Highland Ventures Sells Heartland Express Veterinary Portfolio, Highlighting Growing Investment Demand

Strategic Expansion in the Veterinary Sector: Highland Ventures Sells Heartland Veterinary Partners Portfolio

Highland Ventures recently sells its Heartland Veterinary Partners Net Lease Portfolio, comprising 18 veterinary clinic properties across 10 states and totaling 101,942 square feet. This transaction, executed with the assistance of JLL Capital Markets, garners significant attention from a diverse range of investors, particularly those focused on healthcare and institutional net lease opportunities. The portfolio's appeal lies in its geographic diversification and the robust long-term tenancy agreements with Heartland Veterinary Partners, which operates as a prominent veterinary support organization with over 300 locations nationwide.

The successful sale underscores the growing demand for high-quality commercial assets within the veterinary services sector. As consumers increasingly prioritize pet care, the stability provided by long-term leases with reputable operators like Heartland Veterinary Partners positions these properties as attractive investments. Ben Hoogland, Vice President of Highland Ventures, highlights the collaboration with JLL as instrumental in driving interest and securing a favorable outcome, reaffirming the strategic importance of scaling their Legacy Commercial Property platform for future growth. The partnership enhances the visibility of the portfolio, which is recognized for its institutional quality, attracting a broad spectrum of investors eager to enter this resilient market.

Highland Ventures, a fourth-generation family-owned business headquartered in Nashville, Tennessee, is known for its disciplined approach to property management and long-term value creation. With its Legacy Commercial Property division leading the nation in convenience retail, managing over 700 properties, the company is well-positioned to capitalize on emerging opportunities in the veterinary services market. The sale of the Heartland Veterinary Partners portfolio not only reflects a successful transaction but also signifies Highland Ventures' ongoing commitment to fostering growth across its various business ventures, including its restaurant and physical therapy operations.

In addition to its real estate endeavors, Highland Ventures operates several other brands, including the Hoogland Restaurant Group, the largest franchisee of Marco's Pizza, with more than 120 locations, and Intune Physical Therapy, which emphasizes personalized patient care. These diversified interests reinforce Highland's mission to develop and support its businesses while enhancing its reputation as a leader in retail development throughout the Midwest and Sunbelt regions.