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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 potential tariff backup plan and state crackdowns on rental junk fees.
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PLAN B: White House readies backup tariff plan in case Supreme Court strikes existing duties. Read more here.
JUNK FEE JITTERS: State crackdowns on rental junk fees create a fast-changing, compliance-heavy landscape for landlords. Read more here.
GSE SQUEEZE: Fannie Mae and Freddie Mac are forecast to hit their multifamily lending cap in 2025. Read more here.
THE REIT STUFF: Healthcare REITs replace telecoms as top allocation for Q3. Read more here.
IOS: DH Property Holdings buys 108.33 acre site with IOS in Philadelphia area for $21M. PLAYERS: Dov Hertz, Scott Mertz. Read more here.
IOS: Alterra buys 7.8 AC IOS in Minneapolis. PLAYERS: Dan Larew, Jack Nei, Eric Batiza, Parker Pearson. Read more here.
SHALLOW BAY: JLL secures $820M shallow bay refinance loan for CIP Real Estate/Almanac Realty Investors JV. PLAYERS: Kevin MacKenzie, Christopher Pratt, Peter Thompson. Read more here.
SMALL BAY: BKM Capital Partners and Kayne Anderson Real Estate buy Pleasant Hill Industrial Park in California. PLAYERS: Brett Turner, Michael Grossner, Brian Malliet. Read more here.
COLD STORAGE: Union Pacific will serve Lineage’s new automated Dallas area facility. Read more here.
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BTR: Christopher Todd Communities acquires Yardly Paradisi in Phoenix metro area. PLAYERS: Darin Rowe, Todd Wood, Trevor Koskovich, Brandon Harrington. Read more here.
STUDENT HOUSING: Värde Partners and Hawkins Way Capital secure $431M CMBS loan. Read more here.
STUDENT HOUSING: Walker & Dunlop brokers sale of 276-bed community near Texas Tech University. PLAYERS: Chris Epp, Matthew Chase, Craig Miller, Holden Penn. Read more here.
STUDENT HOUSING: Lincoln Properties expands footprint with acquisition of Capstone Development Partners. PLAYERS: Alison Daubert, William Davis, Bruce McKee, Jeff Jones. Read more here.
SENIOR HOUSING: Aries Lofts secures $152M in layered financing for senior housing project in suburban Columbus, OH. Read more here.
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MED OFFICE: Davis locks in $171M refinancing and a $250M credit line to expand its medical office portfolio. Read more here.
MED OFFICE: Medical office transactions are at a 10-year low despite record rents. Read more here.
DISTRESSED: Data shows October office foot traffic was 30% below 2019 levels. Read more here.
DISTRESSED: Philadelphia mayor proposes 20-year tax abatement to convert offices to housing. Read more here.
DISTRESSED: Bay Area firm acquires distressed Denver West Business Park. Read more here.
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BOUTIQUE: San Francisco’s Clancy hotel sold to Sixth Street for $115M. Read more here.
BOUTIQUE: citizenM parent company rebrands as Another Star after Marriott acquisition. Read more here.
LUXURY: NYC luxury hotel sales surge amid distressed deals and forced exits. Read more here.
EXTENDED STAY: Extended-stay hotel near Atlanta Braves complex sells for nearly 30% less than 2015 price. PLAYER: Mayank Patel. Read more here.
AI: Brookfield launches $10B fund to build and acquire AI infrastructure assets. Read more here.
SOLAR: SunPower closes $37.5M Ambia Solar acquisition to become 5th largest U.S. residential solar company. Read more here.
SOLAR: MARS Energy acquires Nelnet Renewable Energy to expand Midwest solar and EPC capabilities. Read more here.
DATA CENTERS: Data center regions face higher winter outage risks amid rising electricity demand. Read more here.
DATA CENTERS: Sharon AI expands West Texas data center campus to 438 AC. PLAYER: Wolf Schubert. Read more here.
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C-STORE: The Kent Cos. opens new Crowley, TX, store following recent acquisitions. Read more here.
C-STORE: Wawa sets opening date for first Montgomery County, OH, location. Read more here.
DESTINATION RETAIL: San Francisco’s largest mall marketed as mixed-use redevelopment opportunity. Read more here.
NEIGHBORHOOD RETAIL: Annapolis Town Center in Anne Arundel County, MD, sold for $187M. 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.
