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.
- CDE: TransPecos
- Investor: Regions Bank
- Role: QALICB Consultant – True Mountain Capital
The project expanded access to care for low-income and elderly residents in a medically underserved area, providing primary care, nephrology, and specialty services under one roof. It also created 51 full-time jobs and delivered long-term healthcare infrastructure in a deep-distress census tract.