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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 Morgan Stanley’s Fed rate prediction and CalSTRS’s $1.7B commitment to CRE alts.
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CUTS INCOMING: Morgan Stanley now expects the Federal Reserve to cut rates at its three remaining 2025 meetings and in January. Read more here.
PENSION PLAY: CalSTRS commits over $1.7B to multifamily, healthcare, debt, and industrial real estate funds. Read more here.
FAMILY AFFAIR: Family offices pool capital in commercial real estate as Realm targets $12B in collective deals. Read more here.
BTR OR BUST: Griffin Capital launches dedicated build-to-rent division led by Amherst veterans. Read more here.
IOS: Criterion, Columbia Pacific secure $180M refi loan from Axos for East Coast IOS portfolio. Read more here.
IOS: Everwood Real Estate Partners acquires 14 acre IOS in Tampa area for $10.25M. Read more here.
SMALL BAY: BKM Capital Partners buys DFW light industrial portfolio for $60.3M. Read more here.
COLD STORAGE: Multi-tenant cold storage could represent the next major industry shift. Read more here.
SELF-STORAGE: Cushman & Wakefield says self-storage market stabilizes after pandemic-era boom. Read more here.
Want deeper insights on industrial alts? Subscribe to IOS List, Small Bay List, and Cold Storage List.
SENIOR HOUSING: Huntsville, Alabama, advances $22M redevelopment of Summit Apartments into affordable housing community. Read more here.
STUDENT HOUSING: Health-focused student housing emerges as new trend in real estate investment. Read more here.
STUDENT HOUSING: Saint Joseph’s University sells large part of former University of the Sciences campus in West Philadelphia to student housing developer. Read more here.
BTR: North Carolina construction veteran shifts focus from single-family homes to build-to-rent communities. Read more here.
BTR: Greystone provides $19.8M Fannie Mae loan to refinance build-to-rent community in McKinney, Texas. Read more here.
Want deeper insights on housing alts? Subscribe to BTR List and Student Housing Daily.
MEDICAL OFFICE: Remedy and Kayne Anderson acquire Denver area Mineral Medical Plaza for $13.5M. Read more here.
MEDICAL OFFICE: Paul Hassan to build $22M, 90,000 SF medical complex on Florida’s Palm Coast. Read more here.
MEDICAL OFFICE: Cal Coast Credit Union sells San Diego medical office building for $5.35M. Read more here.
DISTRESSED: Scott Borchetta to convert part of Philips Plaza office complex in Nashville into hotel and Airbnb space. Read more here.
Want deeper insights on office alts? Subscribe to Med Office List.
BOUTIQUE: Barings and Aareal provide $303M loan to refinance Graduate Hotels portfolio. Read more here.
BOUTIQUE: Birmingham-based Arlington Family Offices acquires Harpeth Franklin Downtown hotel. Read more here.
BOUTIQUE: Trinity and Certares sell EAST Miami hotel to Blackstone Real Estate. Read more here.
EXTENDED STAY: CIM Group arranges $73.5M loans for Hilton hotels in New Orleans and King of Prussia. Read more here.
EXTENDED STAY: Roost White House opens in converted D.C. office building, targeting extended-stay guests. Read more here.
If you say “excellent choice” after somebody selects a floor in an elevator you can usually get a pity laugh
— #big diesel (#@JustBoysLaughin)
1:52 AM • Sep 10, 2025
DATA CENTERS: $246M Edged data center opens in Columbus, Ohio, metro area with AI focus and sustainable design. Read more here.
DATA CENTERS: Avaio Digital Partners breaks ground on $6B Mississippi data center with 116MW capacity. Read more here.
DATA CENTERS: Oracle announces $6M private data center expansion amid $10B AI investment boost. Read more here.
CRYPTO MINING: NIP Group acquires 3.11EHps of Bitcoin mining machines to boost crypto output. Read more here.
Want to go deeper on InfoTech alts? Subscribe to Data Center View.
NEIGHBORHOOD: Carderock JV acquires Pittsburgh’s Caste Village, plans major renovations and re-tenanting. Read more here.
NEIGHBORHOOD: CORE Investment Management acquires 260,000 SF Cortez Plaza retail center in Florida. Read more here.
C-STORE: RaceTrac to acquire Potbelly in $566M deal, expanding convenience store offerings. Read more here.
DESTINATION: Steerpoint Capital buys majority of Shoppes at Carlsbad in San Diego area, plans $4M upgrades. 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.
