BALA CYNWYD, Pa.--(BUSINESS WIRE)--

Terravet Real Estate Solutions, a leading real estate group specializing in veterinary properties, has completed its $7.75 million acquisition of Eastern Animal Hospital in Baltimore, adding another purpose-built facility to its portfolio.

The 16,433-square-foot property is home to one of the top general practice veterinary clinics in the greater Baltimore area. In addition to urgent and emergency care, the practice provides dentistry, behavioral medicine, diagnostics, laboratory services, and has an on-site pharmacy.

"It's rare to find a facility this well designed, this well located, and backed by such a high-performing practice," said Daniel Eisenstadt, CEO of Terravet. "Eastern Animal Hospital raises the bar for what veterinary real estate can look like in an urban setting and represents exactly the kind of long-term, value-driven property we aim to hold."

The facility's versatile layout accommodates clinical and non-medical services and allows for future expansion, and its high-visibility location, in a dense urban corridor at 6575 Eastern Ave., is easily accessible to pet owners throughout the city and surrounding area.

Built in 2019 by Whiting-Turner Contracting, Eastern Animal Hospital's construction quality and design features are consistent with the contractor's broader portfolio. That includes projects such as the Kennedy Space Center Visitor Complex, the Marine Forces Special Operations Command headquarters at Camp Lejeune, the University of Virginia's Rotunda, and Under Armour's Baltimore headquarters.

Eastern Animal Hospital is now part of Terravet's REIT, a private real estate investment trust that includes more than 650,000 square feet of purpose-built medical facilities. The REIT, which focuses on acquiring top-quartile properties that support high-quality care, offers practice owners a way to exchange their real estate for diversified shares that provide long-term stability and reduced risk through tax-deferred UPREIT transactions.

This latest transaction follows Terravet's recent acquisitions in California, Georgia, Mississippi, and Washington, and it continues the company's emphasis on securing geographically relevant veterinary real estate that supports operational durability and long-term value. With this purchase, Terravet owns and manages more than 1.5 million square feet of veterinary real estate nationwide.

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 1.5 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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Source: Terravet Real Estate Solutions