BALA CYNWYD, Pa.–(BUSINESS WIRE)–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.
“We’re seeing increased interest from sellers of purpose-built veterinary real estate in major markets across the country,” said Daniel Eisenstadt, CEO of Terravet Real Estate Solutions and Terravet REIT, Inc. “Sculptor’s investment reflects confidence in our strong track record in the sector and growing pipeline. With an institutional partner in place, we’re well-positioned to act decisively on opportunities that align with our long-term goals.”
Terravet’s REIT, which includes more than 650,000 square feet of purpose-built medical facilities, is committed to acquiring top-quartile, purpose-built veterinary and niche medical real estate that enables the delivery of high-quality veterinary care. Terravet REIT offers entrepreneurial veterinarians and doctors the unique opportunity to diversify their real estate holdings while minimizing risk through UPREIT transactions. Across its funds and REIT entities, Terravet owns more than 150 properties and more than 1.5 million square feet of real estate in more than 35 states.
“Sculptor brings deep experience supporting scaled real estate platforms across sectors that are resilient and essential,” said Steven Orbuch, Founder and President of Sculptor Real Estate. “We’re thrilled to partner with a leader in the veterinary real estate space and support their growing portfolio.”
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.
About Sculptor
Sculptor is a leading global alternative asset manager and a specialist in opportunistic investing. For over 30 years, the firm has pursued consistent outperformance by building an operating model and culture which balance the ability to act swiftly on market opportunity with rigorous diligence that minimizes risk. The success of Sculptor’s model is driven by a global team that is predominantly home-grown, long tenured and incentivized to put client outcomes first. With offices in New York, London, Hong Kong, and Shanghai, the firm invests across credit, real estate and multi-strategy platforms in all major geographies. As of March 31, 2025, Sculptor had approximately $35 billion in assets under management. For more information, please visit (www.sculptor.com).
Contacts
Press Contact:
Gregory FCA
Britni Ackrivo
484-504-9920
backrivo@gregoryfca.com
