Good morning. Welcome to CREalts! Every day, we cover the top stories in alternative CRE sectors. Today, we learn about how SpaceX’s IPO could accelerate data center demand and how CRE loan workouts are getting tougher.
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SPACE CASE: How the $75B SpaceX IPO will turbocharge terrestrial and extraterrestrial data centers. Read more here.
WORKOUT WOES: CRE loan workouts get tougher as $1T debt maturity wall looms. Read more here.
TEEN AGE: LONG senior housing and SHORT student housing as the US hits ‘peak 18-year-old’. Read more here.
SUITE RETURNS: Hotel investors are focusing on luxury and upscale leisure properties, report finds. Read more here.
STUDENT HOUSING: New Mountain Capital to acquire Asset Living. PLAYER: Ryan McGrath. Read more here.
STUDENT HOUSING: Hackberry Lane expands with 6 acquisitions in Florida and Arkansas. Read more here.
BTR: CREED secures $34M financing for Austin-area BTR development. Read more here.
BTR: Cushman & Wakefield brokers sale of 72 BTR units in Atlanta area. PLAYERS: Taylor Bird, Nelson Abels, Parker Caldwell, Jaime Slocumb. Read more here.
MANUFACTURED: PSRS arranges $29.5M acquisition loan for Northern California mobile home park. PLAYERS: Michael Tanner, David Sarnoff. Read more here.
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MED OFFICE: Montecito Medical acquires 5-building Michigan oncology portfolio totaling more than 152,000 SF. Read more here.
MED OFFICE: BGO buys MOB in Tampa, FL, area, from Healthcare Real Estate. PLAYERS: Kevin Yen, Chris Bodnar, Brannan Knott, Zack Holderman, Anthony Sardo, Cole Reethof, Jesse Greshin. Read more here.
LIFE SCIENCE: US life sciences real estate reaches turning point. Read more here.
DISTRESSED: 601W buys distressed Los Angeles office tower from Brookfield with $132M loan. PLAYERS: David Blumberg, Ran Eliasaf. Read more here.
DISTRESSED: Jankow Cos. buys 2 office towers in Albany, NY, at deep discount. PLAYERS: Ryan Jankow, Michael Coghill, Jacob Brenner. 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.
