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Good morning. Welcome to CREalts! Every day, we cover the top stories in alternative CRE sectors. One scroll saves you hours. Today, we learn about Starwood’s workforce housing refi and Blue Owl’s bid for a healthcare REIT.
Today’s issue is sponsored by IndustrialIQ — providing comprehensive analysis and insights for small bay warehouse markets.
LOAN & BEHOLD: Starwood completes $1.7B refi of nearly 13,000 workforce and affordable housing units. Read more here.
HOOT SUITE: Blue Owl Capital to acquire Sila Realty Trust medical office REIT for $2.4B. PLAYER: Marc Zahr. Read more here.
TRAILER CASH: RHP gets $830M acquisition financing for manufactured home portfolio. PLAYERS: Jordan Roeschlaub, Nick Scribani, Chris Lozinak, Samuel Speciale. Read more here.
SCHOOL OF RACK: Meta, CBRE establish program to train data center technicians. Read more here.
IOS: Lee & Associates brokers sale of 55+ AC IOS portfolio in Texas and Illinois. PLAYERS: Alex Wilson, Timothy McCahill, Matt Mullen, Jeremy Bunnow, Maxwell Maharry. Read more here.
IOS: TruCore Industrial sells 12.5 AC industrial outdoor storage yard in Indianapolis. PLAYERS: Zachary Harris, Mark Grossman, Jeff Hughes. Read more here.
SHALLOW BAY: Dalfen Industrial buys 1.38M SF shallow bay portfolio from Mapletree for $207.5M. PLAYERS: Sean Dalfen, Richard Weiss, John Lettieri, Eli Ray, Baron Stanton, Christine Choi Moore, AJ Kucinski, Richard Prokup, John Paul Chua, Jack Fraker, Dom Espinosa, Dustin Volz, Joshua Villarreal, Travis McEldowney. Read more here.
SMALL BAY: JDI Realty buys small bay assets in northeast San Antonio. PLAYERS: AJ Greenberg, Sam Sherman, Nicholas Yale, Simone Fraser. Read more here.
COLD STORAGE: Target-tenanted refrigerated warehouse in Windsor, CT, trades hands for $93.5M. Read more here.
SELF STORAGE: Marcus & Millichap sells 290-unit self-storage portfolio in Michigan. PLAYERS: Sean Delaney, Paul Kerber. Read more here.
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C-STORE: 7-Eleven parent company plans to shutter 645 North American stores. Read more here.
NET LEASE: Painted Tree local vendor market abruptly closes 60 locations. Read more here.
NET LEASE: American Net Lease brokers sale of Wisconsin Dollar General. PLAYER: Dwaine Clarke. Read more here.
DISTRESSED: Facing assault charges, developer offloads prime retail real estate. Read more here.
NEIGHBORHOOD: Neighborhood retail centers inspire industry optimism. Read more here.
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Disclaimer: The authors of CREalts are not finance or tax experts. This email is for educational use and not financial advice. Do your own research and consult with professionals before making financial decisions. Our content, which may contain affiliate links and sponsor posts, is subjective and not to be used as the only basis for such decisions. We are not responsible for any losses from relying on this information. Past performance of any asset is not indicative of future results.
