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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 where BTR construction is concentrated and the rise of EIOS.
Today’s issue is sponsored by IndustrialIQ — providing comprehensive analysis and insights for small bay warehouse markets.
SOUTHERN STARTS: US Sun Belt leads build-to-rent construction activity. Read more here.
POWER TRIP: Electrified industrial outdoor storage (EIOS) sites are becoming a hot commodity for data centers, EV fleets, logistics. PLAYERS: Chad Tredway, Justin Horowitz, Josephine Tucker, Max Heiden. Read more here.
THE REIT STUFF: AvalonBay, Equity Residential plan $69B merger to create largest US apartment REIT. PLAYERS: Benjamin Schall, Mark Parrell. Read more here.
CLO-CLOSURE: Värde Partners closes $1B CLO backed by industrial, multifamily CRE loans. PLAYER: Melissa Band. Read more here.
SHALLOW BAY: Basis Industrial buys Atlanta-area shallow bay portfolio for $89.5M. PLAYERS: Anthony Scavo, Owen Middour. Read more here.
SMALL BAY: Harbor Associates/Farallon Capital Management JV buys Los Angeles-area small bay campus for $81M. PLAYERS: Gary Martinez, Shaun Moothart, Bob Ybarra, Andrew Post, Brandon Bachner. Read more here.
IOS: Realterm buys 24 AC IOS in Dallas-Fort Worth metro area. PLAYERS: Ed Brickley, Joe Noon, Gianni Vissat, Glenn High, Brian Dowling, Jack Battles, Brennan Cascarano, Tommy Feeney, Jack Devlin. Read more here.
IOS: Curran Commercial sells 16.1 AC IOS in Cranbury, NJ, for $20.13M. PLAYERS: Ben Shapiro, Kellen Murphy. Read more here.
SELF STORAGE: Marcus & Millichap arranges sale of 423-unit self storage property in Fort Wayne, IN. PLAYERS: Jeff Herrmann, Sean Delaney, Julia Evinger. Read more here.
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QSR: Ohio-based Donatos Pizza plans expansion into Florida. PLAYER: Jeff Baldwin. Read more here.
QSR: Generation Income Properties sells Tampa Starbucks for $3M. Read more here.
NET LEASE: FCPT buys Gerber Collision property in NC for $3.5M. Read more here.
C-STORE: Mirabito buys 9 Quicklee’s locations in Western NY. 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.
