Lexington Realty Buys $53M Portfolio of Vet Offices

Source:  CPE

Lexington Realty Trust, of New York, has bought, for $52.6 million, a pack of 10 clinics operated by BluePearl Veterinary Partners, the nation’s leading 24-hour emergency pet care provider, Stan Johnson Co., Tulsa, Okla., which represented both parties in the sale-leaseback, announced Friday. The cross-collateralized, long-term master lease covers more than 139,000 square feet of emergency care medical space and administrative offices. The 10 properties, which include one under ...

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