

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About Montecito Medical

Montecito Medical is one of the nation’s largest privately held companies specializing in medical and veterinary real estate acquisitions and partnering with providers and developers to fund development of new properties. The company also supports providers with a suite of AI-powered technology solutions that increase revenues, reduce costs, and build physician wealth. Since 2006, Montecito has completed more than $5.5 billion in medical and veterinary real estate transactions. Headquartered in Nashville, TN, the company has been named for five consecutive years as a “key influencer in healthcare real estate” by GlobeSt.com and the editors of Real Estate Forum. For more information, please visit www.montecitomac.com.