Bala Cynwyd, PA, November 12, 2019 – Terravet Real Estate Solutions, a real estate investment firm which focuses on veterinary operated real estate, is pleased to announce that it has acquired an additional 56,000 square feet of premiere net leased veterinary real estate spread across properties located in four premier markets (Chicagoland, Jacksonville, Pittsburgh, and Northern Virginia). The properties consist of specialty/emergency hospitals, large general practices, and a hybrid general practice/specialty facility.
“Terravet’s flexibility and deep industry knowledge allowed us to work seamlessly with a diverse group of real estate sellers with varying circumstances,” said Daniel Eisenstadt, CEO of Terravet Real Estate. “The sellers included veterinarians who sold their practices years ago and now wanted a liquidity event, a veterinarian selling his practice concurrently with the real estate, a veterinarian who sold her practice recently, and a third-party landlord with no ties to the veterinary industry.”
The properties were acquired by Terravet Real Estate’s second fund, which plans to invest committed debt and equity capital to acquire more than $200 Million in veterinary operated real estate. Terravet has an additional fifteen transactions for a total of 120,000 additional square feet under exclusivity, which are expected to close before the end of the year and early in Q1 2020.
Terravet is actively sourcing additional acquisition opportunities. For more information, please contact Peter Kilkelly at 475-355-1021.