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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 JLL’s data center supercycle predictions and Bain Capital’s alt CRE investments.
Today’s issue is sponsored by DealNav - the simple and affordable CRM and deal management tool with an easy interface and integrated map.
DATA DELUGE: JLL projects $3T global data center supercycle as AI demand doubles by 2030. PLAYER: Andrew Batson, Daniel Thorpe, Glen Duncan. Read more here.
ALT APPETITE: Bain Capital raises $3.4B targeting alternative, supply-constrained commercial real estate sectors. PLAYER: Ryan Cotton. Read more here.
YARD WORK: Open Industrial, Heitman form new JV to scale industrial outdoor storage across infill logistics markets. PLAYERS: Jared Okun, Blake Potolicchio, Guggan Datta, Peter Shkreli, Michael Rabin, Michael Walsh, Brian Di Salvo. Read more here.
SECONDARY SPLASH: CBRE IM raises $1.6B for real estate secondaries fund as liquidity stays tight. PLAYERS: Achal Gandhi, Kilian Toms. Read more here.
DATA CENTER: Data center construction backlog inched higher in December. Read more here.
DATA CENTER: Cloud Capital, Arcapita acquire Minneapolis 21MW data center with expansion plans. PLAYER: Shariar Mohajer, Martin Tan. Read more here.
DATA CENTER: Skybox Datacenters seeks approval for 350 AC campus in San Angelo, TX. Read more here.
DATA CENTER: Prologis plans 13-building data center campus on 576 AC near Indianapolis, IN. Read more here.
CleanSpark acquires 447 AC Texas site to build 600MW AI-focused data center campus. PLAYERS: Matthew Schultz, Jeffrey Thomas. Read more here.
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SOLAR: Tradepoint Atlantic launches 13.1 MW rooftop solar array — one of Maryland’s largest — to offset BWI airport electricity consumption. PLAYERS: Kerry Doyle, Shannetta Griffin, David Bloom. Read more here.
SOLAR: Aspen Power secures $200M from Deutsche Bank to expand solar projects nationwide. Read more here.
RENEWABLES: Qualitas Energy backs $200M credit facility to accelerate Heelstone’s renewable IPP growth. PLAYERS: Mike Weich, Alejandro Ciruelos, Jeremy Eisman. Read more here.
ENERGY: JLL expands internal team to focus on power-generation properties. PLAYER: Craig Both. Read more here.
ENERGY: Constellation agrees to acquire Calpine, forming 60 GW low-emission US power portfolio. 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.
