Flagship Healthcare Properties Expands Management Portfolio with Montecito
Flagship Healthcare Properties Partners with Montecito Medical Real Estate
Flagship Healthcare Properties (Flagship) is proud to announce a significant agreement with Montecito Medical Real Estate, a leading player in the healthcare real estate sector. This partnership involves the management of 11 medical office buildings and ambulatory surgery centers. Flagship's expertise in property management will play a vital role in this collaboration.
Details of the Agreement
Under this new partnership, Flagship will offer full-scale property management services across multiple facilities. The properties are located in vibrant and strategic markets, benefitting from Flagship's comprehensive management capabilities. The assets include over 500,000 square feet of Class A medical facilities, featuring a variety of tenant types such as ambulatory surgery centers, imaging centers, and primary care providers.
Commitment to Excellence
Joseph Shull, Flagship Partner and Executive Vice President of Property Management, expressed enthusiasm about the agreement, stating, "We are grateful for the opportunity to serve a valuable client in Montecito Medical on the management of these properties. This collaboration enables us to enhance our portfolio in the healthcare sector significantly. Furthermore, we have added expert personnel in property management and engineering to support our growing operations, ensuring quality and efficiency in our management processes."
Expanding Operations and Workforce
As part of this agreement, Flagship has dedicated resources to meet the needs of Montecito. The addition of two full-time employees reinforces Flagship's commitment to providing superior management services, showcasing its strategy to expand its presence in the healthcare real estate market.
Statement from Montecito Medical Real Estate
Montecito’s Executive Vice President of Asset Management, Billy May, remarked, "We look forward to growing our relationship with the Flagship team in one of our core markets. Their expertise is invaluable to the success of our properties as we continue to enhance our service offerings in healthcare real estate." This kind of forward-thinking partnership reflects the increasing demand for specialized management in the healthcare sector.
Flagship Healthcare Properties Overview
Flagship Healthcare Properties, LLC is a fully integrated outpatient healthcare real estate firm catering to clients nationwide. Operating from its Charlotte, North Carolina headquarters, Flagship delivers a wide array of services, including acquisitions, development, leasing, and asset management. Managing approximately 8.4 million square feet of healthcare real estate across over 385 properties, Flagship plays a vital role in serving the needs of more than 765 tenants.
About Montecito Medical Real Estate
Montecito Medical Real Estate is recognized as one of the largest private owners and operators of healthcare real estate, focusing on the acquisition and management of outpatient healthcare properties. With a vast portfolio that includes over 350 assets across numerous states, Montecito demonstrates a robust investment strategy with substantial transaction volumes in medical office real estate.
Frequently Asked Questions
What is the focus of Flagship Healthcare Properties?
Flagship Healthcare Properties specializes in outpatient healthcare real estate management, offering comprehensive services across various facilities.
How many properties will Flagship manage for Montecito?
Flagship will manage a total of 11 medical office buildings and ambulatory surgery centers as part of this agreement.
Where is Flagship Healthcare Properties based?
The headquarters of Flagship Healthcare Properties is located in Charlotte, North Carolina.
What types of tenants will occupy the facilities managed by Flagship?
The properties will host a range of tenants, including ambulatory surgery centers, imaging centers, primary care providers, and various specialists.
Who is the key contact for media inquiries at Flagship?
The media contact for Flagship is Rachel Sutherland, available via email at rachel@rachelsutherland.net or by phone at 704-287-8642.
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