Articles from Terravet Real Estate Solutions

Terravet Real Estate Solutions, a leading real estate group specializing in veterinary properties, helped finance and develop a new location for The Hernando Animal Clinic & Surgery Center in Hernando, Mississippi. The newly opened clinic more than triples the practice’s previous 2,500-square-foot footprint at its prior location and positions it to meet growing demand for veterinary services in the region.

Terravet Real Estate Solutions, a leading real estate group specializing in veterinary properties, has completed the $4.825 million acquisition and conversion of a former brewery in Tukwila, Washington, into veterinary space in partnership with BluePearl Pet Hospital Renton. The redeveloped facility expands BluePearl's emergency and specialty care services in the Seattle-Tacoma-Bellevue metropolitan area.

Terravet REIT, Inc., managed by Terravet Real Estate Solutions, a leading real estate group specializing in single tenant, net leased veterinary and niche medical properties, has secured a $35 million preferred equity investment from Sculptor Diversified REIT, an affiliate of Sculptor Capital Management, Inc. (“Sculptor”), a leading global alternative asset manager with approximately $35 billion in assets under management. KeyBanc Capital Markets served as the Sole Placement Agent for the transaction, facilitating a competitive process that attracted significant institutional interest. Proceeds from the investment were used to reduce debt, providing ample flexibility for Terravet REIT to execute an active acquisition pipeline and further scale the platform.

Terravet Real Estate Solutions, a leading real estate group specializing in veterinary properties, has expanded into the Atlanta metro area with a $5.37 million acquisition of three premier veterinary and pet care facilities in Peachtree City and Fairburn, Georgia. This strategic investment marks a significant milestone for Terravet, expanding its footprint into one of the Southeast’s most dynamic and rapidly growing regions.

Terravet Real Estate Solutions, a leading real estate group focused on veterinary real estate, announced the conversion of a former furniture store into a 31,000-square-foot Veterinary Specialty Hospital facility outside of Sacramento in Roseville, California. Terravet invested a total of $14.5 million to buy the building and retrofit the space, with an additional investment from Ethos Veterinary Health.

Terravet Real Estate Solutions, a leading real estate group focused on veterinary practice real estate, today announced the launch of Terravet REIT, Inc., the company’s first private real estate investment trust (“REIT”). Terravet REIT, Inc. will provide owners of veterinary real estate an opportunity to diversify their real estate holdings by participating in a pool that is expected to scale to several hundred large general practice facilities and specialty/emergency veterinary hospital facilities nationwide.

Terravet Real Estate Solutions, a leading real estate group focused on veterinary real estate, announced today it has acquired the real estate of the Animal Care Centers at Reed Hartman, Forest Park, and Fairfield for $11.9 million. The three practices total 44,428 square feet and are located just north of downtown Cincinnati, Ohio.

Terravet Real Estate Solutions, a leading real estate group focused on veterinary real estate, announced today it has acquired the Pittsburgh Veterinary Specialty and Emergency Center (PVSEC) real estate for $22.6 million. The PVSEC real estate is comprised of two veterinary hospital buildings totaling over 48,000 square feet. This acquisition brings Terravet’s total portfolio to approximately one million square feet and approximately 70,000 square feet in the Pittsburgh market.

Terravet Real Estate Solutions, a leading real estate group focused on veterinary real estate, today announced the promotion of Dan Feinberg to President. In this new role, Feinberg will be responsible for leading the valuation and underwriting as well as the transaction and due diligence on all properties Terravet acquires.