Good morning. Welcome to CREalts! Every day, we cover the top stories in alternative CRE sectors. Today, we learn about AI power demand and senior housing investment.
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Today’s issue is sponsored by BTR Summit — Atlanta 2026. High-signal. Recognizable names. Curated attendance. Request an invitation here → link
POWER PLAY: Taylor, TX, approves 664 AC data center campus that could draw up to 1 GW of power. Read more here.
AI MONEY: Soar AI secures up to $1B in equity financing to convert industrial sites into data centers. Read more here.
WAREHOUSE WIN: DC investor buys Hyundai Mobis’ flagship auto-parts distribution center in Montgomery, AL. Read more here.
MALL TO LOGISTICS: Demolition begins at Houston’s long-vacant Greenspoint Mall, clearing way for logistics park. Read more here.
LUXURY: Loren Group buys San Antonio’s 162-room Thompson Hotel for $41M, plans $10M in upgrades. Read more here.
LUXURY: DiamondRock Hospitality buys Delaware’s 79-room Bellmoor Inn & Spa for $31M, betting on a supply-constrained beach market. Read more here.
LUXURY: Ritz-Carlton Half Moon Bay set to change hands amid dispute over $2.16M in hotel taxes. Read more here.
BOUTIQUE: Family-office affiliate pays $40M for Tarrytown House Estate, 214-room boutique hotel in New York’s Westchester County. Read more here.
EXTENDED STAY: TKO offers $2B for Service Properties Trust’s 93-hotel portfolio. Read more here.
BTR SUMMIT - PANELISTS ANNOUNCED
Join hundreds of BTR owners, developers, investors, and brokers for a premier build-to-rent event in Atlanta on November 10th. Hear from the CEOs of Parkland Residential, ARK Homes For Rent, Trilogy Investment Company, Center Park Group, Jim Chapman Construction, Laseter Development Group, and more!
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*Only a handful of Early Bird tickets remain at a $100 discount
SPORTS COMPLEX: San Diego releases new details for Midway Rising, proposed sports arena redevelopment with 4,250 homes, parks, and modern entertainment center. Read more here.
ARENA: Fisher Brothers pitch Las Vegas NBA arena and entertainment district near AREA15. Read more here.
ARENA: Bridgeport, CT, officials negotiate with preferred bidder to revive city’s 10,000-seat arena after hockey team departure. Read more here.
CONVENTION CENTER: Fort Worth’s historic convention center closes for $352M renovation within broader $701M expansion project. Read more here.
WATERPARK: Nearly 500,000 SF waterpark featuring surf zone and wave river is proposed for Sherman, TX. 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.
