Terravet Real Estate Solutions Announces Partnership With The Pritzker Organization
CHICAGO--(BUSINESS WIRE)--Sep 7, 2018--Terravet Real Estate Solutions (“Terravet”) announced today that Tom Pritzker Family Business Interests advised by The Pritzker Organization, LLC, (“TPO”) invested in Terravet’s second fund as a lead limited partner and also made a noncontrol, growth investment in Terravet’s management company.
“The opportunity to partner with The Pritzker Organization is a game-changer for us,” said Daniel Eisenstadt, chairman and CEO of Terravet Real Estate Solutions. “TPO’s team brings us decades of real estate, operational and investment experience. We look forward to working with The Pritzker Organization as we invest this fund and future funds. Along with TPO, we are thrilled to be working with a very strong group of mostly family office investors to support our long-term ambitions to partner with the best veterinary operators to solve their expanding real estate needs.”
“Terravet’s focus on acquiring and developing leading veterinary facilities will lead to long-lasting partnerships with high-quality veterinary operators. We think Daniel and his team have created a differentiated model and have a long growth runway ahead of them,” said Joseph Gleberman, managing director at TPO.
About Terravet Real Estate Solutions
Terravet Real Estate Solutions is an internally managed real estate group that owns and manages numerous veterinary properties across the United States. Terravet is currently investing out of its second fund and expects to build a portfolio of veterinary real estate valued in excess of $500 million in the coming years. Terravet partners with operators and owners of veterinary practices and hospitals by acquiring, renovating and/or expanding existing veterinary facilities, while entering into long-term leases with veterinary practice owners. www.terravetrealestate.com
About The Pritzker Organization
The Pritzker Organization is the merchant bank for the business interests of certain members of the Pritzker family. TPO is focused on partnering with exceptional leaders to create value across a wide range of industries. TPO looks for opportunities to create value for the Pritzker family’s business interests, its partners and its stakeholders over a long-term time horizon. For more than 60 years, TPO has overseen and guided the development of dozens of portfolio companies across a wide variety of industries, including manufacturing, logistics, life sciences, hospitality, health care and services. Notable businesses include Hyatt Hotels, Triton Container and the Marmon Group. Recent control investments include TMS International, Lithko Contracting and Hargray Communications Group. In addition to its core strategy of building long-term businesses, Tom Pritzker’s Family Business Interests are also active in special situations, deploying capital across a wide spectrum of industries and across every tier of the balance sheet, from senior debt to equity. Additional information can be found at www.pritzkerorg.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180907005390/en/
CONTACT: For Terravet Real Estate Solutions
Cole Miracle, 615-259-4000
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS
INDUSTRY KEYWORD: HEALTH HOSPITALS REIT CONSTRUCTION & PROPERTY VETERINARY
SOURCE: Terravet Real Estate Solutions
Copyright Business Wire 2018.
PUB: 09/07/2018 12:49 PM/DISC: 09/07/2018 12:49 PM