SAN ANTONIO—San Antonio-based Alternivest Healthcare purchased approximately 30 acres in New Braunfels. 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. CBRE represented Alternivest.

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,” says 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.”