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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 falling sales of existing data centers and a major life science refinancing.
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SERVER SLUMP: Existing data center sales plunge 50% in 2025 as $7T build-out overshadows acquisitions. Read more here.
LAB LOANS: Boylston’s 500 Forge life science building nets $119.2M refinancing led by Tishman Speyer. Read more here.
YIELDSTREET DEFEAT: CRE crowdfunding platform Yieldstreet faces $78M real estate defaults, $270M at risk amid investor losses. Read more here.
PRISON PROFITS: ICE detention center plan could deliver $1B+ annual boost to CoreCivic, Geo Group contracts. Read more here.
IOS: Green Courte Partners buys 32 acre industrial outdoor storage facility in Tampa, Florida, for $37.8M. Read more here.
IOS: Matthews Real Estate Investment Services sells 5-property Midwest IOS portfolio for $6.2M. Read more here.
SMALL BAY: Unilev Capital buys small bay industrial portfolio in the Minneapolis area. Read more here.
SHALLOW BAY: Harbor Capital buys 190K SF light-industrial park in Arlington, Texas, from Fort Capital. Read more here.
SELF-STORAGE: Etude Capital/San Felipe Financing JV secures $115.2M acquisition loan from Bank of America to buy 9 self-storage facilities in California and Nevada. Read more here.
Want deeper insights on industrial alts? Subscribe to IOS List, Small Bay List, and Cold Storage List.
BTR: NEWSTAR buys 19 acres near Atlanta for 133-home single-family rental community. Read more here.
SENIOR HOUSING: Ventas bets $31B on booming senior living as 4M boomers near age 80 demand soars. Read more here.
SENIOR HOUSING: Town Lane acquires The Goldton at Venice, a 167-unit senior living community in Florida. Read more here.
STUDENT HOUSING: Vesper Holdings buys 181-unit Gateway Lofts Lansing near Michigan State for undisclosed price. Read more here.
STUDENT HOUSING: CUNY expands Midtown Manhattan student housing with $125M acquisition of six floors at 569 Lexington Avenue. Read more here.
Want deeper insights on housing alts? Subscribe to BTR List and Student Housing Daily.
MED OFFICE: First Citizens Bank helps finance IRA Capital’s $63.2M acquisition of three healthcare properties in Texas. Read more here.
MED OFFICE: Chicago Pacific Founders buys 192K SF Maryland Trade Center III medical office building in DC metro area for $27.5M. Read more here.
DISTRESSED: St. John Properties buys 3 Baltimore area office buildings for $20.05M in bid on return-to-office trends. Read more here.
CO-WORKING: The Maven opens 12,000 SF women-focused coworking space in Fort Worth’s Sundance Square. Read more here.
Want deeper insights on office alts? Subscribe to Med Office List.
EXTENDED STAY: Marcus & Millichap arranges $7.76M financing for 154-unit extended-stay Cocoa Lofts in Cocoa, Florida. Read more here.
EXTENDED STAY: Choice Hotels forms $52M JV with Highside to develop 35 Everhome Suites with $500M Apollo loan facility. Read more here.
BOUTIQUE: Hotel Elysee secures $25M financing for major transformation into five-star lifestyle boutique hotel in Midtown Manhattan. Read more here.
STR: Bona Vita Properties launches global luxury vacation platform offering passive income through co-ownership of managed international villas. Read more here.
When you see this you know one thing: That there’s absolutely no important information inside.
— #Jeff (#@_FlipMan)
12:47 AM • Aug 6, 2025
DATA CENTER: Bessemer, Alabama, city council delays controversial $14B data center rezoning amid environmental and community concerns. Read more here.
DATA CENTER: Port Washington, Wisconsin, approves $8B data center project amid resident concerns over power line impact. Read more here.
DATA CENTER: Avaio Digital Partners to build $6 billion AI-ready data center campus in Brandon, Mississippi, opening in 2027. Read more here.
DATA CENTER: Meta partners with Silicon Ranch and Central Electric to build $100M, 100MW solar farm powering South Carolina data center by 2027. Read more here.
Want to go deeper on InfoTech alts? Subscribe to Data Center View.
NET LEASE: Dragos Capital acquires 18-property CVS triple-net lease retail portfolio amid retail real estate market adjustments. Read more here.
NET LEASE: Demand for smaller retail real estate remains strong while larger spaces sit empty. Read more here.
C-STORE: Nabut Brothers’ Birdie’s Food & Fuel acquires two Circle K stores in Baton Rouge from Alimentation Couche-Tard for $2.87M. Read more here.
EXPERIENTIAL: L.L.Bean opens 16th Canadian store in Toronto’s upscale Yorkville, its first downtown metro location in Canada. Read more here.
Our companies will all be based in Delaware. Will anyone ever go there? Absolutely not.
— #Andrew Reed (#@andrew__reed)
9:01 PM • Apr 17, 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.
