Good morning. Welcome to CREalts! Every day, we cover the top stories in alternative CRE sectors. Today, we learn about surf parks and potential casino sales.
Today’s issue is sponsored by BTR Summit — Atlanta 2026. High-signal. Recognizable names. Curated attendance. Request an invitation here → link
HIGH TIDE: Surf parks make waves with investors. Read more here.
DOWNSIZING: Churchill Downs to sell off 9 casinos, refocus on house racing and online gambling. Read more here.
SUGAR CRASH: Redevelopment of former Mars Wrigley factory in Chicago is not going smoothly. Read more here.
SPLIT DECISION: Philadelphia’s big-box vacancy problem solved by demising into smaller warehouses. Read more here.
STUDENT HOUSING: Northeastern University acquires 700+ bed residence hall for $169M. Read more here.
STUDENT HOUSING: Core Spaces acquires $300M+ student housing portfolio. PLAYERS: John Wieker, Colin Armstrong. Read more here.
BTR: Lument provides $73.1M loan for acquisition of 334-unit BTR. PLAYERS: Andrew Kwok, Marlowe Moy. Read more here.
BTR: Taylor Morrison’s Yardly expands DFW portfolio with acquisition of 2 BTR communities. PLAYER: Mitch Avery. Read more here.
SENIOR HOUSING: Omega Healthcare Investors seeks to expand senior housing operating portfolio. Read more here.
➡ Want deeper insights on housing alts? Subscribe to BTR List and Student Housing Daily.
BTR SUMMIT - PANELISTS ANNOUNCED
Join hundreds of BTR owners, developers, investors, and brokers for a premier build-to-rent event in Atlanta on November 10th. Hear from the CEOs of Parkland Residential, ARK Homes For Rent, Trilogy Investment Company, Center Park Group, Jim Chapman Construction, Laseter Development Group, and more!
Secure your tickets here: BTR Summit Tickets
*Only a handful of Early Bird tickets remain at a $100 discount
MED OFFICE: Matthews completes $7M sale of 2 MOBs totaling 18,972 SF in Atlanta metro. PLAYERS: Ryan Burke, Michael Moreno, Rahul Chhajed. Read more here.
MED OFFICE: Marcus & Millichap arranges $5.825M sale of 50,017 SF medical office property in Davison, MI. PLAYERS: Jacob Keith, David Weinberg. Read more here.
MED OFFICE: Seattle-area med office building sells for $9.55M. Read more here.
DISTRESSED: School district in Denver metro area buys office building at 53% discount. Read more here.
COWORKING: Coworking space sector continued to expand in 2nd quarter. Read more here.
➡ Want deeper insights on office alts? Subscribe to Med Office List.
→ Make someone’s day. Forward CREalts to clients and colleagues!
~~
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.
