US veterinary and healthcare real estate investment trust (REIT) Terravet REIT has secured a $35m (€30.6m) investment from Sculptor Capital Management’s diversified property trust which will be used to reduce debt.
The investment from Sculptor Diversified REIT will enable Terravet REIT to reduce its debt, giving it the flexibility to pursue an acquisition pipeline and scale its platform.
Steven Orbuch, founder and president of Sculptor Real Estate, said: “Sculptor brings deep experience supporting scaled real estate platforms across sectors that are resilient and essential. We’re thrilled to partner with a leader in the veterinary real estate space and support their growing portfolio.”
Daniel Eisenstadt, CEO of Terravet Real Estate Solutions and Terravet REIT, said: “We’re seeing increased interest from sellers of purpose-built veterinary real estate in major markets across the country.
“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.”
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