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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 $240M Midwest senior housing recapitalization and a Chicago office tower that sold for a fraction of its 2019 price.
Today’s issue is sponsored by DealNav - the simple and affordable CRM and deal management tool with an easy interface and integrated map.
SENIOR MOMENT: BWE arranges $240M recapitalization of Midwest senior housing portfolio with 96% to 99% occupancy. Read more here.
CAMPUS CASH: HPP Equity acquires 834-bed student housing property near Western Michigan University. Read more here.
INDUSTRIAL STRENGTH: RevKo, JLL break ground on 457,000 SF North Houston manufacturing campus. Read more here.
OFFICE DISCOUNT: Investors acquire Chicago’s 121 W. Wacker office tower for $30M, one-quarter of its 2019 price. Read more here.
DATA CENTER: Amazon buys 23 AC Chantilly, VA, data center site for nearly $100M. Read more here.
DATA CENTER: Lambda plans $33.1B data center campus in Lowndes Co., AL. Read more here.
DATA CENTER: Google plans $17B data center campus in Laramie Co., WY. Read more here.
DATA CENTER: Riot Platforms signs 910 MW Anthropic lease for Corsicana campus in Texas. Read more here.
DATA CENTER: WhiteFiber buys 2 North Carolina sites for $60M. Read more here.
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BATTERY STORAGE: Calibrant Energy secures $145M financing for solar and battery projects, including 120 MWh serving a hyperscale data center. Read more here.
ENERGY: SpaceX plans $24B gas-fired power plant and supercomputing facility in Starbase, TX. Read more here.
FUEL CELLS: Google’s planned $17B Wyoming data center will draw power from a proposed 702 MW fuel-cell project. Read more here.
POWER GENERATION: QTS plans 2 GW of dedicated gas, fuel-cell, and battery generation for Pennsylvania data center project. 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.
