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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 REIT investor redemption queues and the holiday sales forecast.
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REDEMPTION DAY: Non-traded REIT redemption crunch eases as $56B backlog clears, leaving Starwood as lone holdout. Read more here.
SLEIGH BELL SLUMP: Holiday retail sales to grow just 3% as inflation cuts average budgets to $1,552. Read more here.
HOTEL 101: Hilton starts hospitality investor program to educate new asset owners. Read more here.
SUPER-SPECIAL: CMBS special servicing rate hits 10.65%, led by $730M in distressed office loans. Read more here.
IOS: ATLAS sells 8.26 AC IOS in the Phoenix metro area for $7.5M. PLAYERS: Chris McClurg, Ken McQueen, Blake Peters, Jack Sims, Tanner Ferrandi, Cooper Fratt, John Werstler. Read more here.
IOS: Triten Real Estate Partners buys 2 IOS properties in the Dallas-Fort Worth Metroplex. PLAYERS: David Guinn, Riley Maxwell, Carter Thurmond, John Brewer, Jack Brewer. Read more here.
SMALL BAY: Endeavor Capital and Leifer Properties buy the Cygnet Center in the Tampa Bay area for $13M. PLAYER: Jonathan Mazzarella Read more here.
SHALLOW BAY: Why shallow bay industrial is gaining mainstream investor interest. PLAYERS: James Breeze, John Huguenard, Warren Hitchcock, Robby Tandjung Read more here.
COLD STORAGE: SciSafe expands East Brunswick, New Jersey, biorepository with 5M cubic feet cold storage capacity. Read more here.
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STUDENT HOUSING: Student housing investors focus on opportunities near power four conference campuses. PLAYER: Ben Mohns Read more here.
STUDENT HOUSING: Student housing occupancy rises to 95.1% in 2025 as rent growth slows to 2.5%. Read more here.
BTR: Northmarq sells Solana Place at Carlton Commons in Casa Grande, Arizona, for $30M. PLAYERS: Trevor Koskovich, Jesse Hudson, Ryan Boyle, Logan Baca, Griffin Martin Read more here.
BTR: As build-to-rent construction slows slightly nationwide, the South leads with 37,700 units underway. Read more here.
SFR: Single-family rental occupancy rebounds to 94.5% in Q2 2025, boosted by build-to-rent growth. Read more here.
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DISTRESSED: Historic Houston skyscraper 800 Bell St. owner files Chapter 11 after $14.5M mortgage dispute. Read more here.
DISTRESSED: Midtown’s 650 Madison Avenue enters special servicing after missed $214M loan payment and 21% value drop. Read more here.
DISTRESSED: Donahue Douglas, a$1.5B fund for US office-to-residential conversions, launches. PLAYERS: Don Peebles, Douglas McNeely, Jeremy Shell Read more here.
LIFE SCIENCE: Invivoscribe renews 52,477-square-foot San Diego headquarters at 10222 Barnes Canyon Road. PLAYERS: John Hundley, Jon Engle Read more here.
MED OFFICE: Investors buy Wichita, Kansas, area medical office with plans for possible restaurant and retail conversion. PLAYERS: Scott Harper, Joad Donnelly, Brett Gehrer, Francis Baalmann Read more here.
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BOUTIQUE: Cain closes $175M acquisition of 246 Spring Street hotel, rebranding as Delano New York. PLAYERS: Eric Poretsky, Josh Zegen Read more here.
BOUTIQUE: Friedman Capital buys 153-key Capitol Hill Hotel in D.C. for $60M, well above assessed value. Read more here.
EXTENDED STAY: Zero George converts extended-stay suites into traditional guest rooms at Charleston inn. Read more here.
SHORT-TERM RENTAL: Great Estate Blockchain launches platform to tokenize historic landmarks converted to Airbnbs. Read more here.
DATA CENTER: Meta pledges that its 29th data center, in El Paso, Texas, will be sustainable. Read more here.
DATA CENTER: Sabey Data Centers eyes Montana with 600-acre Butte land deal for future campus. PLAYERS: Rob Corbin, Mike Cashell, Brian Bird Read more here.
DATA CENTER: Planning a future data center, Google buys 950 AC in Monroe County, Georgia, for $42M. Read more here.
DATA CENTER: Microsoft cancels plans for data center in Caledonia, Wisconsin. Read more here.
DATA CENTER: Atlas Agro plans $500M data center campus next to Washington state fertilizer site. Read more here.
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NET LEASE: BMO to sell 138 branches to First Citizens Bank, plans 150 new openings. PLAYER: Aron Levine Read more here.
QSR: Jack in the Box sells Del Taco chain for $115M to longtime franchisee. PLAYERS: Lance Tucker, Anil Yadav Read more here.
EXPERIENTIAL: “Experiential High Streets” transform retail into social, tech-enabled hubs for Gen Z engagement. Read more here.
C-STORE: Getty Realty closes $100M sale-leaseback for 12 Houston Now & Forever convenience stores. 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.
