Bala Cynwyd, PA, December 9, 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 34,000 square feet of premiere net leased veterinary real estate spread across properties located in three premier markets (Northern New Jersey, Las Vegas, Massachusetts). The properties consist of general practices as well as a prominent emergency hospital/boarding facility.
“Terravet was again able to leverage our knowledge and industry relationships to acquire assets with diverse selling circumstances,” said Daniel Eisenstadt, CEO of Terravet Real Estate. “Each asset we added over the last 30 days had a different story behind it, including referrals from prior sellers, referrals from corporate groups of existing landlords, and sellers who tapped into Terravet’s industry knowledge to help navigate lease negotiations while securing top dollar for their veterinary real estate.”
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 twelve properties under exclusivity to close by early Q1 that will bring its portfolio of veterinary real estate to over 400,000 sq. ft.
Terravet is actively sourcing additional acquisition opportunities. For more information, please contact Peter Kilkelly at 475-355-1021.