BALA CYNWYD, Pa.--(BUSINESS WIRE)--Jan 27, 2025--
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.
The acquisition includes two standalone veterinary practices—Animal Medical Clinic of Peachtree City and Animal Medical Clinic of Fairburn—and a dedicated pet boarding facility, Animal Medical Clinic’s Pet Care Center & Hotel. Together, these properties span 19,649 square feet and are strategically located to support the growing suburban communities southwest of Atlanta, enhancing access to high-quality veterinary care.
“This expansion into Atlanta is an exciting step forward for Terravet, reinforcing our mission to support veterinary practices with modern, accessible facilities,” said Daniel Eisenstadt, CEO of Terravet Real Estate Solutions. “We’re proud to collaborate with Dr. Vince Obsitnik and the Animal Medical Clinic team, whose dedication to compassionate, high-quality care aligns perfectly with our values.”
The seller, Dr. Vince Obsitnik, said, “My business partners and I did an extensive investigation into options available for our veterinary properties and opted to join the Terravet REIT. We value the opportunity to diversify and enhance the value of our investment and to partner with the professional team at Terravet.”
This acquisition is part of Terravet’s REIT, which includes over 650,000 square feet of purpose-built medical facilities. Terravet REIT Inc. is committed to acquiring top-quartile, purpose-built veterinary real estate with the highest quality veterinary care. The Terravet REIT offers entrepreneurial vets the unique opportunity to diversify and increase the value of their industry real estate holdings while minimizing risk through UPREIT transactions. Across its funds and REIT entities, Terravet owns 168 properties and over 1.5 million square feet of real estate in more than 35 states.
About Terravet Real Estate Solutions
Terravet Real Estate Solutions is a real estate group that owns and manages veterinary properties and certain other healthcare properties across the United States. Terravet owns more than one million square feet of real estate in over 35 states. Terravet partners with strong veterinary and healthcare operators and provides flexible solutions including sale-leasebacks, joint ventures, and renovation and expansion programs. The Terravet team is comprised 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.
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CONTACT: Press:
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KEYWORD: PENNSYLVANIA GEORGIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE VETERINARY CONSTRUCTION & PROPERTY FINANCE HEALTH PROFESSIONAL SERVICES HEALTH INSURANCE REIT
SOURCE: Terravet Real Estate Solutions
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PUB: 01/27/2025 08:00 AM/DISC: 01/27/2025 08:02 AM
http://www.businesswire.com/news/home/20250127234300/en
