Updated Jan 19, 2026
Brian Howard Of Stage Equity Partners Acquires Medical Office Portfolio In El Paso For Undisclosed Amount
1393 George Dieter Drive
Building Size
40,750 SF
Asset Type
Medical Office
Closing
Jan 15, 2026
About this deal
AI
Stage Equity Partners acquired a two-building, 40,750-square-foot medical office portfolio located at 1390 and 1393 George Dieter Drive in El Paso, Texas. The assets are 100% leased, anchored by University of El Paso Medical Center and Tenet Health, featuring a weighted average lease term of approximately 7 years.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not disclosed
- Address: 1390 & 1393 George Dieter Drive
- Market: El Paso
- Buyer: Brian Howard - Stage Equity Partners
- Broker: Jay Miele - Newmark
- Lender: Wintrust Bank
The acquisition marks Stage Equity Partners' ninth purchase in Texas. Jay Miele of Newmark represented the institutional fund manager, who was the seller in this transaction, while Wintrust Bank provided the financing for the deal.
On the Map
Medical Office
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Players
El Paso Medical Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93