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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 $113M industrial outdoor storage portfolio sale and the latest data center land grabs, financings and grid investments.
Today’s issue is sponsored by DealNav - the simple and affordable CRM and deal management tool with an easy interface and integrated map.
PARKING, LOTS: GFH Partners sells 10-property U.S. industrial outdoor storage portfolio for $113M, including 8 Chicago-area assets. Read more here.
YARD SALE: Outpost acquires 14.97 AC industrial outdoor storage portfolio in Kearny and Newark, NJ, for $68.5M, with $52.2M in acquisition financing. Read more here.
SUITE DEAL: BKM Capital Partners buys fully occupied, 12-building Goldenwest Circle Business Park in Westminster, CA, for $62M. Read more here.
RETAIL THERAPY: RK Centers buys Fort Lauderdale Walmart Supercenter for $28.56M. Read more here.
DATA CENTER: Google wins local approval for 1.7M SF, 3-building data center campus in Hermantown, MN, on more than 200 AC. Read more here.
DATA CENTER: Hyperscale Data hires Newmark to seek debt for its Michigan AI campus. Read more here.
DATA CENTER: Enid, OK, rezones 2 sites for Plainsmen’s Project Thunderbird. Read more here.
DATA CENTER: Vantage-linked buyer acquires $9.35M data center site in Powhatan, VA. Read more here.
DATA CENTER: Digital Realty targets $3.5B for debut Americas fund. Read more here.
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GRID BUILDOUT: CenterPoint Energy plans more than $4B in additional transmission investment to meet rising electricity demand from data centers and other large projects in Houston. Read more here.
GRID FINANCING: DOE closes $5.1B loan package for Alliant Energy to add or upgrade more than 2.6GW of generation capacity and improve grid reliability in Iowa and Wisconsin. Read more here.
POWER EQUIPMENT: GE Vernova agrees to acquire high-voltage equipment maker Trench Group for $9B. Read more here.
BATTERY STORAGE: Linea Energy closes project debt financing and preferred equity commitment for 250MW/500MWh standalone battery storage project in Texas. 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.
