Matthews™ Successfully Executes Institutional Veterinary Portfolio Sale Across High-Growth U.S. Markets

NASHVILLE, TN—Matthews™, a commercial real estate investment services and technology firm, represented the seller in the disposition of a multi-state veterinary portfolio. Matthews™ Executive Vice President & Senior Directors Michael Moreno and Rahul Chhajed, Senior Vice President & Director Andrew Evans, and Vice President & Director Tyler Swade facilitated the transaction.

The portfolio consists of five veterinary hospitals totaling 95,092 square feet across multiple high-growth U.S. markets. Each property is leased to nationally recognized veterinary operators, including National Veterinary Associates (NVA) and BluePearl Pet Hospital, under long-term NNN lease structures. The portfolio features a weighted average lease term of 8.3 years and contractual annual rent increases ranging from 2% to 3%, providing stable, long-term cash flow.

“This was an institutional-quality portfolio distinguished by its scale and supported by best-in-class operators, presenting the buyer with a compelling investment opportunity,” Moreno said.

Montecito Medical, the seller and longtime Matthews™ client, engaged the healthcare division to explore an off-market disposition opportunity. The Matthews™ agents leveraged their deep industry relationships to source a qualified institutional buyer for the disposition. This strategic approach, utilizing an existing relationship with a trusted investor, resulted in a competitive sale price for the seller despite a volatile capital market environment. Leveraging its extensive network of institutional investors and deep relationships within the veterinary real estate sector, Matthews™ sourced a repeat buyer capable of delivering competitive pricing.

“This particular transaction underscores the continued strength of the veterinary real estate sector and the importance of deep client relationships,” Chhajed said. “By leveraging our extensive network, we were able to bring a sophisticated buyer to the table, ensuring a fantastic outcome for our long-time client. This deal further solidifies our position as a national leader in veterinary investment sales.”

For more information, please contact Michael Moreno, Rahul Chhajed, Andrew Evans, and Tyler Swade, or visit www.matthews.com.

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.