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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 cratering retail construction and the looming infrastructure problem.
Today’s issue is sponsored by BTR Summit — Atlanta 2026. High-signal. Recognizable names. Curated attendance. Request an invitation here → link
BUILD-A-BARE: US retail construction completions fall to 20-year low in Q1. Read more here.
THE BIG FIX: US cities face a $1.03T infrastructure reckoning. Read more here.
DEBT DATA DYNASTY: Fitch Group to expand CRE data capabilities with acquisition of Trepp for rumored $1B. PLAYERS: Rachel Lojko, Annemarie DiCola. Read more here.
DORMS TO DOORMEN: Facing declining enrollment, Boston’s Salem State University plans to shrink campus, develop luxury apartments. Read more here.
BTR: Thompson Thrift sells Phoenix-area BTR community for $45.85M. PLAYERS: Steve Gebing, Cliff David. Read more here.
BTR: Trinitas Ventures breaks ground on $80M multifamily development in Knoxville, TN. PLAYERS: Loren King, Eric Wojak, Adrien Dannemiller. Read more here.
STUDENT HOUSING: Elevate Development Partners secures $116M loan for student housing serving Texas State University. PLAYERS: Steven Jemal, Sean Reimer, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz. Read more here.
STUDENT HOUSING: PGIM, Fetner Properties buy Bronx property from Columbia University for $64M. PLAYERS: Aaron Weaver, Eric Roth, Adam Spies, Brett Siegel, Tyler Signora. Read more here.
SENIOR HOUSING: NHI senior housing REIT has so far closed on more than $212M in investments this year. Read more here.
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MED OFFICE: BGO acquires 2 Class A endoscopy surgery center properties in Orlando metro area. Read more here.
MED OFFICE: Montecito Medical Real Estate buys orthopedic med office in metro Phoenix for $32.3M. Read more here.
DISTRESSED: Have distressed office sales reached a turning point? Read more here.
DISTRESSED: Public buyout may be in cards for former CNN Center in Atlanta. Read more here.
CO-WORKING: Industrious plans 2 new co-working spaces in Manhattan. PLAYER: Natalie Levine. 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.
