Kansas City, MO — Transit-oriented commercial development group Grayson Capital has acquired Monument Healthcare Development. As of the closing in December 2022, Monument has become a wholly-owned subsidiary of Grayson Capital. Monument was previously a wholly-owned subsidiary of Nuterra Capital. Both Grayson Capital and Monument are strong representations of the entrepreneurial spirit that Kansas City is known for. The groups plan to retain their individual identities and clients but will combine their efforts to expand their unique offerings in multi-family and healthcare real estate development.
Grayson Capital is a commercial real estate development firm specializing in transit-oriented multi-family development and public-private partnerships. Founded in April 2022 by former JE Dunn Capital Partners Managing Director and Port Authority of KC President and CEO Michael Collins, Grayson Capital helps foster improved economic equity in urban communities through attainable housing development. Grayson Capital’s recent Kansas City projects include multi-family developments at 15th and Holmes and 18th and The Paseo.
“Acquiring Monument Healthcare Development just made sense for us,” said Collins. “Grayson Capital and Monument are at the nexus of housing and healthcare. We are excited to work closely with the Monument team to continue to bridge the gap between where you lay your head at night and your personal health.”
Founded in 2005, Monument Healthcare Development is a healthcare real estate industry expert, creating lasting healthcare facilities across the Midwest and Northeast including the Aspen Medical Center in Rock Springs, Wyoming, the Orthopedic Surgery Center at Bryn Mawr Hospital in Bryn Mawr, Pennsylvania and Saint Luke’s Southridge Medical Office Building and Ambulatory Surgery Center in Overland Park, Kansas. Guiding their clients from start to finish of their unique projects, the team at Monument has a deep understanding of the unique, changing needs of healthcare real estate and a passion for championing health and wellness in local communities.
Monument Director of Design and Construction Shawn Frost says the group is ready to expand the reach of their business.
“Michael brings a new level of leadership and community connection to our group,” said Frost. “We are excited to learn from Grayson Capital’s expertise and continue to help create meaningful housing and healthcare real estate solutions for our clients.”
After completing the acquisition in December 2022, Collins took over as the CEO of Monument. The will continues to serve its clients as Monument Healthcare Development, a Grayson Capital Company. Together, the companies operate with eight full-time employees in the Kansas City area with plans to grow their team as they add to their portfolio of development work.
Founded in 2022, Grayson Capital is a commercial real estate development firm providing transportation-oriented development. A minority-owned business, Grayson Capital operates nationwide with a focus in the Midwest in public and private projects from both the client and developer sides. The group offers unique advisory services and project financing. We believe in urban development that inspires economic equity in our communities. Learn more at www.graysoncre.com.
Founded in 2005, Monument Healthcare Development is a healthcare real estate development firm specializing and ambulatory surgical center (ASC) and medical office building (MOB) investments. MHD offers a proven, end-to-end model based on extensive industry experience and rock-solid relationships. In each layer of our methodical approach, we bring our expertise in healthcare to physicians and healthcare systems, so they can realize their first patient day faster in turn-key ASC and MOB real estate assets. Learn more at www.monumenthd.com.