Montecito Medical has completed the acquisition of a five-building medical portfolio in Elkhart, Ind.
The buildings, which represent approximately 124,000 square feet, are 100% occupied by the Elkhart Clinic.
Fairfield Advisors advised the seller and worked closely with Montecito to successfully complete the transaction.
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The transaction builds on Montecito's acquisition of seven other medical office buildings in Indiana over the past six months.
With eight locations and 35 physicians on staff, the Elkhart Clinic is the area's dominant family medicine practice. The group, founded more than 65 years ago, offers care in various specialties including oncology, internal medicine, neurology, ENT, cardiology and ophthalmology.
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