Good morning. Welcome to CREalts! Every day, we cover the top stories in alternative CRE sectors. Today, we learn about Discovery Senior Living’s potential sale and CBRE’s $1B data center infrastructure acquisition.
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SENIOR SALE: Discovery Senior Living is exploring a sale that could value the operator of roughly 450 communities at more than $1B. Read more here.
DATA CENTER DETOUR: Amazon abandons its data center plan for George Washington University’s Loudoun County campus, raising questions about site’s next use. Read more here.
WAREHOUSE BOOM: AI data center construction is boosting US warehouse demand and rents, particularly around Dallas–Fort Worth and Washington, DC. Read more here.
AI ACQUISITION: CBRE agrees to buy data center infrastructure specialist Onnec Group for up to $1B, deepening its push into technology services. Read more here.
EXTENDED STAY: Highline Hospitality Partners acquires Courtyard by Marriott Pittsburgh North/Cranberry Woods. Read more here.
LUXURY: Loren Group completes $41M acquisition of San Antonio’s 162-room Thompson Hotel and plans $10M in improvements. Read more here.
LUXURY: Corendon Hotels & Resorts acquires 2 South Beach Miami hotels with 192 rooms for more than $50M. Read more here.
LUXURY: Ashford Hospitality Trust sells 263-room Embassy Suites Philadelphia Airport for $26M. Read more here.
BOUTIQUE: Ross Hotel Partners and Buckhead America Hospitality pay $22M for 80-room Doyle Hotel in Charlottesville, VA. Read more here.
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GOLF COURSE: Austin and the University of Texas near agreement to preserve Lions Municipal Golf Course while allowing development on adjoining university-owned land. Read more here.
GOLF COURSE: Trump pushes to overhaul Washington’s historic East Potomac golf course despite court order temporarily blocking redevelopment. Read more here.
SPORTS COMPLEX: Clearwater advancedsnegotiations on proposed $300M sports and entertainment district that would replace city-owned Landings golf course. Read more here.
CASINOS: Strategic Gaming Management acquires Sunland Park Racetrack & Casino in New Mexico for $301M, sells real estate to Gaming and Leisure Properties for $183.75M in sale-leaseback. Read more here.
AMUSEMENT PARK: Clementon Park & Splash World in South Jersey heads to auction. 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.
