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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 a massive real estate fund from Carlyle and a $150M JV to buy industrial outdoor storage assets.
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EXTRA SPACE RACE: The Carlyle Group raises $9B for real estate fund focused on multi, industrial, and self-storage. Read more here.
SERVER SURGE: Apollo Global Management buys majority stake in Stream Data Centers to meet soaring demand. Read more here.
JOINT VENTURE: Barings and Brennan launch $150M push into industrial outdoor storage assets. Read more here.
VALUE LOCKED: Green Street index shows commercial real estate values stuck amid muted sales. Read more here.
IOS: Peakstone Realty Trust accelerates shift to industrial REIT with rising IOS income and office sales. Read more here.
IOS: Jadian IOS buys 1.8 acre industrial outdoor storage facility in Brooklyn, NY, for $10.25M. Read more here.
SMALL BAY: Viking Partners buys $50M small bay industrial portfolio in Florida. Read more here.
SELF-STORAGE: Construction starts on 934-unit StorQuest facility at Winchester Center in Naples, Fla. Read more here.
SELF-STORAGE: Global Self Storage beats revenue estimates with 2.7% growth and 94.7% occupancy in Q2 2025. Read more here.
Want deeper insights on industrial alts? Subscribe to IOS List, Small Bay List, and Cold Storage List.
SKILLED NURSING: CareTrust REIT grows investments with strong Q2 and UK expansion. Read more here.
BTR: Cove Capital Investments completes purchase of 83-unit build-to-rent community in San Antonio. Read more here.
SENIOR HOUSING: Virtua Health and The Michaels Organization open $24M affordable senior housing with onsite primary care in Camden, NJ. Read more here.
SENIOR HOUSING: Swope Health marks start of $126M ‘village’ in Kansas City with senior residences and mental health services. Read more here.
STUDENT HOUSING: Clemson completes $46.2M renovation of Manning Hall adding 432 beds and modern student amenities. Read more here.
Want deeper insights on housing alts? Subscribe to BTR List and Student Housing Daily.
LIFE SCIENCES: Newmark sells and finances 64,200 sq ft flex/R&D building in Andover, Mass., to Rhino Capital Advisors. Read more here.
DISTRESSED: Distressed office building near UCLA to become upscale apartments. Read more here.
DISTRESSED: Elysian Housing buys Encino, Calif., office for $20.64M to convert into 117 affordable apartments. Read more here.
CO-WORKING: Denver co-working market shrinks 3% with fewer spaces and slight drop in square footage in Q2. Read more here.
MEDICAL OFFICE: InterMed breaks ground on 62,000-square-foot ASC and medical office building in Scarborough, Maine. Read more here.
Want deeper insights on office alts? Subscribe to Med Office List.
DISTRESSED: $1.75B in mall loans modified, including $187M and $130M extensions. Read more here.
NET LEASE: Four Corners Property Trust buys Mavis Tire property in Mississippi for $2.6M at 7% cap rate. Read more here.
NET LEASE: Bain Capital and 11North Partners acquire 10 open-air retail centers in Florida and South Carolina for $395M. Read more here.
DESTINATION: Sacramento seeks developers to revitalize historic Hale Building downtown with new retail and offices. Read more here.
DESTINATION: IKEA plans new store at Destiny USA, opening this fall in Syracuse, NY’s former At Home space. Read more here.
Turning abandoned malls into retirement communities is actually a pretty good idea. Keep the food courts and movie theaters. Keep a few storefronts for groceries, a pharmacy, a general store, various medical needs, etc. The rest of the stores can be converted into apartments.
— #Ron Rule (#@ronrule)
3:22 PM • Aug 1, 2025
DATA CENTERS: SoftBank buys former GM Lordstown, Ohio, plant to back $500B AI data center project. Read more here.
DATA CENTERS: Widow of NASCAR’s Dale Earnhardt and eldest son fight over proposed $30B data center on family estate. Read more here.
DATA CENTERS: QTS Data Centers plans $10B data campus in Cedar Rapids, Iowa, the city’s largest investment ever. Read more here.
DATA CENTERS: Meta taps Pimco and Blue Owl to lead $29B Louisiana data center financing deal. Read more here.
DATA CENTERS: Amazon Web Services buys 985 acres in Georgia for $270M data center exploration. Read more here.
Want to go deeper on InfoTech alts? Subscribe to Data Center View.
BOUTIQUE: Republic Investment Company and Capstone Equities acquire Smyth Tribeca hotel in New York for luxury repositioning. Read more here.
EXTENDED STAY: Northstar Hotels acquires two Jacksonville, Fla., extended-stay hotels with renovation plans under way. Read more here.
EXTENDED STAY: Beechwood Organization buys Long Island site for $21M to develop 299-room extended-stay hotel. Read more here.
MARINAS: Madison Capital Group acquires 49-slip Bristol Harbor Marina in Panama City, Fla. Read more here.
Only a few more hours until we get to create shareholder value in this fast-paced entrepreneurial environment
— #Parody CEO (#@parody_ceo)
2:05 AM • Aug 11, 2025
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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.
