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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 Brookfield’s attempt to become the landlord of the AI cloud and the volume of BTR units under construction.
Today’s issue is sponsored by DealNav - the simple and affordable CRM and deal management tool with an easy interface and integrated map.
BTR BOOM: More than 64,000 build-to-rent units are currently under construction in the U.S. Read more here.
CLOUD CASHFLOW: Brookfield makes $10B bet to become the new “landlord of the AI cloud.” Read more here.
REIT SWEETENER: BREIT offers 1% bonus to lure new investors in Q1. Read more here.
FAST LANE: How CH Robinson created bespoke AI to respond to customer quotes in just 32 seconds. Read more here.
DATA CENTER: Jacobs, Hut launch $10B campus in West Feliciana Parish, LA. PLAYER: Bob Pragada. Read more here.
DATA CENTER: EdgeConneX to build $1.4B campus in Cedar Creek, TX. Read more here.
DATA CENTER: Prologis pitches 600 AC, 13-building data center campus in Indianapolis area. Read more here.
CELL TOWERS: StratCap Digital Infrastructure REIT sells 48 cell towers for $55.1M. Read more here.
CRYPTO MINING: BitVentures ventures into crypto mining with purchase of Bitmain rigs. Read more here.
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NAT GAS: Lotus Infrastructure Partners buys Caithness Long Island Energy Center. Read more here.
NAT GAS: Vistra Corp. adds 10 natural gas generation facilities with 5,500 MW of gas capacity through $4B Cogentrix Energy acquisition. Read more here.
CLEAN ENERGY: Google parent Alphabet buys Intersect for $4.75B. Read more here.
CLEAN ENERGY: Pattern Energy Group acquires Cordelio Power, portfolio of 16 wind, solar, and storage projects in Canada and the US. PLAYERS: Hunter Armistead, Chris Hind. Read more here.
CLEAN ENERGY: Jabil Inc. buys Hanley Energy Group for $725M. PLAYERS: Matt Crowley, Clive Gilmore. 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.
