Good morning. Welcome to CREalts! Every day, we cover the top stories in alternative CRE sectors. Today, we learn about how CRE investors are using AI and why REITs are favoring coastal properties.
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RESEARCH ROBOTS: Market research is primary driver of AI adoption among CRE investors. Read more here.
BEACH BUMS: Apartment REIT investors value coastal multifamily at cap rates over 6% vs. private transactions in 4-5% range. Read more here.
MEGA BYTES: New data center in Northern VA gets nearly $1B refi from Blue Owl. Read more here.
NO ROOM: Lab availability in US drops for 1st time in 4 years. Read more here.
EXTENDED STAY: LivAway opens 3rd Arizona extended stay location. Read more here.
EXTENDED STAY: Extended stay hotel occupancy rates hit 3-year high. Read more here.
RESORT: Hilton converts Ocean’s Edge Resort & Marina to Hilton Key West Resort & Marina on Stock Island. PLAYER: Leonard Gooz. Read more here.
BOUTIQUE: Nehgbourgood sells San Francisco’s Sutter Mansion hotel for $7.3M. PLAYERS: Alex Lee-Bull, Lauren Lamb, Murray Clark. Read more here.
RESORT: Henderson Park enters Puerto Rico market qith acquisition of Hyatt Regency Grand Reserve. PLAYERS: Nicholas Weber, Warren Fields. Read more here.
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SKI RESORT: Sixth Street, Riller Capital buy Park Hyatt Beaver Creek Resort & Spa in Colorado for $176M. Read more here.
SURF PARK: Pharrell Williams’ $350M VA surf park offer free lessons for kids. Read more here.
SURF PARK: Luxury surf park set to open in CA’s Palm Desert next year. Read more here.
GOLF RESORT: South Street Partners buys Crystal Springs Resort in NJ. Read more here.
ARENA: Bluestar Alliance reportedly fails to pay naming rights for Fort Worth’s Dickies Arena. 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.
