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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 Bridgepoint’s bid for Kayne Anderson and the newest hot industrial hubs.
Today’s issue is sponsored by IndustrialIQ — providing comprehensive analysis and insights for small bay warehouse markets.
RAISING KANE: Bridgepoint to buy Kayne Anderson in deal worth nearly $1.4B. PLAYER: Al Rabil. Read more here.
INLAND EMPIRE: Why the best cities for industrial CRE landlords may be in the Midwest. Read more here.
GLOW UP: Saks parent emerges from bankruptcy with new name, smaller footprint. PLAYER: Geoffroy van Raemdonck, Dave Kimbell. Read more here.
FUND GIANTS: Blue Owl and Ares outpace other private CRE investors in fundraising efforts. Read more here.
IOS: Zenith buys 30 AC IOS portfolio across the DFW and Tulsa, OK. PLAYERS: Vinh Thai, Peter Cannon, Andrew Wiesemann. Read more here.
MIDBAY: Corepoint Real Estate sells midbay industrial facility in Atlanta MSA. PLAYERS: Matthew DiVito, Abe Smouha, Marc Smouha. Read more here.
SMALL BAY: BKM Capital Partners buys light industrial campus in Los Angeles area for $95M. PLAYERS: Michael Grossner, Brett Turner, Brent Bjorndahl, Chase Hall, Danielle Ramos, Adam Candler, Vy Pham. Read more here.
COLD STORAGE: Target opens $367M food distribution center in Denver area. Read more here.
SELF STORAGE: Marcus & Millichap arranges sale of Public Storage in Las Vegas. PLAYERS: Ian Lindahl, Jordan Farrer. Read more here.
➡ Want deeper insights on industrial alts? Subscribe to IOS List, Small Bay List, Cold Storage List, and Self Storage List.
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BIG BOX: Walmart tries out ‘dark store depots’ to make e-commerce more efficient. Read more here.
C-STORE: Texas to get 2 more Buc-ees locations. Read more here.
C-STORE: Casey’s plans 400 stores in 3-year growth plan. Read more here.
DESTINATION: Gourmet cafe opens non-traditional location in Dallas furniture store. PLAYER: Doug Stritzel. Read more here.
MIXED-USE: Walker & Dunlop arranges $375M construction loan for Jersey City, NJ, project. 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.
