Montecito Medical Acquires Specialty Medical Property in Richmond

FOR IMMEDIATE RELEASE

Nashville, Tenn. - Montecito Medical, one of the nation's most active investors in medical office real estate, has acquired a specialty medical outpatient property in Richmond, Virginia

The 14,647-SF property is fully occupied under long-term lease by DaVita Dialysis and Richmond Nephrology Associates

"We are thrilled to acquire this property, which involves two leading providers and serves as a critical specialty-care hub for dialysis and nephrology services and creates an integrated referral dynamic that reinforces patient continuity with operational durability," said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical.

DaVita is a publicly traded, national kidney care provider operating approximately 3,000 dialysis clinics with over 70,000 employees nationwide. Richmond Nephrology Associates is a private, physician-led nephrology practice with more than 20 physicians delivering care across five clinic locations. The group has served the market area for more than four decades.

The acquisition is Montecito's second in Richmond in 2026.

"Over the years, we have established a very large real estate investment footprint in the Richmond area," said Chip Conk, CEO of Montecito Medical. "Richmond remains an important target market for us because of the excellent fundamentals we see here and the sheer number of attractive opportunities to partner with provider organizations as they develop and execute their growth strategies."

About Montecito Medical
Montecito Medical is one of the nation's largest privately held companies specializing in medical and veterinary real estate acquisitions and partnering with providers and developers to fund the development of new properties. 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 has completed more than $6.5 billion in medical and veterinary real estate transactions. Headquartered in Nashville, TN, the company has consistently been named as a "key influencer in healthcare real estate" by GlobeSt.com and the editors of Real Estate Forum.