{"id":57659,"date":"2023-06-27T16:03:46","date_gmt":"2023-06-27T14:03:46","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/montecito-medical-acquires-two-medical-properties-in-greater-nyc-area\/"},"modified":"2023-06-27T16:03:46","modified_gmt":"2023-06-27T14:03:46","slug":"montecito-medical-acquires-two-medical-properties-in-greater-nyc-area","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/montecito-medical-acquires-two-medical-properties-in-greater-nyc-area\/","title":{"rendered":"Montecito Medical Acquires Two Medical Properties in Greater NYC Area"},"content":{"rendered":"
\n

NASHVILLE, Tenn.–(BUSINESS WIRE)–Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired two medical office properties in northern New Jersey.<\/p>\n

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\nThe fully leased buildings in Livingston and New Providence, New Jersey, offer more than 131,000 combined square feet of space. Summit Health is the anchor tenant for both buildings, occupying 100% of the 79,000+ square-foot Livingston property and 92% of the New Providence property.<\/p>\n

\nMontecito acquired the two properties from The Silverman Group.<\/p>\n

\n\u201cWe are delighted to acquire these outstanding medical real estate assets in the gateway market to New York City and for the opportunity to build a long-term relationship with one of the area\u2019s top providers,\u201d said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical.<\/p>\n

\nSummit Health operates both properties as multi-specialty facilities that provide a wide array of healthcare services.<\/p>\n

\nSummit Health is a physician-driven, patient-centric network formed by the 2019 merger between Summit Medical Group, one of the nation’s premier independent physician-governed multispecialty medical groups, and CityMD, the leading urgent care provider in the New York metro area. Summit Health has more than 2,800 providers, 13,000 employees, and over 370 locations in New Jersey, New York, Connecticut, Pennsylvania, and Central Oregon.<\/p>\n

\n\u201cWe are very pleased to establish a presence in the Greater New York City metro area as we steadily expand our company\u2019s footprint across the Northeast,\u201d said Chip Conk, CEO of Montecito Medical.<\/p>\n

\nAbout Montecito Medical<\/p>\n

\nMontecito Medical is one of the nation\u2019s largest privately held companies specializing in healthcare-related real estate acquisitions and partnering with physicians and developers to fund development of medical real estate. 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 transactions involving more than $5 billion in medical real estate. Headquartered in Nashville, TN, the company has been named for five consecutive years as a \u201ckey influencer in healthcare real estate\u201d by GlobeSt.com and the editors of Real Estate Forum. For more information, please visit www.montecitomac.com<\/a>.<\/p>\n

Contacts<\/b> <\/p>\n

\nBrandi Meeks
\n
VP of Marketing
\n
bmeeks@calmwatersai.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

NASHVILLE, Tenn.–(BUSINESS WIRE)–Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired two medical office properties in northern New Jersey. The fully leased buildings in Livingston and New Providence, New Jersey, offer more than 131,000 combined square feet of space. Summit Health is the anchor tenant for both buildings, occupying 100% of the … [Read more…]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-57659","6":"format-standard","7":"category-industry"},"yoast_head":"\nMontecito Medical Acquires Two Medical Properties in Greater NYC Area - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/montecito-medical-acquires-two-medical-properties-in-greater-nyc-area\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Montecito Medical Acquires Two Medical Properties in Greater NYC Area - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"NASHVILLE, Tenn.–(BUSINESS WIRE)–Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired two medical office properties in northern New Jersey. 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