In 2021, more than 23 million Americans adopted pets. A year later, the total annual spending on veterinary care has reached record highs. This increased demand comes on the heels of a decade during which institutional investors, including private equity funds, pumped billions into veterinary practices. Both trends have impacted veterinary practice operations in many ways, and both will continue to affect the sector for years to come. Notwithstanding the pace of change in the veterinary sector, mostveterinary real estate continues to be owned by veterinarians. As the veterinary sector continues to evolve within the current volatile economic environment, veterinary real estate owners often find themselves considering alternative ways to manage their properties.
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