Terravet Real Estate Solutions Acquires The Real Estate of Three Veterinary Practices Near Cincinnati for $11.9M – Business Wire
BALA CYNWYD, Pa.–(BUSINESS WIRE)–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.
“Animal Care Centers’ three practices are situated on some of the most valuable real estate in the Cincinnati market, near bustling retail and heavily trafficked roads,” said Daniel Eisenstadt, CEO of Terravet Real Estate Solutions. “This makes them a great addition to Terravet’s growing portfolio and well-positioned for success to meet the demands of today’s pet owners who want exceptional care in modern facilities that are conveniently located.”
The three state-of-the-art, full-service veterinary hospitals and boarding facilities have been serving the Fairfield, Forest Park, and Blue Ash communities for over 40 years. Their veterinarians have been awarded “Best Veterinarians in Cincinnati” 11 times. Across all three locations, the centers offer numerous veterinary and emergency services including radiology, surgery, dental, behavioral therapy, grooming, and daycare. With 15 quality veterinarians and over 100 technicians, Animal Care Centers are committed to providing the highest level of veterinary medicine to their patients.
About Terravet Real Estate Solutions
Terravet Real Estate Solutions is an internally managed real estate group that invests in, develops, and operates veterinary and other healthcare real estate throughout the United States. Terravet owns approximately 1 million square feet of veterinary and healthcare real estate located in more than 35 states. Terravet partners with strong veterinary and healthcare operators to provide flexible solutions including sale-leasebacks, joint ventures, and renovation and expansion programs. The Terravet team is composed of real estate, finance, and operating professionals and brings decades of expertise to the transactions it leads. Terravet is committed to improving health by channeling resources and knowledge to the facilities where care is delivered and to those who deliver the care. For more information, please visit www.terravetrealestate.com.