Montecito Medical Acquires Women’s Health Office Property in Minnesota

NASHVILLE, Tenn.--(BUSINESS WIRE)--Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a 32,711-square-foot medical office building in Woodbury, MN.

The building is home to Minnesota Women’s Care, a leading specialty group in the Twin Cities area.

“We are very pleased to acquire this outstanding real estate asset and to enter into a long-term relationship with such a respected provider group,” said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical.

“Our experience with Montecito was extremely easy,” said Melvin Ashford, M.D., Founder and CEO of Minnesota Women’s Care. “We were very comfortable with the team and felt as though they had our interest in mind as well as their own in completing the transaction.”

Minnesota Women’s Care serves patients throughout the Twin Cities area and western Wisconsin. The group maintains four office locations across its service area.

“We are pleased to expand our presence in Minnesota and the Upper Midwest through this acquisition in one of the most attractive markets in the country,” said Chip Conk, CEO of Montecito Medical.

About Montecito Medical

Montecito Medical is one of the nation’s largest privately held companies specializing in medical 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 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.