Alamo Capital Advisors (“ACA”) worked with a San Antonio based physicians’ group to analyze, validate, and complete the business plan for the 10,649 square foot medical office development project in New Braunfels, TX. The project was originally planned as a build to suit for DaVita dialysis and was successfully completed with a sale of the fully leased building in 2021.
A review of market demographics (population, patients, insurance types) focused the physicians’ group on the I-35 corridor in New Braunfels as an ideal site to develop a medical office building.
Once under construction, ACA partnered with the physicians’ group to execute on the goal of maximizing the investors’ profit while also creating flexibility for the individual investors to reinvest their funds in other opportunities as soon as possible.
The physician partners contributed equity capital, and debt was originated from a regional bank lender. In this way, the capital structure reinforced the underlying business plan to develop and sell.
Upon completion of the building and commencement of the tenant’s lease, we reevaluated the capital markets and confirmed it was time to sell the project. A broad marketing effort resulted in a competitive bid dynamic, and the resulting sale was the final step in the successful ground up development business venture.
ACA experience may represent transactions performed at previous firms.
All information is deemed accurate, but not guaranteed.
