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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 office loan originations nearly doubling and the race for Delaware Statutory Trusts.
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LOAN AND BEHOLD: Avison Young reports 92% year-over-year increase in office loan originations. Read more here.
EXCHANGE LANE: Alt sponsors create rush for Delaware Statutory Trusts to handle LPs’ 1031 needs. Read more here.
PROPTECH PURGE: Fifth Wall cuts staff and halts fundraising after proptech winter. Read more here.
DIRT TO DIVIDENDS: Sale of Virginia farmland for data center leads to $100M income-producing portfolio via 1031 exchange. Read more here.
STUDENT: Henderon Park and Student Quarters acquired 528-bed garden-style student housing community serving Texas State University. PLAYERS: Nicholas Weber, Andy Feinour. Read more here.
STUDENT: Greystar Development forms JV with Japanese investors to develop 606-bed student housing community at entrance to San Diego State University campus. Read more here.
BTR: Invitation Homes acquires build-to-rent developer ResiBuilt for $89M. PLAYERS: Dallas Tanner, Jay Byce. Read more here.
BTR: Silverstone Partners and JSB Capital form JV to target multifamily and BTR acquisitions. PLAYERS: Manoj Ramprakash, Bobby Svigals. Read more here.
SENIOR: Senior housing occupancy hit 89.1% — a multiyear high — by end of 2025. Read more here.
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MED OFFICE: Cushman & Wakefield brokers $56M sale of Michigan OneOncology portfolio. PLAYERS: Gino Lollio, Travis Ives, Tyler Morss, and Garrett Keais. Read more here.
MED OFFICE: CBRE sells Valley Parkway Health Center in Escondido, CA, to Neighborhood Healthcare for $36.4M. PLAYERS: Lars Eisenhauer, Dan Henry, Chris Ross, Ben Schiesl. Read more here.
DISTRESSED: Jemal family snaps up historic downtown D.C. office building for $20M after foreclosure. Read more here.
DISTRESSED: AT&T vacates downtown Dallas, leaving 1M SF in Whitacre Tower vacant. Read more here.
LIFE SCIENCES: Life sciences campus repurposed as advanced manufacturing hub after $226.5M sale and record 1.3M SF lease. PLAYER: Jeff Sheehan. 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.
