Central Texas · Retail + Medical + Industrial Flex · Actively Raising
Hari-P Capital · Land-Play
Texas-focused ground-up commercial real estate sponsor with two shovel-ready developments — $40M+ retail-medical flex in Hutto (Austin MSA) and $30M industrial flex in New Braunfels (I-35 corridor). Nine completed projects as prior track record. Land already acquired for both current deals.
Raising $51M Total
2 Shovel-Ready Projects
Austin MSA · I-35 Corridor
Texas growth corridors.
Shovel-ready yield.

Land-Play is a commercial real-estate development vehicle with nine completed projects across several states in the $1.2M–$8.9M range. The current portfolio consists of two fully-owned, entitled-and-underway developments in two of Texas's fastest-growing submarkets — together requesting $51M in construction capital for Dec-2025/Jan-2026 deployment.

Capital Stack Summary
Total Raise$51,000,000
Project 1 · Hutto$32M · Dec 1, 2025
Project 2 · New Braunfels$19M · Dec 1, 2025
Capital TypeEquity + Debt
Combined Project Cost$70M+
Land StatusAcquired · both sites
EntitlementsUnderway
Sponsor Track Record9 completed projects
01
Executive Summary
The Opportunity

Hari-P Capital · Land-Play is a commercial real-estate development sponsor targeting two supply-constrained Texas submarkets with shovel-ready developments. The current capital raise of $51M is split across two fully-owned sites — the $40M+ Hutto retail-medical development (Austin MSA) requesting $32M, and the $30M New Braunfels industrial flex development (I-35 corridor) requesting $19M.

The investment thesis rests on three pillars: (1) Texas submarket velocity — Hutto and New Braunfels are among Austin's and San Antonio's fastest-growing edge markets; (2) execution readiness — both parcels are owned outright, entitlements are in progress, and construction commences within 3–6 months of close; (3) sponsor track record — nine completed industrial, flex, and retail projects across multiple states with individual project sizes from $1.2M to $8.9M.

The combined $70M+ development pipeline is positioned to deliver stabilised cash-flowing assets in two of the strongest Texas growth corridors with a conservative development timeline and demonstrated sponsor execution.

02
Performance Metrics
Deal Summary · Timing · Capital Deployment
Value Creation Pathway
Land Owned
~$19M
Sponsor contribution
Post-Construction
$70M+
Combined project cost
Lease-Up
$75–82M
NOI-driven valuation
Stabilised
$80–90M
Combined asset value
Base Case Exit
$85–95M
Institutional disposition
Approvals & Execution Timeline
Prior
Land Acquisition — Both Sites
Hutto and New Braunfels parcels acquired outright by sponsor.
Current
Entitlements & Capital Raise
Site-plan approvals, zoning, and civil engineering under way on both parcels.
Dec 1, 2025
Hutto Capital Close
$32M Hutto capital close; construction commences within 3–6 months.
Jan 1, 2026
New Braunfels Capital Close
$19M NBF capital close; construction commences within 3 months.
2026–2028
Construction & Delivery
Both projects deliver over 18–22 month construction windows.
Year 5
Stabilisation & Exit
Target 85%+ stabilised occupancy; exit via institutional sale or refinance-to-permanent.
$51M Combined Raise — Deployment
ProjectRequestedDeadlinePurposeAsset Type
Hutto Retail + Medical$32,000,000Dec 1, 2025Construction + soft costsRetail / Medical Office
New Braunfels Industrial$19,000,000Jan 1, 2026Construction + soft costsIndustrial Flex + Yard
Grand Total$51,000,000By Jan 2026Both projects fully funded
Why this deal structure
Land-Play's nine prior projects provide sponsor track record. The land-owned / entitlement-underway position is the most de-risked stage of ground-up development — no land-acquisition risk, zoning and site-plan risk actively being retired.
03
Projects
Two Active Texas Developments — $51M Combined Raise
Active · Raising Capital
Hutto Retail
+ Medical Flex
Austin MSA · Hutto, TX
Capital Raise$32M · Dec 1, 2025

$40M+ retail-medical development in one of Austin's fastest-growing submarkets. 60,000 SF retail + 38,400 SF medical office. Land acquired · entitlements under way.

Active · Raising Capital
New Braunfels
Industrial Flex
I-35 Corridor · New Braunfels, TX
Capital Raise$19M · Jan 1, 2026

$30M industrial flex developed with co-development partner. 120,000 SF of fully HVAC'd flex space + 3 acres outdoor industrial storage. Comp leases at $19 NNN.

Disclaimer · Investment Materials
Confidentiality & Forward-Looking Statements
This document summarises publicly-releasable project information and does not constitute an offer or solicitation of an offer to buy or sell securities. Forward-looking statements involve risks and uncertainties; actual results may differ materially. Past performance is not indicative of future results.

Confidential sponsor, contact, and financial details are available to authorized investors via the gated Bio & Contact and Business Plan materials.