Clarity Ventures Group, an affiliate of Montecito Medical Real Estate, was formed to target alternative real estate investments beyond medical office assets. The thesis of the Veterinary Fund is to focus on a medical specialty that has proven to be resilient across different economic conditions as pet ownership in the U.S. continues to grow. Two acquisitions have been completed thus far, and the pipeline remains active including real estate associated with large multi-specialty veterinary practices, animal hospitals, and boarding/daycare facilities.

“We are very excited to partner with dominant pet healthcare providers and build a portfolio of what we believe to be an underappreciated asset class that is gaining attention among both individual and institutional investors,” said Chip Conk, Founder and CEO of Montecito Medical. “We are appreciative of Harpeth Capital's partnership and insights as Montecito continues to develop exciting investment opportunities and broaden our scope within income-producing real estate.”

Chuck Byrge, CEO of Harpeth Capital, said, “The Veterinary Fund marks our fourth successful collaboration with Montecito. Given their track record, we were not surprised by investor interest with the fund quickly hitting its hard cap. We look forward to future opportunities to represent Montecito and the team."

Based in Nashville, Montecito Medical is one of the nation's largest privately-held companies specializing in healthcare-related real estate acquisitions and funding the development of medical real estate. Since 2005, the firm has completed over $5 billion in medical real estate transactions.