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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 where KKR sees the biggest CRE opportunity and the ongoing JCPenney saga.
Today’s issue is sponsored by GCCA — inviting you to a Cold Chain Connections event this fall.
CAPITAL GAP: KKR spots $5.1T opportunity in real estate’s middle market. Read more here.
DEPARTMENT STORE DUSTUP: JCPenney sued by creditors after $934M deal for store portfolio falls apart. Read more here.
COMMITMENT ISSUES: Tough fundraising environment prompts fund managers to offer bespoke economic and investment rights. Read more here.
CASH CAMP: Simad’s summer camps sell for $448M in chaotic bankruptcy auction. Read more here.
IOS: Jadian IOS secures $277M loan for 37-property portfolio. PLAYER: Daniel Schuchinsky. Read more here.
IOS: Newmark leases 33.57 AC IOS in Central Pennsylvania. PLAYERS: Dylan Tusinac, Adam Petrillo, Alfonso Petrillo, Craig Engelhardt, Thomas Carragher, Steve Korfiatis, Christopher Koeck, Nick Pickard, Michael Spaeder. Read more here.
SMALL BAY: Cushman & Wakefield sells small bay portfolio in Chicago metro area. PLAYERS: Adam Tyler, Jim Carpenter, Megan Barker, Dan Cooney, Kristen Allen, Jackson Goldman, Logan Haley, Victoria Jamrozik. Read more here.
SELF STORAGE: Marcus & Millichap sells StorQuest Self Storage in Acampo, CA. PLAYERS: Dean Trammell, Adam Schlosser, Tony Solomon. Read more here.
COLD STORAGE: Interstate Capital plans $50M cold storage facility in Detroit metro. PLAYER: Greg Diloné Jr. Read more here.
➡ Want deeper insights on industrial alts? Subscribe to IOS List, Small Bay List, Cold Storage List, and Self Storage List.
GCA COLD CHAIN CONNECTIONS
GCCA Cold Chain Connections provide a space for regional leaders to join together with both local professionals and visitors from around the world. Join an upcoming event in Philadelphia (October 14-15) and Atlanta (November 2-3).
GROCERY-ANCHORED: Newmark sells retail center in Olympia, WA, suburb for $44.1M. PLAYER: Billy Sleeth. Read more here.
GROCERY-ANCHORED: Whole Foods-anchored center in Miami metro sells for $83M. Read more here.
DESTINATION: Bass Pro Shops plans Outdoor World location in College Station, TX. Read more here.
C-STORE: FCPT buys 7-Eleven location in Pennsylvania for $1.5M. 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.
