Together with
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 a mega data center loan and NorthPoint’s largest fund to date.
Today’s issue is sponsored by IndustrialIQ — providing comprehensive analysis and insights for small bay warehouse markets.
DATA DRIVE: Aligned Data Centers gets $2.58B credit facility to expand US portfolio. PLAYERS: Andrew Schaap, Meghan Baivier. Read more here.
BIG BUCKS: NorthPoint Development closes largest fund to date with $1.3B, plans $4B in industrial acquisitions. PLAYER: Mark Pomerenke. Read more here.
LOGISTICS LOCK: EQT sells 7.3M SF portfolio of industrial assets to Ares Real Estate fund for $650M. PLAYERS: John Huguenard, Trent Agnew, William McCormack. Read more here.
BABY BOOMER BOOM: Why lenders are flocking back to senior housing projects. Read more here.
IOS: Outpost adds 5 new industrial outdoor storage properties to its portfolio. PLAYERS: Trent Cameron, Patrick Sullivan, Rob Brandt, Chenying Zhao, Nick Rini. Read more here.
IOS: Midwest CRE Advisors sells 16.5 AC site in Kansas City area. PLAYERS: Logan Freeman, Nick Morales. Read more here.
SMALL BAY: The Terrace Group buys Minneapolis area flex park for $29.65M. PLAYERS: Todd Geller, Andrew Sinclair, Bentley Smith. Read more here.
SELF STORAGE: Marcus & Millichap brokers sale of IN Self Storage in Estes Park, CO. PLAYERS: Thomas Parsons, Adam Schlosser. Read more here.
COLD STORAGE: Bob Evans Farms leases cold storage facility near Dayton, OH. PLAYERS: Nelson Yoder, Brent Crawford, Bob Hoying, Mike McCoy. Read more here.
➡ Want deeper insights on industrial alts? Subscribe to IOS List, Small Bay List, Cold Storage List, and Self Storage List.
Many of you have shared that finding good small bay deals is getting harder. You're not doing anything wrong — the tools just don't work.
LoopNet/Costar/Crexi wasn't built for this. And chasing ownership data is a nightmare.
IndustrialIQ is the first platform I've seen that’s built specifically for us.
Code SMALLBAY10 gets you 10% off.
GROCER-ANCHORED: Sterling Organization sells 7-property retail portfolio to Nuveen for nearly $300M. PLAYERS: Jordan Fried, Bob Dake. Read more here.
QSR: KKR buys Northing Bundt Cakes from Dunkin’ owner Roark Capital. Read more here.
SHOPPING MALLS: Gen Z is keeping America’s luxury shopping malls in business. Read more here.
NET LEASE: Net lease deals increasingly incorporate escalation clauses to hedge against inflation and rising operating costs. Read more here.
DISCOUNT: Dollar stores are attracting higher-income consumers as inflation persists. Read more here.
→ Make someone’s day. Forward CREalts to clients and colleagues!
~~
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.
