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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 plummeting office REIT values and Texas’ data center push.
Today’s issue is sponsored by Data Center Dealmakers: Southeast - join 500+ data center pros from QTS, Arcapita, Menlo Digital and others in the room where deals happen in Atlanta on October 8, 2026. Waitlist open here→ link
Source: S&P Global
AI ANGST: Office REIT values underperform on worries that AI will wipe out white-collar jobs. Read more here.
DATA DRIVEN: Will Texas dethrone Virginia as the “Data Center State”? Read more here.
CASH FOR CRIBS: RXR and NC Investment Authority team up on $500M discretionary account to fund residential projects nationwide. PLAYERS: Scott Rechler, Brad Briner. Read more here.
BUILDING BUCKS: Middleburg closes oversubscribed $125M GP Fund III to expand multifamily and BTR developments. PLAYERS: Kory Geans, Christopher Finlay. Read more here.
STUDENT: Oaktree refinances 720-bed UC Berkeley student housing. PLAYER: Katy Mao. Read more here.
STUDENT: US campuses spend $79B per year on unused and underutilized space. Read more here.
AFFORDABLE: Hudson Valley Property Group acquires 133 units in Boston. Read more here.
BTR: Miramar expands Nashville-area BTR portfolio with 2 acquisitions. PLAYER: Austin Fragoletti. Read more here.
BTR: JLL brokers sale of 138-unit community in Jenks, OK. PLAYERS: Steven Hahn, Art Barnes, Matthew Putterman, Matt Stewart, Ace Sudah, Michael McReynolds. Read more here.
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Power. Land. Capital. Delivery. The high-signal event for the major players in Southeastern data center corridors. Get in the room here→ LINK
DISTRESSED: Ganmi Corp. buys 2 San Diego office towers for $103.5M, plans “experience-driven” amenities. PLAYERS: Tony Russell, Richard Gonor, Pascal Aubry-Dumand, Ryan Taquino. Read more here.
CONVERSION: Office campus sells for $232M to become 426 for-sale homes. PLAYERS: Stuart Miller, Adam Schwartz. Read more here.
MED OFFICE: Hospitals face financial squeeze from Medicaid, ACA, and Medicare cuts, are expected to sell or downsize properties. Read more here.
MED OFFICE: Riverside County, CA, acquires 2 MOBs for $53M. PLAYERS: Travis Ives, Gino Lollio, Tyler Morss. Read more here.
MED OFFICE: CBRE brokers sale of 108,362 SF MOB in San Francisco. PLAYERS: Chris Bodnar, Brannan Knott, Zack Holderman, Cole Reethof, Jesse Greshin, Kyle Kovac, Mike Taquino, Brad Zampa, Trask Leonard. 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.
