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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 a sign of relief from the BTR industry and AI and rental fraud.
Today’s issue is sponsored by IndustrialIQ — providing comprehensive analysis and insights for small bay warehouse markets.
RED TAPE RETREAT: House lawmakers remove build-to-rent restrictions from housing bill. Read more here.
SCAM BOTS: Artificial intelligence is being used for renter fraud. Read more here.
TRUST ISSUES: The good, the bad, and the ugly of alt REITs in Q1. Read more here.
which leads us to…
SILICON STAKES: Blackstone data center REIT launches IPO, hits $1.75B target. Read more here.
IOS: Golden Lion Capital facilitates sale of 7 AC IOS in Charlotte, NC, to Jadian for $8.757M. PLAYERS: Jack Wood, Jeff Feldman, Cole Scanlon, Lyman Phillips. Read more here.
IOS: Marble Capital closes $5.5M preferred equity investment in Houston IOS. PLAYERS: Yunus Jaffrey, Cameron Keel, Michael Khourie. Read more here.
SMALL BAY: CenterSquare buys small bay portfolio in Jacksonville, FL. PLAYER: Brian Stutz. Read more here.
SMALL BAY: Strata and Unilev buy small bay industrial portfolio in High Point, NC. PLAYERS: Ian Konowitch, Peter Berges, Raymond Levy, Nitin Chexal, Nolan Ashton, Tommy Whitmore, Jeff Sause, Chad Morgan, Danny Ryan. Read more here.
COLD STORAGE: Americold, EQT fund form $1.3B cold storage JV. PLAYERS: Rob Chambers, Alexander Greenbaum. 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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GROCERY-ANCHORED: 11North buys grocery-anchored retail center in Orlando, FL, metro for $60M. Read more here.
GROCERY-ANCHORED: Phillips Edison & Co. announces new Vice President of Acquisitions. PLAYERS: Dan Sutherland, Dave Wik. Read more here.
DESTINATION: Aritzia signs lease on Manhattan’s Columbus Circle. Read more here.
C-STORE: Casey’s buys out CEFCO store, expands to Gulf coast. 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.
