The veterinary real estate market has undergone plenty of changes over the past several years, and it doesn’t seem to be slowing down. Whether you’re a current veterinary hospital owner looking to understand the value of your real estate or a prior owner with a third-party lease in place, it’s important to understand how your real estate is valued.
In this episode, Peter Kilkelly, Chief Development Officer of Terravet Real Estate, provides tips on developing your veterinary real estate strategic plan and how you can potentially maximize the value of your lease. Peter also shares his thoughts on maintaining the value of your real estate, how to protect yourself in the evolving veterinary lease landscape, and some key terms to have in your lease to protect the value of the asset.
Listen to the Full Episode:
What You’ll Learn In Today’s Episode:
- How veterinary real estate has changed over the years
- How real estate is valued
- The importance of knowing what terms add value to a lease
- Assessing and setting fair market value rent to maximize value
- Why you may need a triple net lease and what that means
Resources In Today’s Episode:
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Disclosure: Travis York is the owner of Three and One Vet Advisors and a partner of SignatureFD. Three and One Vet Advisors is a veterinary consulting and strategic planning firm of which SignatureFD has no involvement or ownership. James Yost is a partner and wealth adviser at SignatureFD. SignatureFD is an investment adviser registered with the U.S. Securities and Exchange Commission. Three and One Vet Advisors and SignatureFD are not affiliated. Mr. York provides all non-investment advisory services through Three and One Vet Advisors. The opinions of the guests and the contents of this podcast are intended to be educational only and should not be relied upon as investment, tax, business, or planning advice. You should consult with a professional advisor prior to taking any course of action that may impact you or your business.