Good morning. Welcome to CREalts! Every day, we cover the top stories in alternative CRE sectors. Today, we learn about the new JV developing places for flying taxis to land and a big push to build affordable homes.
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Today’s issue is sponsored by BTR Summit — Atlanta 2026. High-signal. Recognizable names. Curated attendance. Request an invitation here → link
GOING UP: Joby Aviation, Atoms form JV to develop vertiport sites across the US. Read more here.
ROOF RAISER: JPMorgan Chase commits $750B to American Dream Initiative to develop 1M affordable housing units. Read more here.
GRID, LOCKED: Texas governor freezes data center connections to state power grid. Read more here.
CHIP CHECK: Pimco take cautious approach to AI-driven data center financing. Read more here.
EXTENDED STAY: Radisson launches Long Stays by Radisson Hotels brand. PLAYER: Gianni Di Fede. Read more here.
EXTENDED STAY: Demand for extended stay hotels reached 5-year high in June. Read more here.
EXTENDED STAY: Studio 6 Corporate Extended Stay Buffalo Amherst sells for $11.8M. PLAYER: Sonal Sinha. Read more here.
BOUTIQUE: Developer buys 2 vintage Miami Beach boutique hotels for $14.85M. Read more here.
LUXURY: Taiwan’s Formosa Intl. Hotels eyes first US acquisition in San Francisco area. Read more here.
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!
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*Only a handful of Early Bird tickets remain at a $100 discount
GOLF COURSES: Troon buys Bobby Jones Links, expands management operations to 34 facilities. PLAYERS: Whitney Crouse, Steve Willy. Read more here.
ARENA: Trail Blazers fight Portland, OR, over who pays for much-needed arena renovations. Read more here.
MARINA: Morgan Marina in Northern NJ sells, rebrands as Jersey Yacht Center. PLAYER: Rick Roughen. Read more here.
FISHING RESORT: Wayhaven Resorts buys 2 fishing resorts in Washington state. Read more here.
SURF PARK: Wavegarden opens DSRT Surf in Palm Desert, CA. 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.
