The veterinary industry is experiencing major transformation, and one of the key decisions vets face is how best to dispose of their property. Selling or keeping it may have long-term ramifications on retirement planning; at Terravet Real Estate Solutions we have over ten years of experience collaborating with operators to make sound real estate decisions.
Recently, Terravet and its veterinarian partners launched the inaugural private real estate investment trust (REIT) focused specifically on veterinary properties: Terravet REIT Inc. This unique REIT provides an alternative solution to owners of large general practices or specialty/emergency hospital buildings who must decide between selling or holding real estate assets.
Increased pet ownership and advancements in veterinary medicine have generated an increased need for veterinary services, but their ownership does not align well with real estate that houses them – drawing little investor interest and leading terravet real estate solutions into being.
Terravet owns and operates veterinary real estate across the United States. Their strategy involves investing in purpose-built or well-converted veterinary buildings located both suburban and urban areas that house established practices with strong track records of operation and reputations for success.
Additionally, this company operates an active REIT platform, allowing investors to diversify their portfolios with exposure to veterinary healthcare assets. At present, this REIT specializes in high-quality veterinary buildings valued at an average of more than $2.5 million each.
Terravet Real Estate Solutions recently expanded their footprint in one of the nation’s most dynamic and fast-growing markets by purchasing two veterinary hospitals located within Pittsburgh’s metropolitan area. This acquisition brought their total veterinary properties nationwide up to over one million square feet.
Terravet will expand their operating platform into the northeast with this acquisition, adding scale and synergies in an area where their investments already exist. Furthermore, as veterinary healthcare tenants continue to experience rapid expansion nationwide and create significant demands for space solutions providers like Terravet to meet these space requirements and facilitate growth, real estate solutions companies such as Terravet are increasingly turning to them to meet these space demands while supporting growth.
Aisha Sladek is an experienced commercial real estate professional, having acquired and dispersed more than 1 billion square feet. She excels at valuation and underwriting, transaction management, lease administration contract administration trend analysis asset management accounting. A graduate of Villanova University she also holds a B.S. from Middlebury College.
Prior to joining Terravet, Aisha worked for Brixmor, a publicly-traded REIT that operates one of the largest portfolios of open-air shopping centers in the US. She brings with her an in-depth background in valuation and underwriting of retail real estate with particular expertise in veterinary retail real estate valuation and underwriting. Aisha has assisted veterinary practice owners in both selling and purchasing their real estate through negotiations for sales documents, financing agreements, acquisition/disposition due diligence reports, as well as reporting.