Montecito Medical, a prominent acquirer of medical office properties across the nation, has successfully procured an 11,118-square-foot medical building located in Hammond, IN.
(Photo: Business Wire)
This building boasts full occupancy, primarily housing the esteemed Williams Eye Institute as its flagship location. Situated approximately 25 miles to the south of downtown Chicago, the property stands as a cornerstone for the Williams Eye Institute’s operations.
“We are thrilled to make another medical real estate acquisition in one of the nation’s most attractive and dynamic markets and to build a relationship with this outstanding group of medical providers,” said Rus Gudnyy, senior vice president of investments at Montecito Medical.
The collaborative efforts of Montecito and Entheos Capital Partners culminated in the successful execution of this transaction.
Williams Eye Institute, with a storied legacy of providing care from its Hammond location for over 35 years, holds a distinguished status as a leading healthcare provider in Northwest Indiana. The group offers a comprehensive spectrum of eye care services, ranging from general ophthalmology to cutting-edge cataract surgery. Beyond the acquired property, Williams Eye Institute maintains an additional medical office in proximity, situated in Merrillville, IN.
This acquisition marks another stride in Montecito’s expanding presence in the Chicago region. Over the past year, the company has notably acquired medical office properties in key Illinois locales, including Schaumburg, Naperville, and Rosemont.
“As we increase our investment in this MSA, we are excited by the level of interest we are seeing from providers and other medical office owners looking for opportunities to make the most of their real estate and build stronger practices through AI-powered technology solutions,” said Chip Conk, CEO of Montecito Medical.
About Montecito Medical
Montecito Medical is one of the nation’s 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 “key influencer in healthcare real estate” by GlobeSt.com and the editors of Real Estate Forum.
For more information, please visit www.montecitomac.com.
