Montecito Medical, a leading buyer of medical office properties nationwide, has acquired a medical building in Buffalo, New York.
Western New York MRI tenants the 15,858-square-foot, two-story facility.
“We are thrilled to acquire this state-of-the-art building and enter into a long-term relationship with these providers of this market-leading specialty practice,” said Rus Gudnyy, Senior Vice President of Acquisitions at Montecito Medical.
WNY MRI is a dominant provider of diagnostic imaging services in the market area, serving patients throughout the Greater Buffalo and Niagara region, including Ontario, Canada. The group maintains four offices, along with seven satellite locations within local physician practices.
The property is in central Buffalo, close to a major hospital operated by the largest healthcare provider in Western New York.
The WNY MRI building is the third medical property Montecito has acquired in the Buffalo area since the end of 2021. “We like the fundamentals in this market area and are thrilled to expand our growing presence in Western New York,” 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.
