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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 CRE lending trends and Fortress’ new 1031 exchange platform.
Today’s issue is sponsored by DealNav - the simple and affordable CRM and deal management tool with easy interface and integrated map.
SPREAD CALM: CRE lending spreads stay steady despite oil price shocks and energy volatility. Read more here.
DEAL-AWARE TRUSTS: Fortress launches 1031 exchange platform targeting senior housing, student housing, and multifamily properties. PLAYER: Eli Edwards. Read more here.
LAWGORITHM: AI-enabled title firm acquires law practice in Florida. PLAYER: Natalia Karayaneva. Read more here.
STORAGE GRAB: Public Storage acquires National Storage Affiliates for $10.5B. PLAYER: David Cramer. Read more here.
IOS: Cooper-Horowitz arranges $103M loan from PGIM for Alterra IOS. PLAYERS: Justin Horowitz, Scott Whittle, Kate Mooney, Justin Levitt. Read more here.
IOS: Jadian IOS buys 13.1 AC IOS near Austin, TX. PLAYERS: Kees t’Sas, Alex Stahl, Matt Perlmutter, Daniel Schuchinsky. Read more here.
SHALLOW BAY: NAI James E. Hanson sells shallow bay portfolio in Westchester Co., NY. PLAYERS: Jordan Avanzato, Christopher Todd, William Ericksen. Read more here.
COLD STORAGE: Cold-Link to expand, upgrade facility in Providence, RI, area. PLAYERS: Michael Mandich, Nick Mandich. Read more here.
SELF STORAGE: Wentworth Property Co. buys Smyrna Storage Center in Nashville metro area. PLAYERS: Jordan Farrer, Adam Schlosser, Jody McKibben. Read more here.
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LIFESTYLE: Redwood West and Panatonni buy California’s Victoria Gardens retail center in $530M deal. Read more here.
DISCOUNT: Dollar General to introduce new store format and launch loyalty program. PLAYER: Todd Vasos. Read more here.
ESSENTIAL: Private equity firm Monomoy Capital Partners buys Jiffy Lube from Shell. PLAYERS: Lee Mlotek, Daniel Collin. Read more here.
NET LEASE: GBT Realty raises $1.3B for retail development and acquisitions. PLAYER: Brian Dawson. Read more here.
TRENDS: Florida and Carolina metros lead retail resilience with low vacancies and steady rent growth. 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.
