Media

Media

Montecito Medical Launches New Venture Capital Division

Montecito Medical Ventures will Develop Financial Partnerships with Health Care Providers in Strategic Markets

Santa Barbara, CA (April 22, 2008) – Montecito Medical Investment Company (MMIC), a premier owner of medical properties throughout the United States, announced today it is launching a new division focused on providing venture capital and partnership opportunities to physician groups in key markets across the country. Montecito Medical Ventures (MMV) will target its resources in markets where it has determined there is a need for expanded medical services, and where it has identified strong partners in the local health-care provider community. Read more...

New Services Are Response to Marketplace Demands

Santa Barbara, CA (March 18, 2008) – Montecito Residential, LLC, a subsidiary of Montecito Corporation, a premier owner of medical and residential properties throughout the United States, announced today that it is launching Montecito Asset Recovery Services, an affiliate of Montecito Property Company (MPC) and Montecito Realty Company (MRC). The new division will offer third-party services focused on restoring distressed rental or failed condominium conversion properties, and is launching as the nation’s housing credit crisis has placed increasing numbers of multifamily projects in foreclosure. Read more...

Montecito Medical Acquires Medical Office Building

Escondido Medical Arts Building Near San Diego Adds 49,000+ Square Feet to Firm’s Growing Medical-Related Assets

Santa Barbara, CA (April 22, 2008) – Montecito Medical Investment Company (MMIC), a premier owner of medical properties throughout the United States, announced today that it has acquired Escondido Medical Arts, a medical building located in Escondido, Calif., 30 miles north of San Diego. Read more...