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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 a survey that shows construction loans are picking up pace and how CRE stocks have plummeted on AI concerns.
Today’s issue is sponsored by DealNav - the simple and affordable CRM and deal management tool with easy interface and integrated map.
CONCRETE CASH: Bank loan officer survey suggests construction loan activity is on the rise. Read more here.
ALGO ANGST: Stocks of 5 major CRE brokerage firms collapse on AI fears. Read more here.
MEGA MANAGER: Nuveen buys Schroeders to create a $175B real estate manager. Read more here.
HOOSIER HYPERSCALE: Meta reveals plans for $10B mega data center near Indianapolis. Read more here.
IOS: Catalyst Investment Partners closes 3rd IOS fund at $400M hard cap. PLAYERS: Dan Haroun, Max Heiden. Read more here.
IOS: Zenith buys 11-property, 39 AC IOS portfolio in Phoenix. PLAYERS: Vinh Thai, Alex Guider, Chad Solomon. Read more here.
SMALL BAY: CenterSquare Investment Management launches $50M co-investment vehicle with ESAS. PLAYERS: Jeff Reder, James Bury. Read more here.
COLD STORAGE: RLCold and DHL form partnership to develop more than 5M SF of cold storage. PLAYERS: Dennis Lutwen, Josh Lewis. Read more here.
SELF STORAGE: Public Storage to acquire Simply Self Storage from Blackstone REIT in $2.2B deal. Read more here.
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GROCERY-ANCHORED: Barings sells Seacliff Village in Huntington Beach, CA, to Asana Partners for $151M. PLAYERS: Gleb Lvovich, Daniel Tyner, Tess Berghoff, Mike Freno. Read more here.
GROCERY ANCHORED: DRA and KPR secure $45M refi for 2.4M SF grocery-anchored portfolio. PLAYERS: Jordan Roeschlaub, Nick Scribani, John Caraviello, Adam Doneger. Read more here.
DISCOUNT: Dollar Tree moves into wealthier zip codes. Read more here.
C-STORES: Sunoco buys 56 Duck Thru Food Stores in North Carolina and Virginia. Read more here.
RETAIL: Eddie Bauer files for Chapter 11 bankruptcy protection. 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.
