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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 why hotels U.S. World Cup host cities lag in bookings and Goldman Sachs’ new tokenized RE fund.
Today’s issue is sponsored by IndustrialIQ — providing comprehensive analysis and insights for small bay warehouse markets.
ROOM TO IMPROVE: Canada, Mexico score higher than U.S. when it comes to World Cup hotel bookings. Read more here.
CHAIN REACTION: Goldman Sachs will launch tokenized RE fund with Apex and Archax. PLAYER: Mathew McDermott. Read more here.
WATT NOW?: Will New York Gov. Kathy Hocul sign data center moratorium? Read more here.
LOAN RANGER: Brookfield buys $890M in multifamily loans from FirstSun. PLAYER: Bill Powell. Read more here.
IOS: Realterm buys 40 AC IOS in Laredo, TX. PLAYERS: Ed Brickley, Brennan Cascarano. Read more here.
SMALL BAY: Decker Capital buys small bay park in North Miami Beach, FL, for $13.5M. PLAYERS: Liat Toledano, Shane Decker, Peleg Amzalag, Kameron Djamal. Read more here.
SMALL BAY: Hornet Real Estate buys small bay assets in Dallas and Houston metros. PLAYERS: Scott Birne, Jack Britton, Ty Underwood, William Carpenter. Read more here.
COLD STORAGE: JLL brokers $223M sale of Inland Empire cold storage to Walmart. PLAYERS: Scott Coyle, Peter McWilliams, Tim O’Rourke, Jomar Benoit. Read more here.
SELF STORAGE: Blackstone Real Estate Income Trust sells Simply Self Storage to Public Storage for $2.2B. PLAYER: Aaron A. Swerdlin. Read more here.
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GROCERY-ANCHORED: AmCap Properties buys grocery-anchored retail portfolio for $170.8M. Read more here.
GROCERY-ANCHORED: TPG acquires shopping center owner and operator ECHO Realty. PLAYER: Thomas Karet. Read more here.
NET LEASE: FCPT buys 14 Sun Auto Tire & Service properties in Midwest for $26M. Read more here.
NEIGHBORHOOD: Greenberg Gibbons launches $300M fund to acquire neighborhood retail. PLAYER: Eric Walter. Read more here.
C-STORE: Super-regional retail chains expand beyond their traditional geographic boundaries. 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.
