Market Overview

Montecito Medical Acquires Medical Office for the Nation's Top-Ranked Pediatric Hospital

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Montecito Medical Real Estate, a premier owner of medical office
buildings throughout the U.S., has acquired The Boston Children's at
North Dartmouth medical office building in Dartmouth, Massachusetts.

The 15,020 square-foot, single-story North Dartmouth facility is one of
eight satellite offices for Boston Children's Hospital, which is located
in Boston's Longwood medical area. According to US News & World Report,
Boston Children's Hospital is the top-ranked children's hospital in the
United States. The North Dartmouth satellite office is located 60 miles
south of Boston and 28 miles east of Providence, Rhode Island.

"We are very excited about this acquisition and the opportunity to
expand our presence in the Boston area," said Chris Conk, Partner and
SVP of Acquisitions for Montecito Medical. "Following our acquisition of
the Beth Israel Deaconess Plymouth Hospital earlier this month,
Montecito now has formed relationships with two of the area's most
trusted names in healthcare.

"While this property is a smaller building than those that our company
typically acquires, it carries enormous prestige and is a key provider
of critical healthcare services. We love the characteristics of Boston
Children's hub-and-spoke model, where the satellite offices are leased
on a long-term basis to an investment-grade system."

Built in 2015, the North Dartmouth facility is 100 percent occupied by
The Children's Hospital Corporation (CHC) the name under which CHC does
business. Physicians within the medical office provide 16 important
pediatric specialty services, including cardiology, ophthalmology,
orthopedics, neurology, and radiology. The property is strategically
located in a high-volume medical corridor that includes six hospitals
within a 10-mile radius.

Boston Children's Hospital, which is strongly affiliated with hospitals
in the Dartmouth market, is a world-class pediatric academic medical
center and the primary pediatric teaching hospital for Harvard
University's medical school. One of the largest pediatric medical
centers in the United States, CHC offers a complete range of health care
services for children from birth through 21 years of age. It is also
home to the world's largest research enterprise based at a pediatric
hospital, with more than 1,100 scientists and a record $225 million in
annual funding.

About Montecito Medical

Montecito Medical is one of the nation's largest privately held
companies specializing in healthcare-related real estate acquisitions
and funding the development of medical real estate. Montecito is a
leading resource for both real estate owners and healthcare providers
seeking to monetize or expand their holdings. Montecito has offices in
Nashville, Tenn., Austin, Tex. Portland, Ore. and Orange County, Calif.
Since 2005, the company has completed transactions in 28 states
involving more than $2.33 billion in medical real estate and totaling
over six million square feet. To date, Montecito has more than $1
billion in capital available to expand holdings in its medical office
portfolio throughout the United States. Its current portfolio and
healthcare system relationships include; UCLA, Cleveland Clinic, Johns
Hopkins, Holston Medical Group, Carolinas Health System, Urology of
Virginia, Bon Secours, Maine General, EmergeOrtho and State of Franklin
Healthcare Associates.

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