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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 Turner’s $39B backlog and S2’s acquisition of Fort Capital.
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SERVER STRONG: Turner Construction reports record $39B backlog and $13.4B in revenue for first half of 2025 on data center boom. Read more here.
HOGWASH HATE MAIL: Las Vegas AI exec receives pig’s head in mail after TV segment on real estate technology. Read more here.
ARES AND GRACES: Ares sees portfolio boost from GCP acquisition, reaches $572B AUM with strong global expansion. Read more here.
SHALLOW BAY DEEP DEAL: S2 Capital acquires shallow bay-focused Fort Capital’s ops arm to boost Texas industrial investment platform. Read more here.
IOS: First Industrial buys 2.4 AC industrial outdoor storage property in Silicon Valley for $10.6M. Read more here.
IOS: Alterra IOS secures $343.6M loan facility for 64 IOS properties across 22 states. Read more here.
SHALLOW BAY: Hartz Mountain buys portfolio of shallow bay industrial buildings in Atlanta for $127M+. Read more here.
SMALL BAY: Sime Realty Corp. sells Miami area small bay portfolio for $22.75M. Read more here.
COLD STORAGE: Lineage’s Q2 2025 showed operational resilience and strategic growth despite EBITDA dip and cost pressures. Read more here.
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SENIOR HOUSING: Senior housing oversupply slows occupancy and rent growth, challenging outdated investor assumptions from the 2010s. Read more here.
SENIOR HOUSING: Sabra Health Care REIT aims to boost senior housing exposure from 20% to 30%, targeting $400–500M investments. Read more here.
SKILLED NURSING: LTC Properties plans to sell 7 skilled nursing facilities, shifting focus to senior housing. Read more here.
STUDENT HOUSING: Landmark and Cerca delivered The Legacy at Ann Arbor, a 521 bed student facility at the University of Michigan. Read more here.
BTR: Ceiba Groupe secures $40.2M loan for 227-unit Jacksonville, FL multifamily and build-to-rent project, opening 2027. Read more here.
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LIFE SCIENCES: Federal budget cuts and layoffs threaten life sciences funding, slowing lab demand and straining biotech real estate markets. Read more here.
MEDICAL OFFICES: Montecito Medical acquires 67,000 SF orthopedic office and surgery center in Warwick, RI. Read more here.
MEDICAL OFFICES: Global Medical REIT reports $37.9M Q2 rental revenue, 94.5% occupancy, and ongoing healthcare portfolio growth. Read more here.
DISTRESSED: North suburban developer buys vacant Chicagoland office complex, plans $25M youth sports facility conversion. Read more here.
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C-STORES: The U.S. convenience store sector shows steady growth with long-term leases, rising sales, and expanding food and EV services. Read more here.
C-STORES: Seven & i plans 2026 U.S. IPO for 7-Eleven to fund growth and acquisitions amid shareholder pressure. Read more here.
NET LEASE: Dark casual restaurants are struggling to find new buyers due to exorbitant TI costs. Read more here.
NET LEASE: Postal Realty Trust owns nearly 7% of USPS properties despite postal service facing financial pressures. Read more here.
My dad married a 30 year old and now he texts like this
— #west 🏞️ (#@westofmain_)
8:53 PM • Jul 29, 2025
DATA CENTERS: DigitalBridge considers selling up to $1B stake in Vantage Data Centers’ Asia Pacific business. Read more here.
DATA CENTERS: Apollo buys majority stake in Stream Data Centers to expand digital infrastructure, target AI-driven demand. Read more here.
DATA CENTERS: Vantage tackles tough terrain for $3B Reno, NV, data center to meet soaring AI power demand. Read more here.
CRYPTO MINING: American Bitcoin to go public via Gryphon merger, with Trump brothers retaining key roles and ownership. Read more here.
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EXTENDED STAY: First Bristol acquires 96-room Residence Inn, plans $5M renovation in North Dartmouth, MA. Read more here.
EXTENDED STAY: Extended-stay hotels see $20B year as demand outpaces traditional lodging segment. Read more here.
BOUTIQUE: Historic 1929 Citizens Bank building in Central Pennsylvania to become boutique hotel and upscale restaurant. Read more here.
RV PARKS: Ocala, FL, RV park owner ASAP Highline files for Chapter 11 bankruptcy in New York. Read more here.
MARINAS: New Haven Marinas expands to Kentucky with acquisition of fully occupied Green River Marina. 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.
