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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 $1B+ push into student housing and how the data center building boom is fueling demand for electricians.
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DORM STORM: Morgan Stanley JV makes billion-dollar push into student housing’s hottest markets. Read more here.
JET SET: The 24/7 data center building frenzy sends electrician trainers to job sites by private jet. Read more here.
CLOSING TIME: Public apartment REIT AIMCO to wind down operations after 30 years. Read more here.
WOOD YOU BELIEVE: Timber REIT giants merge as new lumber tariffs boost domestic players. Read more here.
SELF-STORAGE: DECA Cos. secures $45M loan for rare San Francisco self-storage project. PLAYERS: Tyler Kimball, Tyler Figley. Read more here.
SELF-STORAGE: Storage REITs see lowest occupancy since 2017 as Public Storage, SmartStop, Extra Space adjust strategies. Read more here.
SHALLOW BAY: CIP, Almanac secure $820M refinance for 42-property shallow-bay industrial portfolio. PLAYERS: Kevin MacKenzie, Christopher Pratt, Peter Thompson. Read more here.
COLD STORAGE: Publix plans $180M of Jacksonville, FL cold storage projects. Read more here.
IOS: Stephen F. Bahn Commercial Real Estate Services sells 33+ AC IOS in St. Louis metro area. PLAYERS: Steve Bahn, Brian McCune. Read more here.
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SENIOR HOUSING: Senior living investments outpace other CRE sectors as demand, valuations soar in 2025. Read more here.
SENIOR HOUSING: Northwind Group closes $342.5M healthcare debt fund to finance senior living, skilled nursing portfolios. PLAYERS: Ran Eliasaf, Jonathan Slusher. Read more here.
STUDENT HOUSING: Slowest start to student housing leasing season since 2015 with only 3.3% leased. Read more here.
SFR: Arrived raises $27M from Bezos, Salesforce, Uber, and Match Group CEOs for fractional real estate platform. Read more here.
BTR: Abranova Real Estate’s Nova RTP II files for Chapter 11 bankruptcy. Read more here.
➡ Want deeper insights on housing alts? Subscribe to BTR List and Student Housing Daily.
DISTRESSED: Trinity Capital and Town Lane secure $81M bridge loan to revitalize Charlotte office tower. Read more here.
DISTRESSED: Rithm Capital to acquire Paramount Group office REIT for $1.6B in cash. PLAYER: Michael Nierenberg. Read more here.
DISTRESSED: US office market rebounds as CBRE, JLL, and Cushman & Wakefield report record leasing gains. Read more here.
MED OFFICE: Cary medical office building sold for $10.95M in $7.2B portfolio deal by Remedy and Kayne Anderson. Read more here.
MED OFFICE: Fengate acquires Memphis, TN, area medical office building for $25.3M as part of 16-property portfolio deal. Read more here.
➡ Want deeper insights on office alts? Subscribe to Med Office List.
LUXURY: Blackstone near $130M deal for San Francisco Four Seasons hotel. Read more here.
EXTENDED STAY: Cushman & Wakefield | Thalhimer sells 2.79 AC in Chesterfield for $1.35M for Home2 Suites development. PLAYER: Mark Douglas. Read more here.
EXTENDED STAY: SilverDoor partners with IHG to add 750 extended-stay properties to booking platform. Read more here.
EXTENDED STAY: Hodges Ward Elliott brokers sale of 131-room Residence Inn Baltimore White Marsh. PLAYERS: Clint Hodges, Nate Ries. Read more here.
DATA CENTER: Anthropic to spend $50B on US AI data centers with Fluidstack partnership. Read more here.
DATA CENTER: GI Partners and Legacy Investing to convert Chicago’s former CBOE building into 33MW data center. Read more here.
DATA CENTER: Google commits $40B to Texas for three new AI data center campuses through 2027. Read more here.
DATA CENTER: Plug Power eyes $275M, data center shift. PLAYER: Andy Marsh. Read more here.
➡ Want to go deeper on InfoTech alts? Subscribe to Data Center View.
INDUSTRY: Institutional investors flock back to retail real estate as cap rates and financing improve. Read more here.
INDUSTRY: JLL names Paul Chase as head of lifestyle property management in the US. PLAYERS: Kristin Mueller, Paul Chase, Mark Zettl. Read more here.
QSR: Black Rock Coffee Bar posts strong first earnings with 24% revenue growth. Read more here.
NET LEASE: LCP Group and Oaktree Capital launch $50M joint venture for US early education properties. PLAYER: Rich Marquard. Read more here.
C-STORE: Peachtree Group targets $200M to fund Briad Group’s Circle K convenience store expansion. 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.
