Montecito Medical’s $54M buy raises stake for health properties
By Marlize van Romburgh / Friday, November 1st, 2013 / Comments Off on Montecito Medical’s $54M buy raises stake for health properties
Montecito Medical Acquisition Co., a Santa Barbara-based real estate investment firm, has made one of its largest purchases to date, paying $54.6 million for the UCLA Outpatient Surgery and Oncology Center in Santa Monica. The firm now has about $170 million in assets, even after divesting some of the properties it purchased with its first fund between 2006 and 2008.
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About the author
Marlize van Romburgh
Managing Editor
Marlize van Romburgh covers banking, finance, agricultural and viticulture. She writes a weekly column on commercial real estate and a monthly column on the restaurant industry. Follow her at @marlizevr
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