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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 how investors plan to spend $1T on data centers by 2030 and how Pokémon cards saved a North Carolina office building.
Today’s issue is sponsored by DealNav - the simple and affordable CRM and deal management tool with easy interface and integrated map.
WATTS UP: Investors expect to build $1T in new data centers between 2025 and 2030. Read more here.
CATCH ‘EM ALL: Life science building in Raleigh, NC, metro area gets lifeline from… Pokémon cards. Read more here.
DEATH AND TAXES: Mitt Romney calls for the end of 1031 exchanges and stepped-up basis at death. Read more here.
SPACE FILLERS: How temporary warehouse leases can fill gaps during tenant vacancies. Read more here.
STUDENT: GMH Communities and AEW Capital acquire Dockside at Clemson and Flatiron at LSU, adding 926 student housing beds. PLAYERS: Gary Holloway, Adam Schwank. Read more here.
STUDENT: Core Spaces breaks ground on 2,352-bed student housing tower in Columbia, OH. PLAYER: Austin Pagnotta. Read more here.
MANUFACTURED: FG Communities acquires Asheville, NC, manufactured housing community, expanding portfolio to 5 parks in the metro area. PLAYERS: Joe Moglia, Kyle Cerminara, Michael Anise. Read more here.
MULTIFAMILY: CEDARst breaks ground on $82M, 236-unit Las Vegas Medical District residential project. PLAYER: Will Murphy. Read more here.
BTR: Sunstone Two Tree expands Phoenix build-to-rent portfolio with 550 homes, Buckeye land buy and Mesa groundbreaking. PLAYER: Scott Maddux. Read more here.
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DISTRESSED: Real Capital Solutions buys Dallas Walnut Glen tower for $26.1M — a 64% discount to its 2016 sale price. Read more here.
DISTRESSED: Downtown Washington, DC, office headed to foreclosure as owner Cannon Hill Capital Partners owes $56.4M on debt. Read more here.
DISTRESSED: San Francisco office market rebounds in 2025 with $2.3B in sales, Blackstone and DRA lead institutional investment resurgence. Read more here.
MED OFFICE: Mohawk Medical buys Buffalo, NY, plaza for $2.58M, plans 24,000 SF medical office conversion. PLAYER: Oleg Primack. Read more here.
MED OFFICE: King County buys Seattle medical building for $39.38M to open 24/7 behavioral health crisis center. 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.
