AUSTIN, Jan. 6, 2026 –  JLL Capital Markets announced today that it has arranged the sale of Highland Ventures HVP Net Lease Portfolio, an 18-property veterinary clinic portfolio spanning 10 states.

JLL worked on behalf of the seller, Highland Ventures and its Legacy Commercial Property division. Legacy Commercial property is the nation’s leader in convenience retail with more than 700 properties nationally. Highland Ventures is a fourth-generation family business based in Nashville, Tennessee.

The portfolio comprises 101,942 square feet of freestanding veterinary clinics across Florida, Georgia, Illinois, Indiana, Louisiana, Missouri, North Carolina, Tennessee, Texas and Wisconsin. The properties are 100% leased to Heartland Veterinary Partners, a leading private equity-owned veterinary support organization with over 300 locations across the United States.

The transaction generated strong interest from a wide variety of capital sources including healthcare-focused investors, net lease institutional investors and private capital/family offices, all of which are bullish on the veterinary services industry.

JLL Capital Market’s Investment Sales and Advisory team was led by Senior Director Kirby Hayes, Director Josh Katlin, Senior Managing Director Alex Sharrin and Analyst Gerard Smith. Additionally, Richard Reid and Jaime Fink assisted as brokers of record.

"This transaction showcased the strong institutional demand for high-quality veterinary real estate backed by a market-leading operator," said Hayes. "The portfolio's geographic diversification and corporate guarantee from Heartland Veterinary Partners made it an attractive opportunity for net lease investors."

"This complex portfolio transaction required close collaboration between the seller, buyer and tenant to structure a solution that achieved all parties’ objectives," added Katlin. "Highland Ventures was extremely pleased with the outcome, and we are thrilled to have represented Highland in successfully navigating this disposition."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

Highland Ventures is a family-owned, national venture management company. It currently operates several brands in its portfolio. Legacy Commercial Property, the nation’s convenience retail leader, holds more than 700 properties and is the retail development leader in the mid-west and sunbelt. Hoogland Restaurant Group is the nation’s largest franchisee of Marcos Pizza, operating more than 120 locations. Intune Physical Therapy is Highlands growing physical therapy platform, focused on delivering individualized patient care. These companies are all governed by Highland’s mission to grow – people, communities and businesses.