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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 wildly diverging cap rates and whether AI will replace CRE industry workers.
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CAP RATE DEEP DIVE: Alternative CRE sectors like cold storage and medical office drive cap rate divergence in 2025. Read more here.
ROBOT REPLACEMENT: Starwood’s Barry Sternlicht says AI will replace workers as real estate embraces automation’s next phase. Read more here.
CHECKOUT TIME: Sonder collapses under financial strain and plans Chapter 7 bankruptcy after failed Marriott integration. Read more here.
FLIGHT CLUB: Air taxi company Archer Aviation buys Los Angeles airport for $126M. Read more here.
SELF-STORAGE: Self-storage REITs face cooling demand but maintain strength through disciplined balance sheets. Read more here.
IOS: MacKenzie Commercial Real Estate Services sells 2.5 AC IOS in Baltimore for $3.7M. PLAYERS: Andrew Meeder, Daniel Hudak, Matthew Curran. Read more here.
IOS: Kenai Capital Advisors sells 6.45 AC IOS portfolio in Denver and Oklahoma City. PLAYERS: Garrett Neustrom, Canyon Law, Abby McPherson, Jules Sherwood.
SMALL BAY: Buligo buys 3-property small bay portfolio in Winchester, VA. PLAYERS: Ran Preis, Henry Cornell, David Warren, Yechiel Dinowitz. Read more here.
COLD STORAGE: JLL sells cold storage facility in Chicagoland for $12.65M. PLAYERS: John Huguenard, Trent Agnew. Read more here.
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STUDENT HOUSING: Coastal Ridge acquires 3 student housing properties for $90M. PLAYERS: Dan Dooley, Patrick McBride. Read more here.
STUDENT HOUSING: Landmark Properties and Henderson Park acquire site in Charleston, SC, for 335-bed project. Read more here.
BTR: Northmarq brokers sale of Fort Worth BTR community. PLAYERS: Taylor Snoddy, Eric Stockley, Kevin Leamy, Lauren Bresky. Read more here.
BTR: Taylor Morrison expands BTR portfolio with new Florida community. Read more here.
SENIOR HOUSING: Blackstone sells 90 senior living communities at steep discounts after pandemic-era struggles. Read more here.
➡ Want deeper insights on housing alts? Subscribe to BTR List and Student Housing Daily.
MED OFFICE: Remedy Medical Properties and Kayne Anderson acquired 296-property portfolio from Welltower. PLAYERS: Al Rabil, David Selznick, Peter Westmeyer, Joe Magliochetti. Read more here.
MED OFFICE: Anchor Health Properties acquires Bay Area’s Bon Air Medical Center for $24M. PLAYERS: Evan Kovac, Andrew Milne, John Chun, Elliott Sellers. Read more here.
DISTRESSED: First United Bank seizes Harwood Intl. Dallas office after developer’s second loan default. Read more here.
DISTRESSED: Pacific Oak REIT faces mounting debt and investor backlash as bondholders threaten legal action. Read more here.
➡ Want deeper insights on office alts? Subscribe to Med Office List.
EXTENDED STAY: Hunter Hotel Advisors brokers sale of Homewood Suites Stratford to Jamsan Hotel Management. PLAYER: Spencer Davidson. Read more here.
EXTENDED STAY: Partners Capital acquires Homewood Suites Houston Galleria with plans for major renovation. Read more here.
CAMPGROUND: Oakleaf Properties expands Rhode Island campground with 12 AC land acquisition for trails. Read more here.
LUXURY: Luxury hotel room rates hit record highs as affluent Americans keep spending on experiences (see chart below). Read more here.
DATA CENTERS: Cerberus seeks $3B for opportunistic real estate fund targeting data centers and multifamily. Read more here.
DATA CENTERS: Data center projects in Nvidia’s hometown sit empty as local power constraints delay operations. Read more here.
DATA CENTERS: Vantage invests $2B in Northern Virginia data center expansion, boosting statewide total to $8B. Read more here.
DATA CENTERS: TeraWulf eyes data center in Upstate New York. Read more here.
➡ Want to go deeper on InfoTech alts? Subscribe to Data Center View.
NEIGHBORHOOD CENTER: JPMorgan joins Coral Springs, FL, retail spree with $54M Shoppes at Heron Lakes purchase. Read more here.
NEIGHBORHOOD CENTER: TriPost and Brixton Capital acquire grocery-anchored retail portfolio in high-growth Western US markets. PLAYERS: Brad Carroll, Marc Brutten. Read more here.
NET LEASE: PNC plans $2B branch expansion, opening 300+ new locations in Sun Belt markets by 2030. Read more here.
QSR: Wendy’s plans to close up to 360 underperforming US restaurants amid sales decline. Read more here.
C-STORE: TravelCenters of America names Jason Nordin as new CEO to lead nationwide fleet and convenience operations. 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.
