Huffman Developments

What Huffman Developments does

Huffman Developments is a privately held San Antonio-based commercial real estate development and construction firm founded in 1983 by Steve Huffman. The company operates three core service lines: Build to Own (custom Class A office condominiums sold to professional buyers), Build to Lease (turnkey NNN lease-back developments for tenants that prefer not to own real estate, including dialysis clinics, medical offices, and financial branch locations), and Project Management (owner's-representation services for non-profits and institutional clients). Projects range from under 5,000 to over 200,000 square feet, with the company claiming 275,000+ square feet of office/medical condominiums completed in San Antonio since 2003 and 500,000+ square feet of medical real estate overseen by Shawn Huffman across Texas, Colorado, Virginia, Maryland, and Washington DC.

The underlying "product" is physical Class A buildings constructed with durable materials (exterior stone, brick, cast stone, barrel tile roofs, concrete parking at a 5/1000 ratio) and, in medical projects, evidence-based design elements intended to create healing-oriented environments. The firm's technical differentiator is process integration rather than proprietary technology: Huffman's "Concept to Completion" model bundles site acquisition, financing, design coordination (civil, architectural, structural, MEP), construction oversight, and move-in under a single accountable party. The company holds no patents or registered technology IP; its "technology" is execution know-how and relationships with national healthcare operators (Fresenius, DaVita, Liberty Dialysis, U.S. Renal Care), design firms (Skidmore, Owings & Merrill; Studios Architecture), and general contractors (Clark Construction).

Huffman generates revenue through one-time development fees and property sales on Build to Own, recurring rental income on retained Build to Lease assets, and professional services fees on owner's-representation engagements. Go-to-market is consultative direct sales and referral-driven (notably through the Bexar County Medical Society), serving business professionals, doctors, dentists, national medical groups, dialysis operators, financial institutions, and non-profits such as the USO and Army Historical Foundation. The firm is founder-controlled, has no disclosed institutional investors or funding rounds, and operates with 11-50 employees from a single San Antonio headquarters.

Name

Huffman Developments

Legal name

Huffman Developments

Website

https://huffmandev.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

11–50 employees

Short description

Huffman Developments is a San Antonio-based commercial real estate developer specializing in Class A office condominiums, medical and dental buildings, and owner's-representation project management for business professionals, healthcare operators, and non-profits.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Commercial and Institutional Building Construction (23622)

SIC

Operative Builders (1531)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

akta.pro secondary industry

Industrial Land & Build-to-Suit Site Brokerage (BPAJACAJ)

Keywords

• Commercial real estate development
• Medical office condominiums
• Build-to-own development
• Build-to-lease solutions
• Owner representative services

Headquarters

HQ city

San Antonio

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Build-to-Own Development: Custom office condo and commercial building development for sale to business professionals. Huffman acquires land, coordinates design, manages construction, and delivers turnkey ownership solutions. Revenue realized upon property sale and ownership transfer.
2. Build-to-Lease: Huffman develops properties and leases back to tenants under NNN lease arrangements. Provides landlordship services including site selection, design, and construction for tenants who prefer not to own real estate. Ongoing rental income stream.
3. Project Management / Owner's Representative Services: Huffman serves as independent third-party representative for business owners and non-profits needing to build facilities. Provides site selection, design team qualification, construction team oversight, and full project management from concept through completion. Fee-based professional services.
4. Site Selection and Brokerage Services: Market research, site selection, and brokerage services for lease clients. Included as part of turnkey lease solutions.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Huffman Developments is a commercial real estate development and construction firm that delivers turnkey Build to Own and Build to Lease solutions for office condominiums and custom commercial buildings, particularly serving medical, dental, and professional office clients. The company acquires land, coordinates design and construction, and delivers Class A facilities ranging from under 5,000 to over 200,000 square feet, with additional fee-based owner's representative and project management services for non-profits and enterprise clients.

Product overview

Huffman Developments operates as a commercial real estate development firm offering three core service lines: Build to Own (custom office condominium development for property ownership), Build to Lease (turnkey leasing solutions for businesses), and Project Management (owner's representative services). The company specializes in medical and professional office real estate, having completed over 275,000 square feet of office/medical and dental condominiums in San Antonio since 2003. Their portfolio includes branded property developments such as the Village on Sonterra medical campus, the National Museum of the US Army project management engagement, and various healthcare facilities including dialysis clinics and surgical centers.

Differentiator

Problem solved

Functional benefit

Products and services

• Build to Own Custom building solutions enabling clients to own purpose-built commercial office condominiums rather than lease, with projects ranging from under 5,000 to over 200,000 square feet. Delivered through Huffman's turnkey Concept to Completion process covering site acquisition, financing, design coordination, and construction oversight.
• Build to Lease Turnkey real estate leasing solutions providing custom-designed, ideally located, affordable lease spaces for businesses preferring not to own property. Includes market research, site selection, brokerage, land purchase with ground-up construction and leaseback (NNN).
• Project Management / Owner's Representative Services Owner's representative services providing independent third-party construction project oversight, design team qualification and management, construction team oversight, budget and schedule control, and full project coordination from concept through completion for business owners and non-profit organizations.

