Montecito Acquires DaVita Building in Albuquerque

Montecito Medical Real Estate, a premier owner of medical office buildings throughout the U.S., has acquired the newly constructed DaVita Medical Group clinic in Albuquerque, N.M. Formerly known as ABQ Health Partners, DaVita Medical Group is one of the area's largest multi-specialty medical groups and is a division of DaVita, Inc. (NYSE:DVA), a leading provider of kidney-care services in the United States.

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Sunport Healthcare Center in Albuquerque, N.M. (Photo: Business Wire)

The 85,000-square-foot flagship Sunport Healthcare Center not only incorporates patient-centered design elements like soothing colors and music, but also features WELL Building Standards intended to promote healthy lifestyles for occupants.

For instance, in addition to the revolutionary floor plan with high ceilings, non-glare windows that maximize daylight, and a landscaped courtyard, the building offers scenic views from a spacious, inviting staircase to motivate people to be active. The 150 "teammates" who work in the building will enjoy a fitness area with locker rooms and showers; sit-stand desks in working spaces; and break rooms that double as gathering places with healthy-eating options.

“The innovative design of this new building incorporates DaVita's 'Trilogy of Care' and our approach of 'A Community First and A Company Second,'" said Arthur Richey, Senior Director of Development for DDP Team Genesis, of DaVita, Inc. "It fosters a positive relationship between doctors and their patients, which we believe is the key to great healthcare."

The two-story facility on nearly nine acres near the Albuquerque International Sunport boasts a radiology department with state-of-the-art ultrasound, CT and MRI imaging equipment and features the conveniences of a retail pharmacy and a café. In addition to a skin-care clinic and infusion therapy center, specialty providers include dermatologists, neurologists, pediatricians, podiatrists, rheumatologists and radiologists.

“We are thrilled to have worked with DaVita, Inc., a leading healthcare provider and consistently named by FORTUNE Magazine as one of the World’s Most Admired Companies,” said Chip Conk, CEO of Montecito Medical. “This asset complements our growing portfolio perfectly and we look forward to working with DaVita on other opportunities as they continue to grow their services throughout the U.S.”

Including the new DaVita building, Montecito Medical has acquired 30 medical office buildings since early 2015, representing more than $400 million and 1.46 million square feet.

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