Harpeth Capital Serves as Financial Advisor to Montecito Medical
Harpeth Capital is pleased to announce that Montecito Medical Real Estate, one of the nation’s largest privately-held companies specializing in healthcare-related real estate acquisitions and funding the development of medical real estate, has received a $50 million mezzanine loan commitment from National Health Investors, Inc. (NYSE:NHI). The commitment will be used to continue Montecito Medical’s activities to acquire medical office buildings anchored by dominant physician groups and health systems throughout the country. Harpeth Capital initiated the transaction and served as financial advisor to Montecito Medical.
Said Chip Conk, Co-Founder and CEO of Montecito Medical, “We are very excited to have the support of NHI to further differentiate us as a premier acquiror when we engage with potential sellers. Furthermore, we greatly appreciate our long-term relationship with Harpeth Capital and their continued assistance with identifying financial partners to continue the growth of our portfolio.”
Commenting on the transaction, Harpeth Capital President Chuck Byrge said, “We have had the privilege of working with Montecito Medical on their prior two equity investment funds and now on this mezzanine raise. They are best-in-class in the space and we appreciate the opportunity to be associated with their success.”