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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 San Francisco’s new AI innovation district and a $700M fund targeting distressed real estate.
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ON THE WATERFRONT: Jamestown transforms San Francisco’s North Waterfront into an emerging AI innovation district. Read more here.
DISTRESSED: Stockdale Capital Partners closes $700M real estate fund to target distressed opportunities. Read more here.
HOTEL REFI: Peachtree Group launches $250M fund to help hotels close refinancing gaps. Read more here.
FUNDRAISING DROP-OFF: CRE fundraising drops sharply as market volatility and tariff fears unsettle investors (see below). Read more here.
IOS: Alterra IOS acquires 12-property industrial outdoor storage portfolio for $67M across major U.S. markets. Read more here.
IOS: Ridgecut Road recapitalizes two IOS properties near I-287 in New Jersey with institutional backing. Read more here.
SMALL BAY: BKM Capital Partners and Kayne Anderson acquire $150M 3-property Bay Area light industrial portfolio totaling 505,000 SF. Read more here.
SMALL BAY: Decker Capital buys 30-building small bay portfolio in Vero Beach and Daytona Beach, Florida, markets for $50.4M. Read more here.
Want deeper insights on industrial alts? Subscribe to IOS List, Small Bay List, and Cold Storage List.
BTR: Taylor Morrison and Kennedy Lewis launch $3B partnership to expand Yardly build-to-rent brand. Read more here.
SENIOR HOUSING: Jonathan Rose Companies buys $83M California senior housing asset amid surging rent and demand. Read more here.
SENIOR HOUSING: MONTICELLOAM closes $218M financing package for Kentucky skilled nursing portfolio. Read more here.
STUDENT HOUSING: M&T Bank records losses on student housing loan amid drop in foreign student visas. Read more here.
SFR: Largest SFR REITs are selling more than they're buying as mom-and-pop landlords emerge as formidable competition. Read more here.
Want deeper insights on housing alts? Subscribe to BTR List and Student Housing Daily.
LIFE SCIENCE: Alexandria Real Estate Equities posts $110M Q2 loss, plans to sell another $1.1B in assets to renew focus on mega-campuses. Read more here.
CONVERSION: Tourbineau leads national push to convert vacant office buildings into self-storage facilities. Read more here.
DISTRESSED: City Office REIT to go private in $1.1B all-cash merger with Elliott-backed MCME Carell. Read more here.
DISTRESSED: Of the $290B of office loans on the books, 33% are set to mature by 2027. Read more here.
Want deeper insights on office alts? Subscribe to Med Office List.
NEIGHBORHOOD: O’Connor Capital Partners buys 86K SF retail center in Delray Beach, Florida, for $28.8M. Read more here.
MED-TAIL: Medical spas boom across retail spaces amid soaring demand and minimal regulation risks, but risks lurk for landlords. Read more here.
CHAIN EXPANSION: Bad Ass Coffee of Hawaii accelerates growth with 23 new store openings planned for 2025. Read more here.
DESTINATION: Developer plans to buy 60 acres at Sikes Senter Mall for destination retail and sports complex in Wichita Falls, Kansas. Read more here.
US office vacancy rates are surging:
Office vacancy rates reached 20.4% in Q1 2025, an all-time high.
To put this into perspective, the post-2008 Financial Crisis peak was ~17.5%
As a result, nation-wide office prices have declined by ~40% per square foot over the last 3
— #The Kobeissi Letter (#@KobeissiLetter)
3:48 PM • Jun 12, 2025
DATA CENTER: White House issues executive order to speed federal permitting for data center infrastructure development. Read more here.
DATA CENTER: Elon Musk seeks up to $12B from Valor Equity to fund xAI’s massive AI chip purchase and data center expansion. Read more here.
DATA CENTER: Aligned Data Centers plans multi-billion-dollar data campus at former Ohio coal plant site. Read more here.
CRYPTO MINING: Grupo Murano pioneers Bitcoin treasury strategy to reshape real estate finance. Read more here.
Want to go deeper on InfoTech alts? Subscribe to Data Center View.
GRID: Nine state governors threaten to pull out of PJM, the nation's largest grid operator, under strain of providing data center power. Read more here.
NAT GAS: Elon Musk’s xAI buys former natural gas plant site near Memphis, Tennessee, data center for expansion. Read more here.
ALTERNATIVES: Constellation Energy clears FERC approval for $16.4B Calpine acquisition, creating largest low-emission power company. Read more here.
SOLAR: Agilitas Energy acquires 12.5MW Rhode Island solar project, advancing state’s 100% renewable goals by 2033. Read more here.
EXTENDED STAY: Landingplace Hotels launches flexible franchising with two conversion-focused midscale brands. Read more here.
BOUTIQUE: Marriott International completes $355M acquisition of citizenM select-service brand. Read more here.
BOUTIQUE: Lark Hotels acquires historic Painted Lady boutique hotel in Birmingham, Alabama. Read more here.
STR: Ocean City, Maryland, voters reject short-term rental restrictions in special election. Read more here.
STADIUMS: D.C. council strikes revised $3.8B Commanders stadium deal promising up to $949M in city revenue over 30 years. Read more here.
STADIUMS: Buford, Georgia’s new $62M Phillip Beard Stadium opens ahead of ESPN Primetime football debut this fall. Read more here.
ARENAS: Youth sports are fueling a multibillion-dollar commercial real estate boom with massive mixed-use complexes anchored by sports facilities and entertainment. Read more here.
Me when the company I'm short announces a Sydney Sweeney collab
— #LuxAlgo (#@LuxAlgo)
8:25 PM • Jul 24, 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.
