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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 Brookdale’s $290 million senior housing deal and a $718 million industrial portfolio refinancing.
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SENIOR MOMENT: Brookdale agrees to buy 30 senior living communities from Welltower for $290M. Read more here.
WAREHOUSE WIN: Equus secures $718.2M to refinance 52 Phoenix-area industrial properties totaling 5.2M SF. Read more here.
TIRE DEAL: Michelin pays $151M for its longtime Illinois distribution center, shifting from tenant to property owner. Read more here.
LIFE SCIENCE: King Street Properties secures $237.7M to finance a North Carolina life sciences campus with Novartis and Liquid Pharmaceuticals as tenants. Read more here.
DATA CENTER: SoftBank’s planned 10-gigawatt Ohio AI campus will get a grid study covering new power generation and three 765 KV transmission lines. Read more here.
DATA CENTER: AMD agrees to support Fermi’s Texas AI campus lease, helping advance financing for a project that could grow to 650 MW. Read more here.
DATA CENTER: Oregon orders pause on environmental permits for new or expanded data centers through July 2027, threatening to stall projects statewide. Read more here.
DATA CENTER: Federal regulators approved PJM data center registry but rejected plan to disconnect facilities during peak power demand. Read more here.
DATA CENTER: How C-PACE financing could help developers fund the power, cooling, and infrastructure behind energy-intensive data centers. Read more here.
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ENERGY: American Electric Power plans to invest $4B in 702 MW fuel cell project to supply Google under 20-year power agreement. Read more here.
FIBER: Bain Capital and Tillman Global complete $1.5B investment in Eaton Fiber and its acquisition of Ripple Fiber to expand Verizon’s broadband footprint. Read more here.
TRANSMISSION: 86-mile, 500 KV transmission line between Arizona and California receives federal permitting-process coverage aimed at strengthening Western grid. Read more here.
POWER GRID: New analysis says expanded regional transmission could deliver $2.30 in benefits for every dollar invested, easing congestion and improving power access. Read more here.
BATTERY POWER: Redwood Materials is expanding into behind-the-meter energy systems that combine recycled EV batteries and solar to help data centers bypass grid connection delays. 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.
