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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 Hollywood’s new power plot and the new risk to data centers: war.
Today’s issue is sponsored by DealNav - the simple and affordable CRM and deal management tool with an easy interface and integrated map.
SPACE JAM: Paramount’s proposed Warner Bros. buy would create major studio real estate overlap, likely driving consolidation, vacancies, and subleases. Read more here.
CLOUDS OF WAR: Iran conflict damages 2 AWS data centers in UAE. Read more here.
SPANNING THE GAP: Benefit Street Partners raises $10B for CRE bridge debt. PLAYERS: Michael Comparato, Allison Davi. Read more here.
REIT RALLY: REITs outperformed the major stock indices in February. Read more here.
BTR: Trilogy Investment breaks ground on 190-unit BTR townhome community in Austin, TX. PLAYER: Jason Joseph. Read more here.
BTR: NexMetro launches BTR investment fund. PLAYER: Ryan Krafczik. Read more here.
STUDENT HOUSING: Landmark Properties buys 556-bed community serving Texas Tech University. Read more here.
STUDENT HOUSING: Washington Intl. Service Executives buys 49-unit asset near University of Tampa for $21.8M. Read more here.
SENIOR HOUSING: Pegasus Senior Living acquires 10 ex-Brookdale communities in Texas. PLAYER: Chris Hollister. Read more here.
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MED OFFICE: Joint venture between Cypress West Partners and TPG Angelo Gordon acquires 91,212 SF MOB in Scottsdale, AZ. Read more here.
MED OFFICE: Montecito Medical acquires urology MOB in Atlanta suburb. PLAYERS: Rus Gudnyy, Chip Conk. Read more here.
MED OFFICE: JLL Income Property Trust buys outpatient medical center in Boston area. PLAYER: Allan Swaringen. Read more here.
COWORKING: New State Capital Partners buys Vast Coworking Group, 200 offices totaling 2.7M SF. Read more here.
DISTRESSED: Pair of office buildings in Aurora, CO, sell for a deeply discounted $8.8M. 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.
