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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 rent tax relief in Florida and AI’s $34 billion impact on real estate operations.
Today’s issue is sponsored by DealNav - the simple and affordable CRM and deal management tool with easy interface and integrated map.
RENT RELIEF: Florida drops nation’s only commercial rent tax, boosting CRE demand and tenant savings. Read more here.
PAVED PARADISE: Fertitta’s $270M Las Vegas Strip site remains undeveloped, used only as a parking lot. Read more here.
CRYPTO RESORT: Developer uses crypto tokens and questionable SEC filings to pitch a $650M destination center in rural Georgia. Read more here.
AI IMPACT: AI could drive $34B in real estate savings by 2030 through labor automation, efficiencies. Read more here.
DATA CENTER: Meta seeks $30B from private equity firms such as KKR Apollo, and Brookfield for AI data centers, scaling back $35B plan. Read more here.
BTR: Phoenix leads US BTR surge with 11,500 units as Sun Belt drives 57% of builds. Read more here.
SENIOR HOUSING: CBRE survey finds investors expect 3–7% senior housing rent growth, lower cap rates ahead. Read more here.
SENIOR HOUSING: Varcity partners with Texas A&M, Purdue to launch intergenerational senior housing near campus by 2027. Read more here.
STUDENT HOUSING: University of Mississippi, Greystar partner to deliver 2,700 modular beds by 2027 via P3 model. Read more here.
STUDENT HOUSING: Morgan Stanley, Scion Group form $262M JV to acquire 2,000-bed student housing near Ole Miss. Read more here.
Want deeper insights on housing alts? Subscribe to BTR List and Student Housing Daily.
SMALL BAY: BKM and Kayne Anderson form $1.5B JV targeting light industrial properties nationwide. Read more here.
SELF-STORAGE: StorageMart and Manhattan Mini Storage expand management portfolio with 27 former Metro Storage facilities across seven states. Read more here.
IOS: Modal and Centerbridge secure Apollo financing for UK industrial outdoor storage portfolio growth. Read more here.
COLD STORAGE: RL Cold, BGO secure $78.5M refinancing loan for cold storage facility in Lula, GA. Read more here.
Want deeper insights on industrial alts? Subscribe to IOS List, Small Bay List, and Cold Storage List.
DISTRESSED: Oaktree Capital’s strategic LA office moves highlight prime assets thriving despite high vacancies. Read more here.
DISTRESSED: Orion Properties rejects $2.50 per share takeover bid, citing undervaluation. Read more here.
LIFE SCIENCE: Alexandria signs largest life sciences lease at Campus Point in San Diego. Read more here.
MEDICAL OFFICE: Cushman & Wakefield helps secure $37.1M financing for Scottsdale, AZ, medical building acquisition. Read more here.
MEDICAL OFFICE: Marcus & Millichap sells and finances 10,828-square-foot medical office in Ormond Beach, FL, for $5.26M. Read more here.
Want deeper insights on office alts? Subscribe to Med Office List.
EXPERIENTIAL: Printemps New York offers a European-inspired, lifestyle-focused alternative to the broken American department store model. Read more here.
EXPERIENTIAL: Cinemex Holdings USA files for bankruptcy again amid ongoing struggles in the movie theater industry. Read more here.
NET LEASE: Mid-market banks tap into their real estate with sale-leasebacks to free up capital amid rising rates and digital shifts. Read more here.
NET LEASE: FrontView REIT appoints Pierre Revol as chief financial officer to lead growth and capital strategy. Read more here.
Looked up an off market warehouse.
Found the LLC.
Found the sellers.
Found the trust.
Found the daughter.
Found her wedding planner.
Now I’m on their Pinterest board trying to figure out when dad will need liquidity to cover this expensive ass wedding.Don’t judge my due
— #Cassandra Hartford (#@SpaceCoastCRE)
11:12 PM • Jul 16, 2025
DATA CENTER: Data center colocation market to reach $204.4B by 2030, driven by AI, hybrid cloud, and data sovereignty regulations. Read more here.
DATA CENTER: EdgeCore plans $17B data center campus in Louisa County, VA, boosting AI and cloud capacity amid regional tech growth. Read more here.
DATA CENTER: Vantage Data Centers invests $3B in 224MW Nevada campus, supports AI, creates 1,200 jobs, and pursues Tier II growth. Read more here.
DATA CENTER: CoreWeave plans $6B AI data center in Lancaster, PA, with 100MW capacity, creating 175 jobs, boosting regional AI infrastructure growth. Read more here.
Want to go deeper on InfoTech alts? Subscribe to Data Center View.
GRID: AI strains power grids and could cause energy prices to spike by 20%. Read more here.
NAT GAS: Blackstone JV with PPL Corp. to invest $25B in Pennsylvania nat gas facilities for data centers. Read more here.
CASINO: Tutor Perini awarded $220M to expand Eagle Mountain Casino with hotel, events center, by 2027. Read more here.
EXTENDED STAY: Newport Hospitality expands in Columbia, SC with addition of TownePlace Suites Marriott. Read more here.
BOUTIQUE: International House acquires two historic New Orleans buildings, plans secret pathways and redesign by top architects. Read more here.
Every Jurassic Park movie should end with an insurance adjuster getting a phone call and immediately throwing up
— #Matt Margolis (#@ItsMattsLaw)
1:10 AM • 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.
