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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 Blackstone’s $1.4B refi loan and JPMREIT’s purchase of 16 industrial outdoors storage properties for $95.2M.
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LOAN-ZILLA: Blackstone secures $1.4B refi for 67-property, 9.7M-square-foot portfolio across 16 US markets. Read more here.
THE REIT STUFF: J.P. Morgan Real Estate Income Property Trust (JPMREIT) buys portfolio of 16 industrial outdoor storage (IOS) properties for $95.2M. Read more here.
RECORD HIGH: The national vacancy rate in multifamily housing rose to 7.1% in July 2025, an all-time high since 2017, due to a historic surge in new construction. Read more here.
LEDGER LAND RUSH: World Property Ventures unveils World Property Bank to tokenize $6T global real estate debt and equity markets. Read more here.
IOS: Marcus & Millichap sells 2.91 acre IOS in Prescott, AZ for $4.357M. Read more here.
SMALL BAY: TWR Real Estate Partners and Integral Partners acquire Tempe Business Center in Phoenix area for $9.2M. Read more here.
SMALL BAY: Loci and Hersh Equity buy 230,000 SF small-bay industrial portfolio in Fort Lauderdale metro area. Read more here.
SELF-STORAGE: Extra Space Storage reports $249.7M profit and record 94.6% occupancy in Q2. Read more here.
SELF-STORAGE: CrownPoint and Lamar open 1,200-unit climate-controlled self-storage facility in Newark, NJ. Read more here.
Want deeper insights on industrial alts? Subscribe to IOS List, Small Bay List, and Cold Storage List.
SENIOR HOUSING: Ventas ups acquisition pipeline to $2B amid “window of opportunity” for senior housing growth. Read more here.
STUDENT HOUSING: New San Diego State University student housing project to deliver 3,640 beds and community center by fall 2027. Read more here.
STUDENT HOUSING: Texas A&M-Commerce to spend $24.8M converting Binnion Hall back to student housing for upperclassmen. Read more here.
MULTIFAMILY: Hamilton Point acquires 300-unit multifamily in Florida, grows Fund XIV to $335M, 1,625 units. Read more here.
MANUFACTURED: Legacy Communities pays $22.5M for 332-site 55+ mobile home park near Tampa. Read more here.
Want deeper insights on housing alts? Subscribe to BTR List and Student Housing Daily.
DISTRESSED: Concord Capital to convert distressed Chicago office into 66 apartments by 2027. Read more here.
DISTRESSED: Investors are flocking to Cleveland’s distressed office market. Read more here.
MEDICAL OFFICE: JC Penney department store in Pittsburgh area mall sold to medical office developer. Read more here.
MEDICAL OFFICE: Remedy Medical and Kayne Anderson JV buys 8 medical office properties in DC metro area. Read more here.
Want deeper insights on office alts? Subscribe to Med Office List.
C-STORE: Applegreen to build 4 Denver-area service plazas in $70M public-private project. Read more here.
NET LEASE: Kidder Mathews brokers $75.9M sale of 10-property net lease retail portfolio. Read more here.
NET LEASE: Four Corners Property Trust acquires two Caribou Coffee sites for $2.8M at 7.3% cap rate. Read more here.
EXPERIENTIAL: Bass Pro Shops to anchor Osage Beach redevelopment with new immersive retail store. Read more here.
Quite the chart
— #Harrison Kinsley (#@Sentdex)
5:21 AM • Aug 3, 2025
DATA CENTERS: Amazon pays $270 million for 985-acre Georgia site for data center development. Read more here.
DATA CENTERS: Meta plans to sell $2B in under-construction data center assets for co-development. Read more here.
DATA CENTERS: CoreWeave buys $322M data center campus in New Jersey’s NEST tech park. Read more here.
DATA CENTERS: Pennsylvania bill proposes fast-tracked data center permits and limits on local zoning to support industry growth statewide. Read more here.
Want to go deeper on InfoTech alts? Subscribe to Data Center View.
SOLAR: SolarEdge and Solar Landscape to build largest U.S. rooftop solar project on 500+ warehouses. Read more here.
SOLAR: CleanCapital buys 64-project solar portfolio from Greenbacker to add 51.2MW, growing to 350+ projects. Read more here.
WIND: Trump administration halts offshore wind leasing, de-designates 3.5M acres of prime US waters. Read more here.
ONE TO WATCH: Jacmel Partners' Jorge Mora highlights transport, energy and digital infrastructure investment trends in a new video. Watch it 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.
