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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 GPT’s billion-dollar shopping spree and a rebound in single-family rentals.
Today’s issue is sponsored by DealNav - the simple and affordable CRM and deal management tool with easy interface and integrated map.
SHOPPING SPREE: GBT Realty plans $1.3B push to develop and acquire shopping centers over the next 1.5 years. PLAYER: Brian Dawson. Read more here.
BTR BOOST: Single-family rentals rebound as build-to-rent fuels sector recovery. Read more here.
GROUND SCORES: Steel Peak Properties forms JV with Tarsadia Investments to acquire industrial outdoor storage. PLAYERS: Blake Rodgers, Pasha Johnson. Read more here.
C-SUITE SHAKEUP: Trillion-dollar asset manager Brookfield names new CEO. PLAYER: Connor Teskey. Read more here.
BTR: JLL secures $15.5M financing for BTR acquisition in South Florida. PLAYERS: Matthew Paul, Matt Papunen, Max La Cava, Joshua Odessky, Pier Barinci, Abbie Kushner. Read more here.
BTR: Blue Vista hires Roofstock co-founders to lead BTR efforts. PLAYER: Justin Yagerman. Read more here.
STUDENT HOUSING: Landmark Properties acquires 1,288-bed portfolio in Texas. Read more here.
STUDENT HOUSING: Coastal Ridge buys Ohio State University-area portfolio for $6.75M. Read more here.
SENIOR HOUSING: National Health Investors expands senior housing portfolio with $105.5M acquisition. Read more here.
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MED OFFICE: Cypress West Partners/TPG Angelo Gordon JV buys 2 MOBs in Arizona and California. PLAYERS: Chris Cumella, Jeff Johnson, Eric Minor, Ed Hernandez, Sam Clark. Read more here.
MED OFFICE: Medical outpatient buildings deliver top risk-adjusted returns with low volatility, study finds. Read more here.
LIFE SCIENCE: Lab conversion in Boston area sells to battery manufacturer at 52% discount. Read more here.
LIFE SCIENCE: Alexandria Q4 earnings reveal life science real estate slump likely to persist for years. Read more here.
DISTRESSED: Foreclosure sale transfers Seattle’s Westlake Tower for $83.6M. 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.
