Healthcare Real Estate Insights magazine recently announced the finalists for the 2013 HREI Insights AwardsTM, the only national awards totally dedicated to recognizing excellence in the areas of healthcare real estate (HRE) development and executive leadership.

Montecito Medical (MM) and the buildings developer, The Nautilus Group, Inc. have been named as one of five finalists in the category “Best New Medical Office Buildings and Other Outpatient Facilities (50,000 to 99,999 square feet)” for the UCLA Outpatient Surgery and Oncology Center acquired by MM in August 2013 for $54.57 million. The 51,342-square-foot, state of the art medical office building is one hundred percent master leased by UCLA and serves as an important extension of the UCLA Santa Monica Medical Center.

The 2013 HREI Insights Awards will be awarded in nine categories:

• Medical Office Buildings and Other Outpatient Facilities – Best New Ground-Up

Development (four awards in four different size ranges)

• Medical Office Buildings and Other Outpatient Facilities – Best Renovated or

Repurposed Building

• Hospitals and Other Inpatient Facilities – Best New Ground-Up Development

• Post-Acute and Senior Living Facilities – Best New Ground-Up Development

• Healthcare Real Estate Executive of the Year

• Lifetime Achievement Award

“We are honored to be named with the Nautilus Group, Inc. as an Awards finalist. The other finalists are an impressive and talented group representing some of the nations finest facilities,” says Chip Conk, CEO of Montecito Medical. “This building has so many unique features, which we believe are a model for the future of medical office buildings, including a fully automated subterranean parking system that can accommodate almost 400 cars in a footprint 50% smaller than conventional garages. We are very excited to be considered in this category.”

The Winners of the 2013 HREI Insight Awards will be presented on December 11. For more information, visit: HREI Insights Awards.

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.

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