SAN ANTONIO (June 4, 2014) – CBRE represents San Antonio-based Alternivest Healthcare in the purchase of approximately 30 acres in New Braunfels, Texas. The site will be master-developed as an age-in-place destination, with plans to include a medical office building, skilled nursing facility, and assisted living/memory care. The medical office building will be known as The Health Commons.
The property is located at the southeast corner of FM 306 (Barbarosa Road) and FM 1101 across the street from Tenet Healthcare’s Resolute Health Hospital, which will open next month.
“Proximity to Resolute was key as we coordinate development activities, such as design and connectivity,” said Scott Herbold, a First Vice President with CBRE. “This parcel also contains significant frontage on two roads that will undergo transformations over the next year, including road expansions and traffic signals; and it will also capture inbound traffic from Seguin.”
In creating a medically-integrated lifestyle community, we’re planning to leverage the wisdom and experience of our physician partners in co-locating residential and healthcare delivery concepts that make sense,” said Alternivest CEO David Komet. “Core concepts such as healthy buildings, renewable and new energy technologies, water conservation, mindfulness about carbon footprint and low impact development approaches all underpin a philosophy that says ‘buildings where healing takes place should be healthy buildings!’ The Health Commons campus will seek to build on the Resolute Health mission and, together, create a true medical/residential destination.”
Mr. Herbold represented Alternivest Healthcare in the site selection, and will oversee ongoing sale and lease negotiations.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
About Alternivest Healthcare
Alternivest is a capital development company based on a unique process called The Opportunity Map. The company has used The Opportunity Map successfully for over 25 years to develop business and investment opportunities, deploy capital productively and to minimize the downside risk to capital. Underlying every project is a message of sustainability. Whether the opportunity is in real estate, capital markets or operating businesses, the company’s core belief is that nothing is sustainable if it is not profitable and beneficial.
For more information please visit www.alternivest.com or call 210-614-9445.
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