Good morning. Welcome to CREalts! Every day, we cover the top stories in alternative CRE sectors. Today, we learn about the top cities by sales volume for healthcare CRE and global data center demand.
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MED METROS: These are the hottest cities for healthcare CRE. Read more here.
SERVER STRAIN: CBRE report shows global data center demand outpaces supply. Read more here.
ICE MELT: DHS gives up on $38.3B warehouse spending spree, looks to offload $700M of industrial properties. Read more here.
CRUDE AWAKENING: How rising oil prices put pressure on plastics needed for construction. Read more here.
BTR: Strata Equity acquires Raleigh, NC< townhome community for $6.6M. PLAYER: David Michan. Read more here.
BTR: Associated Bank provides $8.8M construction loan for Wisconsin BTR community. PLAYER: Danielle Maletzke. Read more here.
STUDENT HOUSING: Hawkins Way Capital and Varde Partners buy student housing on Manhattan’s Upper West Side for $80M. PLAYER: Ross Walker. Read more here.
STUDENT HOUSING: Student Quarters secures $63.8M refi for asset serving Mississippi State University. PLAYERS: Gregg Shapiro, Mike Brady, Sam Tarter, Christian Johnston, Connor McCarthy. Read more here.
AFFORDABLE HOUSING: PNC announces closing of $251.4M affordable housing fund. Read more here.
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MED OFFICE: Berkadia secures $37.6M C-PACE financing for med facility in Washington, DC. PLAYERS: Brian Gould, Natalie Hershey, Patrick McGlohn, Patrick Cunningham, Hunter Wood. Read more here.
MED OFFICE: Medical facility in Chicagoland trades hands for $23.4M. PLAYERS: Alex Sharrin, Tom Hollinden. Read more here.
MED OFFICE: Outpatient med building absorption rate rises 71% year over year. Read more here.
DISTRESSED: Spirit Airlines HQ in Dania Beach, FL, to be sold at auction in July. Read more here.
DISTRESSED: Investor buys Midtown Manhattan office building for $330M discount to 2019 sale price. 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.
