Good morning. Welcome to CREalts! Every day, we cover the top stories in alternative CRE sectors. Today, we learn about Amazon’s data center retreat in Loudoun County and bargain hunting in the distressed office market.
Today’s issue is sponsored by BTR Summit — Atlanta 2026. High-signal. Recognizable names. Curated attendance. Request an invitation here → link
AI U-TURN: Amazon abandons plans for 4 Loudoun County data centers, opening the door to mixed-use development and $5M housing contribution. Read more here.
TERMINAL VALUE: Bridge Logistics buys 21.3 AC, XPO-leased truck terminal in supply-constrained Los Angeles County, reportedly at roughly half comparable land value. Read more here.
GROCERY GRAB: Phillips Edison pays $52.8M for 244,924 SF, grocery-anchored Chicago-area shopping center that’s nearly fully occupied. Read more here.
SENIOR MOMENTUM: Chiron Real Estate closes $173M senior housing acquisition in North Bethesda, completing 3-property portfolio deal valued at $422M. Read more here.
STUDENT HOUSING: Strategic Facility Partners, Xavier acquire 608 beds in Norwood, OH, for $73.1M. PLAYERS: Archie Chandrasekhar, Kevan Buck, David Hamilton. Read more here.
STUDENT HOUSING: Global City, RER, Toll Bros. sell 1,086 beds serving Florida Intl. University for $168.5M. PLAYERS: Vivian de las Cuevas-Diaz, Tomás Castellanos, Jorge Escobar, Aly Arencibia. Read more here.
BTR: Anchor Loans provides $58.5M for 279 BTR homes in Florida. PLAYERS: Paul Stockamore, Samy Cohen. Read more here.
SENIOR HOUSING: Davidson Kempner, ReNew launch strategic partnership targeting senior housing. PLAYERS: Josh Morris, John Getchey. Read more here.
SENIOR HOUSING: Discovery Senior Living considers sale that would value business at more than $1B. Read more here.
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DISTRESSED: Denver’s historic Symes Building sells for $2.7M in cash after foreclosure. Read more here.
DISTRESSED: Chicago office-to-residential conversion faces Nov. 3 foreclosure auction after the owner defaults on $28.2M mortgage. Read more here.
FLEX: CB Equities sells 64,000 SF Charlotte flex-office property for $11M, above its $9.2M purchase price in 2023. Read more here.
CO-WORKING: US co-working space grew by 2M SF in the 3rd quarter, reaching 168.4M SF as traditional office rents fell 1.5%. Read more here.
MED OFFICE: Blueprint arranges $90m sale of 38-building medial outpatient portfolio across Central Pennsylvania. 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.
