Wurzbach Tower is in a fight for its proverbial life. But Why? ​Is it  market influences, stupidity, irresponsible management, bad decisions, bad luck, ignorance, or is it perhaps intentional. Is an institutional investor/group targeting the building? It is valid to evaluate our condition from each of those lenses.

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One thing is for sure, we didn't arrive at this juncture because of industry recognized business practices. We are stunned by the lack of sound business practices conducted by amateurs playing executives and causing untold millions in damages. In one provable documented case, the Wurzbach Tower Treasurer, Dean Dobson has such troubling financial history that he has unpaid money judgments against him on file in the public records of Bexar County, and a documented history of not paying his assessments to the very building he is now Treasurer of. The board President has zero experience in managing a complex high rise aging structure even testifying under oath that she has no fiduciary responsibility to the owners of condo's in Wurzbach Tower, when in fact she absolutely does. There's more, a Wurzbach Tower employee named Mark Bender has access to our computers and security systems. He can keys to the entire building, including access to individual condo owners units. Like our Treasurer Dean Dobson, Bender has numerous unpaid judgements in the public record at Bexar County. It is no wonder then that we find ourselves in a predicament where our assessments to value relationship is so upside down.

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Sound business practices would dictate that we have a reserve program. According to industry standards, Wurzbach Tower should have at least $3 million in reserves. We have about $200K. We should have a reserve study that is updated annually. We haven't had a comprehensive reserve study in a decade, much less one currently. There is no record of a comprehensive engineering report ever being conducted on the property, despite serious subsidence and settling clues throughout the building. Damn it, we didn't even have a working emergency telephone at the pool until the building was cited by the San Antonio Fire Department,

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Sound business practices would dictate, and the rules require a proper budget be distributed to the owners of Wurzbach Tower. No budget has been provided for years.

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What we do have is, in the most recent 2026 incarnation, a series of financial documents that clearly are misleading. They mislead the owners of Wurzbach Tower by what they don't say. They don't clearly tell the story of how bad the; actual real financial condition of the building to be; we are approximately(at least) $5,000,000.00 (five million dollars) in trouble. As demonstrated above, amateurs managers, under the guise of saving management fees instead of hiring competent business administration, deferred critical repairs, failed to adequately anticipate funding, dangerously compromised safety leave us with a building that has unreliable elevators that are chronically broken if working at all and needing at least $1M in updates, chronic water leaks, two penthouse condo's that leak during every rain and are uninhabitable,  defendants in 5 lawsuits (with one additional lawsuit soon to be filed by Kustoff and Sanders, Attorneys), unfinished and ever increasing costs fire sprinkler system in the common areas that at one time was contracted for $170K+- that is now projected to cost more than $1M, patios that are crumbling, steel window frames that have rusted and rotted, a building exterior that has its protective coating peeling allowing even more water penetration, mature trees being cut down frequently leaving our canopy looking like a meth addict who has lost their teeth, non existent shrubbery and ground cover...the list is endless. The list is tragic.

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That sums up our current status. That status exposes us, or we have actually become a target for an institutional takeover. Has the failed management efforts of the last few years been intentional?

 

Where do we go from here? Stay on our current course, watch values continue to tank relative to the market, wait until deferred maintenance becomes a crisis we cannot financially pay for, wait for the city or state of Texas to Red Tag us because we do not install the fire prevention system? We cannot borrow our way out of this mess. We cannot allow the current management to defer any longer...the accelerated deterioration of critical building components is outpacing our ability to impound assessments.

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Our options are very limited. Our exposure is serious. The reality and the solutions are going to hurt. The solutions available will include holding those that got us here responsible.

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We, as owners must insist on the following:

• Immediate investigation of these sham elections that have concentrated exclusive power over the property

• Immediate convening of an owners committee completely separate from the board​ to address critical concerns

• Immediate convening of a Finance committee to fully review our finances

• Monthly board meetings with full transparency

• Convening of a comprehensive Reserve study committee

• The formulation of a comprehensive management plan that includes a professional onsite manager

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