Good morning. Welcome to CREalts! Every day, we cover the top stories in alternative CRE sectors. Today, we learn about why investors are favoring shorter loan terms and the new “space race.”
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BORROWED TIME: CRE borrowers choose shorter-term CMBS financing as economic instability persists. Read more here.
SPACE RACE: As data centers face opposition on Earth, developers look to space. Read more here.
RESCALE: Tech tenants are demanding bigger offices. Read more here.
WOOD WORK: New Forests expands forestry portfolio with Pacific Northwest acquisition. Read more here.
STUDENT: L3 Campus and Declaration Partners launch student housing joint venture with acquisition near University of Florida. PLAYERS: Todd S. Rich, David Salmanson, Matthew Cohen. Read more here.
STUDENT: MIRA Properties secures $15.7M for office-to-student housing conversion in Baltimore. Read more here.
AFFORDABLE: Capital One closes $96.2M letter of credit to backstop construction of NYC project. PLAYER: Loretta Duffy. Read more here.
BTR: Forman Capital closes $49.4M construction loan for Nashville BTR community. PLAYERS: Scott Mehlman, Ty Regnier, Cameron Fleury, Ben Jacobson, Brett Forman. Read more here.
BTR: Trilogy Investment secures $30.7M loan for 122-unit BTR in Georgia. PLAYER: Jason Joseph. Read more here.
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MED OFFICE: Echo Real Estate Capital buys Landmark Medical Park in Columbia, SC. Read more here.
MED OFFICE: Montecito Medical buys 4-building portfolio in NC. PLAYERS: Rus Gudnyy, Chip Conk. Read more here.
LIFE SCIENCES: Life sciences only asset class with projected negative rent growth through 2030. Read more here.
DISTRESSED: Blackstone defaults on $343M Chicago office tower. Read more here.
DISTRESSED: 34% of Philly office CMBS loans are distressed. 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.
