Covers 11 Medical Office Buildings and Ambulatory Surgery Centers for Leader in Healthcare Real Estate
Flagship Healthcare Properties (Flagship) will provide comprehensive property management services and engineering for Montecito Medical Real Estate in Virginia, one of the largest privately held acquirers of medical real estate in the country.
Flagship will oversee property management, tenant relationships, vendor contracts, construction management, engineering, and related activities for 11 of the firm’s assets in Greater Richmond and Virginia Beach.
“We are grateful for the opportunity to serve a valuable client in Montecito Medical on the management of these properties in Virginia,” said Joseph Shull, Flagship Partner and Executive Vice President of Property Management. “With this assignment, we are able to add to our portfolio of medical buildings under management in Virginia. Also, in conjunction with this assignment, we have hired some really talented personnel in property management and engineering to support our growing operations in Virginia.”
Flagship will manage 11 Class A assets totaling more than 500,000 square feet, with a wide range of tenant uses, including Ambulatory Surgery Centers (ASCs), imaging centers, primary care providers, women’s health operators, and other specialties.
“We look forward to growing our relationship with the Flagship team in one of our core markets,” said Billy May, Montecito Executive Vice President of Asset Management.
Flagship added two full-time employees dedicated to the Montecito assignment.
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