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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 the new tech-forward multifamily development company, Sekra and Apollo Commercial REIT’s $9B loan portfolio sale.
Today’s issue is sponsored by DealNav - the simple and affordable CRM and deal management tool with easy interface and integrated map.
STARTUP LIVING: Uber and Habitas founders target luxury rentals with tech-driven community living. PLAYERS: Travis Kalanick, Oliver Ripley. Read more here.
REIT RESET: Apollo Commercial REIT sells $9B loan portfolio to Athene in strategic reset. Read more here.
A HOUSE DIVIDED: Third Point calls for CoStar shake-up after Homes.com underperforms $3B investment. Read more here.
CLUCKING AWESOME: Chicken QSRs are booming nationwide as big brands drive record retail rents. PLAYERS: Matt Mousavi, Garrett Colburn. Read more here.
BTR: Marquis Homes breaks ground on 2 build-to-rent developments in Florida. PLAYERS: Thibault Adrien, Jason Besse. Read more here.
BTR: Dwight Mortgage Trust refinances $68M townhome-style BTR community in Saratoga Springs. PLAYERS: David Scheer, Alex Izso. Read more here.
AFFORDABLE: Developers scramble to fill funding gaps on affordable housing deals. Read more here.
STUDENT: Shidler Group acquires 762-bed student housing community in Sacramento, CA, for $115M. Read more here.
SENIOR: Pension funds commit $38.5M to Focus Senior Housing Fund III to expand US senior housing portfolio. Read more here.
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MED OFFICE: IRA Capital joint venture acquires 1.5M SF medical office portfolio. Read more here.
MED OFFICE: Healthcare Realty sells Iowa Heart Center MOB for $36.7M. Read more here.
DISTRESSED: San Diego’s downtown office market faces vacancy rates of potentially as much as 50%. Read more here.
DISTRESSED: Miami office tower seeks to evict Banco Master after unpaid rent halts US expansion plans. Read more here.
CO-WORKING: Corporate demand and flexible leases fuel a co-working comeback led by smaller, single-site operators. 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.
