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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 proposed 4 GW data center campus and the reported $300M sale of Miami’s InterContinental.
Today’s issue is sponsored by Cold Storage Summit — April 2027. High-signal. Recognizable names. Curated attendance. Request an invitation here.
DATA LAND GRAB: Salem Township, PA, approves a 4,466 AC overlay district for a proposed 4 GW data center campus. Read more here.
SENIOR MOMENT: Joint venture acquires San Diego senior living community offering independent living, assisted living, and memory care. Read more here.
MIAMI NICE: Gencom, White Bridge Capital buy InterContinental Miami in a deal reportedly valued at $300M. Read more here.
COURT OF APPEAL: New Orleans Saints and Pelicans owner agree to acquire Windsor Court Hotel in downtown New Orleans. Read more here.
IOS: SRS Capital Markets sells 40 AC distribution facility with IOS in Winter Haven, FL, for $133M. PLAYERS: John Redfield, Matthew Mousavi, Patrick Luther. Read more here.
IOS: Albany Road RE Partners buys 15 AC IOS in Summerville, SC, for $12.5M. PLAYERS: Christopher Kinsley, Harrison Creason, Andrew Margulies, Tyler Brown. Read more here.
SMALL BAY: Faropoint buys light-industrial portfolio in New Jersey for $44.3M. PLAYERS: Orry Michael, Matthew Bernstein, Brian Fiumara, Daniel Sarmiento, Charlotte Sands, Elli Klapper. Read more here.
COLD STORAGE: BGO, Banner Property Group JV buys cold storage in Miami area. PLAYERS: Kevin Rivest, Jason Eisenberg. Read more here.
SELF STORAGE: Argus Self Storage Advisors sells Locked Up Self Storage in Stillwater, OK. PLAYER: Jared Jones, CCIM. Read more here.
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COLD STORAGE SUMMIT - LAS VEGAS, APRIL 13, 2027
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NEIGHBORHOOD: 97,319 SF portion of Lakewood Center in California sells for $37.3M. Read more here.
NEIGHBORHOOD: Nuveen acquires 13-property, 1.89M SF open-air retail portfolio across 3 Western states for $445.5M. Read more here.
GROCERY-ANCHORED: Kimco pays $295M for 2 Louisville shopping centers anchored by Trader Joe’s and The Fresh Market. Read more here.
GROCERY-ANCHORED: Barings buys Ralphs-anchored shopping center in Placentia, CA, for $66.2M. Read more here.
SHOPPING MALL: Lennar plans to buy Florida’s 91 AC Boynton Beach Mall, redevelop it as mixed-use community. 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.
