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Montecito Medical Acquires Pomona Valley Health Center
Wednesday 13 October 2021

Tennessee, US-based medical office property owner Montecito Medical has completed the acquisition of a medical building housing the Pomona Valley Health Center in the Los Angeles area, the company said.

Terms of the transaction were not disclosed.

The property, which offers slightly under 40,000 square feet of space, is 100% leased. Pomona Valley Hospital Medical Center serves as anchor tenant, occupying 85% of the building's space.

The La Verne acquisition establishes a footprint for Montecito in Southern California. Earlier in 2021 the company added a medical office asset in the Northern California market of Chico to its ownership portfolio.

Montecito Medical is a privately held company specialising in healthcare-related real estate acquisitions and funding the development of medical real estate.
Date Published: 13/10/2021