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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 a $515 million fund focused on alts and Jerome Powell’s $2.5 billion office reno.
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ALT INVESTING: Drake Real Estate closes $515M fund with a focus on IOS, small bay, data centers, MHC, and student housing. Read more here.
DISTRESSED: LNR Partners moves to seize two Manhattan office towers from The Moinian Group after a $310M loan default. Read more here.
“FED”QUARTERS: Trump allies escalate efforts to remove Fed Chair Powell over costly headquarters renovation project. Read more here.
STUDENT HOUSING: Hancock Whitney lends $226M for West Palm Beach student tower with 990 beds. Read more here.
BIG LEAGUES: Dream Finders CEO Patrick Zalupski to buy Tampa Bay Rays in $1.7B deal, pending MLB approval. Read more here.
MHC: UMH acquires two Maryland manufactured home communities for $14.6M, expanding footprint to 143 properties. Read more here.
BTR: Cavan Cos. sells 159-unit build-to-rent community in Phoenix metro area to AEW Capital for $66M. Read more here.
SENIOR HOUSING: Town Lane acquires 373-unit Florida senior housing portfolio in Naples and Sarasota in firm’s sector debut deal. Read more here.
SFR: Single-family rental prices jump 41% in five years, outpacing multifamily amid affordability crisis. Read more here.
STUDENT HOUSING: Timberline acquires $75M University of Arkansas student housing complex with 840 beds, 268 units. Read more here.
Want deeper insights on housing alts? Subscribe to BTR List and Student Housing Daily.
IOS: Steel Peak sells industrial outdoor storage property in San Diego metro area for $9.5M to oil-and-gas manufacturer. Read more here.
SHALLOW BAY: Faropoint acquires 1.8M SF industrial portfolio for $328M in largest deal to date. Read more here.
SMALL BAY: Central Oregon industrial market stabilizes as demand shifts to smaller, flexible, high-power units. Read more here.
SELF STORAGE: Self storage sales surge 37% in Q1 2025 as investors target tight, high-demand submarkets. Read more here.
Want deeper insights on industrial alts? Subscribe to IOS List, Small Bay List, and Cold Storage List.
LIFE SCIENCE: Skanska tops out $248M Cold Spring Harbor AI and life sciences project on Long Island. Read more here.
LIFE SCIENCE: Are plug-and-play lab suites the new small bay equivalent for life science projects? Read more here.
MED OFFICE: SFERS commits $60M to Artemis fund targeting U.S. healthcare and senior housing properties. Read more here.
CO-WORKING: Venture X opens 30,000-SF coworking space in Boca Raton’s Palmetto Central campus. Read more here.
DISTRESSED: Owner-occupier deals surge as tenants buy offices amid falling values and tighter capital. Read more here.
Want deeper insights on office alts? Subscribe to Med Office List.
EXPERIENTIAL: Chuck E. Cheese expands with Chuck’s Arcade, opening unique, mall-based venues targeting nostalgic adults and new customers. Read more here.
NEIGHBORHOOD: First National Realty Partners acquires fully leased Winslow Plaza in affluent Sicklerville, NJ, boosting Philadelphia-area retail portfolio. Read more here.
LEASING: Kimco Realty streamlines leasing with dynamic vacancy webpages offering real-time data and virtual tours for 1,200+ spaces. Read more here.
C-STORE: C-stores boost loyalty and sales by personalizing offers and enhancing customer engagement with new technology. Read more here.
there’s no way😭
— #kira 👾 (#@kirawontmiss)
6:38 PM • Jul 14, 2025
DATA CENTERS: Demand for adaptive, modular data centers surges as AI reshapes power and cooling requirements. Read more here.
DATA CENTERS: Skyward and Aeris spend $60M on 1,200 AC of land for data center projects in Chesterfield, Virginia. Read more here.
Want to go deeper on InfoTech alts? Subscribe to Data Center View.
CRYPTO MINING: American Bitcoin raises $220 million to expand Bitcoin mining, backed by Trump sons and Hut 8 partnership. Read more here.
CRYPTO MINING: CoreWeave resumes bid for Core Scientific. Read more here.
SOLAR: Arevon Energy secures $600M credit facility to support US solar and battery storage expansion. Read more here.
SPORTS ARENAS: Youth sports complexes drive CRE boom with $1B projects, public-private deals, and hotel anchors. Read more here.
EXTENDED STAY: Extended stay hotel market to reach $85B by 2034 amid shifting travel and work trends. Read more here.
BOUTIQUE: Retail billionaire Amancio Ortega buys Paris luxury hotel for $113M in second deal this year. Read more here.
RV PARKS: Luxury RV resorts transform parks into high-end communities with custom homes and upscale amenities. Read more here.
EXPERIENTIAL: Lucky Strike Entertainment buys 58 locations for $306M to cut rent costs and lease risks. Read more here.
Uber has no cars.
Airbnb has no hotels.
Epstein had no clients.This is the new Economy.
— #Bojan Tunguz (#@tunguz)
7:15 PM • Jul 15, 2025
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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.