Quantifiable outcome

• 275,000+ square feet of office/medical and dental condominiums completed since 2003
• +5 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Skidmore, Owings & Merrill (SOM)coreStrategic or Co-development PartnerSOM is the architectural design firm for the National Museum of the United States Army project. Huffman coordinates closely with SOM on this complex project requiring close coordination with the US Army, Pentagon officials, and other stakeholders.
• Clark ConstructioncoreStrategic or Co-development PartnerClark Construction is the general contractor for the National Museum of the United States Army project. Huffman oversees completion of design and construction as Project Manager/Owner's Representative.
• Army Historical FoundationcoreStrategic or Co-development PartnerHuffman serves as Project Manager/Owner's Representative on behalf of the Army Historical Foundation for the National Museum of the United States Army project at Fort Belvoir, VA. Total project value of $200M combining Army military construction funds and foundation-raised funds.
• USOcoreStrategic or Co-development PartnerHuffman served as Owner's Representative to the USO for the USO Warrior and Family Center at WRNMMC, Bethesda - a 16,000 square-foot facility. Huffman oversaw all aspects of design (coordinated with Studios Architecture) and construction (by Clark Construction) on behalf of the USO.
• Studios ArchitecturecoreStrategic or Co-development PartnerArchitectural firm for the USO Warrior and Family Center project. Huffman coordinated all aspects of design on behalf of the USO.
• Returning Heroes Home, Inc.coreStrategic or Co-development PartnerHuffman founded this nonprofit that provides wounded warriors and their families a place to heal. Huffman developed the Warrior and Family Support Center at Joint Base Fort Sam Houston ($10M initiative) and serves as President of the organization.
• Ballet San AntoniominorOthersHuffman and staff proudly support Ballet San Antonio as part of their community giving back initiatives.
• Bexar County Medical SocietyminorOthersHuffman and staff proudly support Bexar County Medical Society as part of their community giving back initiatives.
• Boy Scouts of AmericaminorOthersHuffman and staff proudly support Boy Scouts of America as part of their community giving back initiatives.
• United WayminorOthersHuffman and staff proudly support United Way as part of their community giving back initiatives.
• San Antonio Chamber of CommerceminorOthersHuffman and staff proudly support San Antonio Chamber of Commerce as part of their community giving back initiatives.
• Rotary InternationalminorOthersHuffman and staff proudly support Rotary International as part of their community giving back initiatives.

Scale indicators9 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Anchor Health Properties: Medical office real estate developer specializing in build-to-suit MOB and healthcare facility development for hospitals and health systems nationwide. Highly comparable niche specialization in medical office development.
• Caddis Partners: Healthcare real estate investment and development firm specializing in medical office buildings, outpatient facilities, and healthcare campuses. Comparable medical-real-estate development focus and turnkey project delivery approach.
• MedProperties Holdings: Specialized medical real estate investment and development firm focused on MOBs and healthcare facilities across the U.S. Comparable niche focus on medical office development and physician-owned real estate solutions.
• HSA PrimeCare: Healthcare real estate developer specializing in medical office buildings, outpatient facilities, and ambulatory care centers for hospital systems and physician groups. Directly comparable in MOB development and customer base.
• NexCore Group: National healthcare real estate developer focused on medical office buildings, ambulatory care facilities, and healthcare campus development. Comparable target customers (health systems, medical groups) and build-to-suit development model.
• Rendina Healthcare Real Estate: Integrated healthcare real estate company developing, owning, and managing medical office buildings, ambulatory care centers, and specialty hospitals. Comparable MOB specialization and build-to-suit delivery model.

Broad incumbents

• Trammell Crow Company: Major diversified commercial real estate developer with healthcare, office, industrial, and multifamily development capabilities. Larger national footprint and broader portfolio, but overlaps in commercial development and medical office projects.
• Lincoln Property Company: Large diversified commercial real estate firm offering development, property management, and investment services. Operates broadly in commercial development with some healthcare and medical office exposure, competing for similar build-to-suit engagements.

Regional players

• USAA Real Estate: San Antonio-based real estate investment and development firm (affiliate of USAA) operating across Texas and the Southwest. Comparable regional Texas footprint and commercial real estate development capabilities though broader investment mandate.

Emerging players

• Doctors' Realty: Real estate brokerage and development firm specializing in medical practice real estate, including office condos and build-to-suit medical facilities. Comparable niche focus on physician-owned and medical office condo transactions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/HuffmanDevelopments
• LinkedInlinkedin.com/company/huffman-developments

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Huffman Developments