PPG Health: St. Louis Avenue Medical Office Building
(Fort Worth, TX)

True Mountain Capital partnered with L2L Development Advisors and CHC Development to close a NMTC Financing on 10/16/25 to fund the development of the St. Louis Avenue Medical Office Building, a 25,972-square-foot facility designed to expand access to comprehensive, high-quality healthcare in a medically underserved area of Fort Worth, Texas.

The project secured $11 million in New Markets Tax Credit (NMTC) allocation through TransPecos, with Regions Bank serving as the NMTC investor. This financing made possible the construction of a new facility that addressed critical gaps in care for low-income and elderly residents, many of whom rely on Medicare and/or Medicaid. The project also created 51 new full-time equivalent (FTE) jobs, contributing to economic growth and stability within the community.

The St. Louis Avenue Medical Office Building brought together a full spectrum of medical services—including primary care, nephrology, and specialty practices under one roof. By locating in an area with limited healthcare options, the project helped reduce travel barriers and improve health outcomes for vulnerable populations across Fort Worth.