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Atlanta & Southeast  + Carolinas  + Healthcare  | 
Montecito Medical Real Estate has secured $31.2 million acquired a cancer treatment center located at 166 Stoneridge Drive in Columbia, SC.

Montecito Medical Real Estate Locks Down $31M to Buy Columbia Cancer Center

Nashville, TN-based Montecito Medical Real Estate has secured $31.2 million to finance the acquisition of a cancer treatment center located in Columbia, SC. The center on Stoneridge Drive is fully leased to South Carolina Oncology Associates, which provides medical, radiation and gynecology oncology services in addition to patient support services.

First Citizens Bank’s healthcare finance group, part of the CIT division, provided the funding. The group provides comprehensive financing and banking solutions to middle market healthcare companies across the US.

Montecito Medical Real Estate Company is a privately held company specializing in healthcare-related real estate acquisitions and partnering with providers and developers to fund development of medical and veterinary 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 Medical has completed transactions involving more than $5 billion in medical real estate.


Inside The Story

Montecito Medical Real Estate's Chip Conk

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition