Montecito Medical, a premier owner of medical office buildings throughout the US, has acquired the Columbia Medical Campus (CMC) in Columbia, Maryland.
Located in Howard County, the 3rd wealthiest county in the nation, Columbia Medical Campus is comprised of two medical office buildings (Knoll I and Knoll II) totaling 155,314 square feet on a 36-acre park like setting.
Major tenants of the Columbia Medical Campus include Johns Hopkins Medicine, Columbia Medical Practice, Chase-Brexton, St. Agnes and the University of Maryland Medical Center.
“In addition to our medical research platform ranking Columbia, MD as one of the premier medical markets in the country, we value the proximity of CMC to the award-winning Howard County General Hospital (HCGH), a member of the world-renowned Johns Hopkins Health System,” said Chip Conk, CEO of Montecito.
Montecito Medical purchased the Columbia Medical Campus through its affiliate, MMAC Berkshire LLC, which is a joint venture between Montecito Medical and Berkshire Realty Ventures, that was formed to acquire a portfolio of approximately $600 million in medical office properties over the next several years.
About Montecito Medical
Montecito Medical is one of the nation’s largest, privately held companies specializing in acquiring medical related real estate. Montecito is dedicated to being the preferred resource for healthcare real estate owners and healthcare systems seeking to monetize or expand their real estate holdings.
Montecito Research and Analytics, a wholly owned subsidiary of Montecito Medical, is a proprietary analysis system comprised of over 10 terabytes of healthcare and demographic information. This research platform allows Montecito to drill down through all 30,000 zip codes in the U.S. to determine medical market viability as well as providing an analysis of unmet needs for additional inpatient beds, ancillary services, post-acute facilities and additional physician specialty needs within an individual market.
Montecito Medical Property Management is an industry leading, full service property management and leasing platform that focuses exclusively on medical real estate and the unique needs of physicians, hospitals and healthcare professionals.
For more information, please visit www.MontecitoMac.com.
Berkshire Realty Ventures (BRV) is an affiliate of The Berkshire Group, a 40+ year old real estate and private equity company that has raised over $6 billion in third party investor equity and has made over $10 billion in direct and entity level real estate investments.
To learn more, visit www.BerkshireRealtyVentures.com