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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 the rise of IOS investing and tightening cap rate spreads.
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LOTS TO LOVE: Industrial outdoor storage becomes real estate’s quiet outperformer. PLAYERS: Leo Addimando, Jesse Hom. Read more here.
RATE WARS: What do you do when CRE cap rates match interest rates? Read more here.
JV JUICE: National Storage Affiliates and Investment Real Estate Management launch $350M self-storage joint venture. PLAYERS: David Cramer, John Gilliland, Will Cowan. Read more here.
GIANT GROUNDBREAKING: Related Cos. breaks ground on $7B Michigan data center for Oracle and OpenAI’s Stargate project. Read more here.
IOS: Corepoint Real Estate sells 17 AC IOS in Miami to Outpost for $52.1M. PLAYERS: Marc Smouha, Jonathan Marti. Read more here.
IOS: Catalyst Investment Partners buys 13.5 AC IOS in West Palm Beach, FL. PLAYERS: Brandon Johnson, Kyle Earley, Bruce Schoenbrun. Read more here.
SMALL BAY: Decker Capital buys Jacksonville small bay portfolio for $26.5M. PLAYERS: Shane Decker, Peleg Amzalag, Aaron Werbel, Michael Lewin, Adam Steinlauf. Read more here.
SHALLOW BAY: Rockpoint buys 1.1 MSF shallow bay park in Richmond, VA. PLAYERS: Fred Borges, Ben Harris, Graham Savage. Read more here.
COLD STORAGE: Newmark sells Upper Midwest cold storage portfolio for $64.2M. PLAYERS: Briggs Goldberg, Andrew Sandquist, JC Asensio, Nicholas Baker, Kurt Weis, Sean McNeely. Read more here.
➡ Want deeper insights on industrial alts? Subscribe to IOS List, Small Bay List, and Cold Storage List.
SENIOR HOUSING: Sonida Senior Living to acquire CNL Healthcare Properties in $1.8B senior housing merger. PLAYERS: Stephen Mauldin, Michael Simanovsky. Read more here.
SENIOR HOUSING: Harrison Street forms JV with Oakmont, Blue Mountain for $1B California senior housing portfolio. Read more here.
STUDENT HOUSING: HH Group acquires New Haven, CT, asset for $57.5M. Read more here.
STUDENT HOUSING: Madbury Capital secures $46M refinancing for 524-bed student housing community near University of New Hampshire. PLAYERS: Eric Rosenstock, Jesse Yodice, Yarin Amzalag. Read more here.
BTR: Dwight Mortgage funds $42.5M loan for 133-unit BTR project in Asheville, NC. Read more here.
➡ Want deeper insights on housing alts? Subscribe to BTR List and Student Housing Daily.
MED OFFICE: CBRE facilitates $16.25M sale of Creek Medical Buildings in Irvine, CA. PLAYERS: Anthony DeLorenzo, Sammy Cemo, Bryan Johnson, Harry Su. Read more here.
MED OFFICE: The president of Healing Realty Trust discusses current trends in the medical office market. PLAYER: Cody Shandraw. Read more here.
MED OFFICE: Welltower to sell $6B medical office portfolio to double down on senior housing growth. Read more here.
DISTRESSED: Developer Izek Shomof buys Long Beach’s Landmark Square tower for $50M amid office slump. Read more here.
DISTRESSED: Receivers thrive as $1.3B in Philly office debt fuels surge in distressed property takeovers. PLAYERS: Brenton Hutchinson, Lewis Taulbee, Matthew Mason. Read more here.
➡ Want deeper insights on office alts? Subscribe to Med Office List.
COUNTRY CLUB: Texas county clubs are booming. Read more here.
STADIUM: Mixed-use stadium districts score big as teams turn ballparks into year-round entertainment hubs. Read more here.
CASINO: A new casino may be coming to the metro Phoenix area. Read more here.
CAMPGROUND: Athena Real Estate expands Applebrook portfolio with Catskills’ Skyway Camping Resort acquisition. PLAYER: Richard O’Brien. Read more here.
MARINA: Kenwood and Suntex launch first new San Francisco Bay marina project in over 25 years. PLAYERS: Darius Anderson, Bryan Redmond. Read more here.
DATA CENTER: Archibald I files plans for 2 campuses totaling 3.3 MSF. Read more here.
DATA CENTER: AI surge sparks race to build ultra-high-power data centers as capacity crunch deepens. Read more here.
DATA CENTER: CBRE expands digital infrastructure reach with $1.2B Pearce Services acquisition. PLAYERS: Jamie Hodari, Michelle Edler. Read more here.
DATA CENTER: Centra secures $230M to expand US data center footprint, including Reno and Minneapolis. PLAYERS: Bill Cook, Chris Machen. Read more here.
➡ Want to go deeper on InfoTech alts? Subscribe to Data Center View.
C-STORE: Mega Saver set to acquire 29 Yesway c-stores, expanding Iowa presence and entering Kansas. Read more here.
C-STORE: Fast Stop of Louisiana enters Iowa with 3 C-store acquisitions, expanding network to 57 locations. Read more here.
NET LEASE: KPR Centers expands Chicago footprint with $40M acquisition of Pointe Plaza retail center. Read more here.
QSR: Flynn Group launches Flynn Growth to scale emerging brands, inks 160-store deal with 7 Brew. PLAYER: Lauren Leahy. 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.
