Together with
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 Cushman & Wakefield’s new Quantitative Insights division and Greystar’s $1.27B private credit vehicle targeting apartment loans.
Today’s issue is sponsored by DealNav - the simple and affordable CRM and deal management tool with easy interface and integrated map.
AI INSIGHTS: Cushman & Wakefield launches Quantitative Insights division to explore AI capabilities. Read more here.
FUND AND GAMES: Greystar closes $1.27B private credit vehicle for apartment loans. Read more here.
PEAK PERFORMANCE: Healthpeak sees over $1B from asset sales as it doubles down on lab and outpatient growth. Read more here.
REALITY CHECK: Only 5% of AI pilots at commercial real estate firms are meeting their goals. Read more here.
IOS: Alterra IOS secures $150M Blue Owl loan to fuel industrial outdoor storage expansion. PLAYERS: Scott Whittle, Jesse Hom, Nick Scribani, Jordan Roeschlaub. Read more here.
IOS: Axiom Capital Advisors sells 2.92 AC IOS in Fort Lauderdale, FL, for $7.2M. PLAYERS: Noah Ohayon, Jose Sasson. Read more here.
SELF-STORAGE: SROA Capital raises $865M for record Fund IX to expand US self-storage portfolio. PLAYERS: Benjamin Macfarland, Owen Holm. Read more here.
SMALL BAY: Makarora and Ares Management agree to buy Plymouth Industrial REIT for $2.1B. Read more here.
COLD STORAGE: PGIM Real Estate closes $77M loan for cold storage in Jacksonville, FL. PLAYERS: Tyler Huffman, Charlie Hurst, Christopher Porter. Read more here.
➡ Want deeper insights on industrial alts? Subscribe to IOS List, Small Bay List, and Cold Storage List.
STUDENT HOUSING: Greystone provides $46M Freddie Mac refinance for University of New Hampshire student housing. PLAYERS: Eric Rosenstock, Jesse Yodice. Read more here.
STUDENT HOUSING: Student housing market shows resilience with rising rents, strong occupancy despite enrollment dip. Read more here.
STUDENT HOUSING: Pork Chop Properties KP7 buys 471-bed student housing complex near the University of Arkansas in Fayetteville for $601M. PLAYER: Michael Mouron. Read more here.
BTR: NHK Capital opens BTR community in Melissa, TX. Read more here.
HOUSING ALTS: NYSCRF commits $250M to Kayne Anderson fund targeting senior and student housing investments, among others. Read more here.
➡ Want deeper insights on housing alts? Subscribe to BTR List and Student Housing Daily.
MED OFFICE: Remedy-Kayne Anderson joint venture to acquire $7.2B medical outpatient portfolio from Welltower. PLAYER: Shankh Mitra. Read more here.
MED OFFICE: Sendero Capital buys Boston area medical office facility for $31.5M. PLAYERS: Chris Bodnar, Brannan Knott, Mindy Berman, Scott Dragos, Josh Kulak. Read more here.
MED OFFICE: Eastern Union arranges $33.8M financing for Brooklyn medical office acquisition. PLAYERS: Alex Jaffa, Ben Halpern. Read more here.
CO-WORKING: Boston co-working market remains strong with 249 locations and above-average pricing in 2025. Read more here.
➡ Want deeper insights on office alts? Subscribe to Med Office List.
BOUTIQUE: US hotel market splits as luxury bookings rise while economy properties see falling demand. Read more here.
EXTENDED STAY: Extended stay hotels remain resilient, with modest RevPAR declines across all price tiers in September. Read more here.
EXTENDED STAY: Extended-stay hotels continue to lead US construction, reflecting steady sector growth in 2025. Read more here.
RV PARK: Sarasota County buys Camp Venice RV Resort in Venice, FL, plans upgrades and enhanced accessibility. Read more here.
CRYPTO MINING: CleanSpark beats Microsoft for Wyoming AI data center deal, highlighting crypto mining’s role in this space. Read more here.
DATA CENTER: BGO raises $800M for US industrial and data center strategy with NorthPoint partnership. PLAYER: John Carrafiell. Read more here.
DATA CENTER: Chicago developers flip former CBOE HQ for $28M profit, selling to data center buyer. PLAYER: Michael Reschke. Read more here.
DATA CENTER: Google explores 390 AC data center campus near Monrovia, IN. Read more here.
DATA CENTER: There are currently more data centers located in the US than in all other major countries combined. (See graph below.) Read more here.
➡ Want to go deeper on InfoTech alts? Subscribe to Data Center View.
EXPERIENTIAL: Dick’s Sporting Goods bets big on experiential retail with expanding “House of Sport” concept. PLAYER: Edward Stack. Read more here.
C-STORE: Parkland’s US segment struggles as $9.1B Sunoco sale nears completion. Read more here.
C-STORE: Parker’s Kitchen opens first Myrtle Beach, SC, area location. Read more here.
NET LEASE: Hanley Investment Group brokers $4.3M sale of renovated Starbucks in Azusa, CA. PLAYERS: Jeff Lefko, Sheila Alimadadian. Read more here.
→ Make someone’s day. Forward CREalts to clients and colleagues!
~~
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.
