YOUR LONG-TERM REAL ESTATE PARTNER
Committed to adding value to growing healthcare practices.
WHO WE ARE
Keeper Bay is a strategic real estate partner to multi-site healthcare businesses and their affiliated clinicians, with significant experience partnering with veterinarian and dental providers.
A Keeper Bay partnership unlocks value and operational efficiencies for multi-site healthcare businesses by providing a single-point-of-contact real estate solution and a commitment to growth (whether through expansions, renovations, or new builds).
We are an experienced team of real estate professionals dedicated to partnering with premier healthcare providers looking for best-in-class real estate solutions.
A Letter from Our President
My father is a veterinarian. He is also my best friend. I worked at his clinic as a kennel tech my entire childhood but, for whatever reason, never wanted to be a veterinarian. Maybe it was too many tech baths? Maybe I had to shovel too much “you know what”? Whatever the reason, for as long as I can remember I always wanted to work in real estate and not veterinary medicine. Life has a funny way of working out…
I started working for a real estate acquisitions company after grad school, focused on acquiring multifamily apartment buildings in Chicago. The entrepreneur in me started buying some of the smaller apartment buildings that my employer was not interested in.
Once I had a few of my own properties under my belt, I left to start my own real estate company. It was then that my father asked me to manage his practice while I grew my real estate company alongside. Long story short – I’ve been doing both for the past four years, sharing a closet with my father as our office. Not a week has gone by where we haven’t laughed or screamed at one another.
It was about a year after I was doing both practice management and multifamily real esate investing when it hit me that I should start looking at veterinary real estate. I figured that I knew how the operations worked and I liked the tenants. It also made me feel like I was working in the “family business”. Sure, I wasn’t a veterinarian, but I was investing in properties and communities where veterinarians like my father got to practice medicine each day. “My father is a veterinarian” I typically say to a practice manager, beaming with pride when I show up on site with my handyman to inspect a leak or fix a pothole.
When I met David, my business partner, and realized that we not only shared the same vision, but also that he provided extraordinarily patient and long term capital, I knew it was time to focus my efforts full time on growing the real estate business.
I have acquired 14 veterinary properties to date, ranging in purchase price from $750k to $3.1M, and am under contract on a few more currently. I don’t think I’ve acquired that many by low balling anyone. I understand it has to be fair and equitable for both sides or there simply won’t be a deal. I’m not looking to flip deals or institutionalize anything. I love the veterinary business. I have been around the business my whole life. I also love real estate and, now that I have transitioned away from practice management to focus full time on my real estate business, I want to build a very large diversified portfolio of veterinary properties that I intend to hold and manage over the course of the next 30 years.
Maybe it’s simply because we all need to do something and I convinced myself early on that I love being a Landlord. Maybe it’s because acquiring these assets make me think about my dad. The truth is, it’s probably a little bit of both. Either way, I look forward to continuing to build the portfolio.
Keeper Bay
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We are the buyer. Just us.
We are a knowledgeable team that is completely dedicated to veterinary real estate.
We are long-term investors.
We are committed to carrying on the legacy of previous owners while building a large scale portfolio of veterinary real estate using our own capital.
Relationships matter.
We are dedicated to providing exceptional service to our tenants.
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SELLING
Determining the value of a veterinary property is more than looking at local rent and sales comps. With over 20 years of experience in both the real estate and veterinary spaces, the Terravet team has the industry knowledge to analyze your practice properly and pay fair value for the real estate.
VETERINARY LEASES
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