BALA CYNWYD, PA — Terravet Real Estate Solutions has completed its $7.75 million purchase of Eastern Animal Hospital in Baltimore, adding a prominent veterinary facility to its growing portfolio of purpose-built medical properties.
The 16,433-square-foot building, located at 6575 Eastern Ave., houses one of the city’s leading general practice clinics, which also provides urgent and emergency care, dentistry, diagnostics, behavioral medicine, and pharmacy services. Built in 2019 by Whiting-Turner Contracting, the hospital was designed to meet the specific needs of veterinary care while allowing for future expansion.
“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 hospital sits in a dense urban corridor, giving it visibility and easy access for pet owners throughout Baltimore and surrounding communities. Its design integrates clinical, diagnostic, and non-medical functions, making it adaptable to evolving practice needs.
Eastern Animal Hospital is now part of Terravet’s private real estate investment trust (REIT), which manages more than 650,000 square feet of veterinary and medical facilities nationwide. The REIT enables veterinary practice owners to exchange their properties for diversified shares through UPREIT transactions, a tax-deferred structure that offers long-term stability and reduced risk.
Terravet’s strategy focuses on acquiring top-tier facilities that support high-quality animal care, further cementing its role in the specialized niche of veterinary real estate investment.
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