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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 how REITs have outperformed the market YTD and Ares Management’s $5.4B fundraise.
Today’s issue is sponsored by IndustrialIQ — providing comprehensive analysis and insights for small bay warehouse markets.
THE REIT STUFF: REITs outperformed the broad market indexes YTD in March. Read more here.
RAM JAM: Ares Management Corp. raises $5.4B for value-add deals in alternative RE sectors. Read more here.
CHILD’S PLAY: Why early childhood education real estate is having a moment among institutional investors. Read more here.
BARELY USED BUREAUCRACY: Federal offices are at less than 60% utilization at nearly 10,000 sites. Read more here.
SMALL BAY: Faropoint secures $223M refi from Blackstone for 1.7M SF portfolio. PLAYERS: Idan Tzur, Mark DeCesare, Tony LaBarbera. Read more here.
SMALL BAY: Equus buys small bay business park in Charlotte, NC, for $102M. PLAYERS: Tim Feron, Laura Brestelli, Tucker Scaringe, Robert Hardaway, Patrick Gildea, Matt Smith, Alek Salfia, Sarah Thompson, Anna Strange, Anne Johnson, Noah Rutberg, Bryan Crutcher, JP Cordeiro, Mike Ryan, Taylor Mathis, Will Chapman. Read more here.
IOS: Dalfen buys 9.78 AC IOS in Orlando metro area. PLAYERS: Chris Segrest, Tyler McElroy, Desmond Taylor, Christopher CJ Griffith, Jeff Graham. Read more here.
COLD STORAGE: Activist investor Sieve Capital calls for major shakeup at Americold. Read more here.
SELF STORAGE: Spartan Investment Group acquires 3-property self storage portfolio in Beaufort, SC. Read more here.
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POWER CENTER: Bed Bath & Beyond to buy The Container Store for $150M in cash and stock, gaining 100 stores and 2.2M SF while aiming for $40M in annual synergies. PLAYERS: Amy Sullivan, Lisa Foley, Adrianne Lee. Read more here.
DISTRESSED: Rialto moves to foreclose on Jenel’s Chicago State Street retail property over default. Read more here.
LUXURY: Acadia Realty Trust buys Worth Avenue retail property for $43M amid Palm Beach luxury surge. PLAYERS: Ken Bernstein, J. Jay Lobell. Read more here.
LUXURY: Saks Global enters $500M restructuring agreement, plans store closures. Read more here.
NEIGHBORHOOD: Bond Street REIT buys Phoenix-area Shops at Civic Center for $10.8M. 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.
