Bala Cynwyd, PA, December 11, 2018 – Terravet Real Estate Solutions, a real estate group which focuses on the acquisition of veterinary operated real estate, recently acquired the Deer Run Medical Center real estate in Midlothian, Virginia.
The 10,000 sq. ft. two tenant property is leased to Virginia Veterinary Surgery Associates, a subsidiary of BluePearl, and Animal Medical Center, a 24-hour emergency and critical care practice recently acquired by Southern Veterinary Partners. “Terravet is pleased to acquire this stabilized asset located in a rapidly growing retail corridor with outstanding demographics. The acquisition is a perfect example of the type of property that Terravet acquires and the types of veterinary operators with whom Terravet looks to partner with as tenants,” said Daniel Eisenstadt, founder and CEO of Terravet Real Estate Solutions.
The property was acquired from the former owner of the 24-hour emergency practice shortly after the practice operations were sold to Southern Veterinary Partners. The Deer Run property was acquired by Terravet Real Estate’s Fund II, which plans to invest committed debt and equity capital to acquire approximately $225 million in veterinary operated real estate.