45-Bay Commercial Condo Project Slated for New Braunfels
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
GBMC Communities is planning a 45-bay flex-space commercial condominium project near downtown New Braunfels. The project will include 12 buildings totaling 65,000 square feet. Bays will range from 1,000 to 7,500 squar…
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