Together with
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 the red-hot child-care real estate market and relaxed rules for RE appraisers.
Today’s issue is sponsored by DealNav - the simple and affordable CRM and deal management tool with easy interface and integrated map.
KID STUFF: Is child-care real estate poised to become next big alts category? Read more here.
SCHOOL’S OUT: New rule would allow appraisers to receive certification without college degree. Read more here.
UNDER PRESSURE: Activist investor targets First Industrial, pushing the firm to sell assets to narrow a valuation gap. Read more here.
REEL ESTATE: Francis Ford Coppola has mortgaged landmark Sentinel building in San Francisco following Megalopolis flop. Read more here.
IOS: Dalfen Industrial buys 2 properties totaling 16.23 acres in Dallas. PLAYERS: John Lettieri, Eli Ray, Baron Stanton, Chris Wong. Read more here.
IOS: Alterra buys 18.21 acre IOS 2-pack in Houston, TX, and Tulsa, OK. PLAYERS: Gavin Weaver, Luke Hoyl, TJ Giselbach. Read more here.
SMALL BAY: BKM Capital Partners buys Texas small bay portfolio for $27.5M. PLAYER: Brett Turner. Read more here.
COLD STORAGE: JLL Capital Markets arranges 1.7 MSF cold storage portfolio recap. PLAYERS: Sher Hafeez, Michael Leggett, John Huguenard, Wells Waller. Read more here.
SELF-STORAGE: Self-storage sales surge to $1.6B as REITs return and deal volume rebounds. Read more here.
➡ Want deeper insights on industrial alts? Subscribe to IOS List, Small Bay List, and Cold Storage List.
BTR: Crescent Communities and Heitman launch second joint venture. PLAYER: Tony Chen. Read more here.
STUDENT HOUSING: Arrow Real Estate Advisors secures $46M refi for 494-bed property. PLAYERS: Morris Betesh, Morris Dabbah, Louis Halperin. Read more here.
STUDENT HOUSING: Yugo takes over management of 6,200-bed portfolio. Read more here.
SENIOR HOUSING: Welltower buys Aventura senior living facility in South Florida for $46.8M. PLAYER: Shankh Mitra. Read more here.
SENIOR HOUSING: Bravo Property Trust refinances two assisted living facilities with $42M cross-collateralized loan. PLAYER: Aaron Krawitz. Read more here.
➡ Want deeper insights on housing alts? Subscribe to BTR List and Student Housing Daily.
LIFE SCIENCES: Breakthrough raises $1.5B fund to bet on life sciences real estate rebound. PLAYER: Dan Belldegrun. Read more here.
LIFE SCIENCES: Life sciences in transition as recovery signals emerge, Colliers report finds. Read more here.
MED OFFICE: BentallGreenOak buys Durham, NC, medical office for $24M. PLAYERS: Kevin Yen, Chris Bodnar, Brannan Knott, Mindy Berman. Read more here.
DISTRESSED: California CBDs face rising office distress as major lease expirations draw nearer. Read more here.
DISTRESSED: Manulife US REIT seeks sector pivot to industrial and data centers to avoid bankruptcy. Read more here.
➡ Want deeper insights on office alts? Subscribe to Med Office List.
SKI RESORT: Anchor Loans provides $555M construction financing loan for $1B Deer Valley luxury ski community. Read more here.
ARENA: Starwood to convert former NFL training site into Northern Virginia data center campus. Read more here.
COUNTRY CLUBS: EPR Properties buys golf course portfolio and Virginia Beach water park in $113M deal. PLAYER: Gregory Silvers. Read more here.
CAMPGROUND: Breaks Interstate Park expands with acquisition of Southern Gap Outdoor Adventure in Buchanan County, VA. Read more here.
DATA CENTERS: IBM CEO and Fitch warn AI data center spending risks becoming an $8T bubble. Read more here.
DATA CENTERS: Morgan Stanley explores risk transfer to curb exposure to booming data center loan portfolio. Read more here.
DATA CENTERS: Phoenix data center development may slow as power constraints and regulation curb growth. Read more here.
DATA CENTERS: Amazon buys Pasadena, CA, data center site for $78M, accelerating shift toward owned infrastructure. Read more here.
DATA CENTERS: Rising data center demand pushes development into climate-riskier markets like Houston and Miami. Read more here.
➡ Want to go deeper on InfoTech alts? Subscribe to Data Center View.
RETAIL TRENDS: Retail chains shift from leasing to owning real estate amid tight supply. Read more here.
DESTINATION: Inter Miami stadium project lands first retail tenants with 125,000 SF of entertainment space. Read more here.
NET LEASE: Walgreens real estate faces uncertainty under new private equity ownership. Read more here.
QSR: Papa Johns plans 52 new Mid-Atlantic locations as part of new franchise ownership program. Read more here.
C-STORE: Little General Stores acquires five U-SAVE convenience stores in West Virginia. Read more here.
→ 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.
