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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 the broad appeal of BTR housing and a new investment platform targeting Manhattan office assets.

Today’s issue is sponsored by DealNav - the simple and affordable CRM and deal management tool with easy interface and integrated map.

BTR BOOM: Build-to-rent homes attract renters across generations with strong leasing demand. Read more here.

DESK DEALS: RXR launches $3.5B Gemini Office Venture with top-tier Manhattan properties and institutional backers. Read more here.

DATA DELUGE: OpenAI unveils five new Stargate data centers in $500B expansion with Oracle, SoftBank. Read more here.

THRILL RIDE: Activist investor urges Six Flags to spin off properties and unlock $6B in value. Read more here.

IOS: KBC Advisors sells 128 AC site with industrial outdoor storage space in Houston for $90M. Read more here.

IOS: JLL sells 6.44 AC low-coverage property in Orlando, Florida, for $16.8M. Read more here.

SMALL BAY: Greenstone Partners sells multi-tenant industrial facility in Chicago metro area for $18M. Read more here.

SHALLOW BAY: JLL sells light-industrial portfolio in the Kansas City metro area. Read more here.

COLD STORAGE: RealCold opens 386,00 SF cold storage facility in Polk City, Florida. Read more here.

Want deeper insights on industrial alts? Subscribe to IOS List, Small Bay List, and Cold Storage List.

BTR: Sallee Development sells Kansas City area BTR portfolio for $113M. Read more here.

BTR: Liberty Investment Partners to develop 106-unit BTR community in Garner, North Carolina. Read more here.

STUDENT HOUSING: Harrison Street and Core Spaces launch 1,195-bed student housing near USF in Tampa. Read more here.

STUDENT HOUSING: Liberty Mutual, Landmark team up on 1,255-bed student housing projects at Penn State, UConn. Read more here.

STUDENT HOUSING: Legacy, PGIM acquire former Azusa Pacific housing for $92M. Read more here.

Want deeper insights on housing alts? Subscribe to BTR List and Student Housing Daily.

IOS: October 7, 2025 | Dallas, TX

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The premiere real estate investment conference exclusively focused on the unique needs and challenges of investing in, owning, and operating industrial outdoor storage properties.

DISTRESSED: Office Properties REIT faces bankruptcy threat as debt and vacancies mount. Read more here.

DISTRESSED: Real Capital Solutions acquires Stamford Towers office complex for $65.35M. Read more here.

LIFE SCIENCES: Ventas, GIC secure $475M loan for fully leased Pennsylvania life sciences buildings. Read more here.

MED OFFICE: Marcus & Millichap’s Vara Group sells Tacoma net-lease veterinary center for $12.6M. Read more here.

MED OFFICE: Colliers US Healthcare Capital Markets arranges sale of Vista Medical Center in Lakeland, Florida. Read more here.

Want deeper insights on office alts? Subscribe to Med Office List.

EXTENDED STAY: Western States Lodging opens TownePlace Suites in the Boise, Idaho, area. Read more here.

EXTENDED STAY: KingsLane Group completes full renovation of Staybridge Suites Peoria in Illinois, upgrading 105-suite hotel for modern travelers. Read more here.

EXTENDED STAY: LivAway Suites hits 100,000 room nights in first year, expands rapidly across US. Read more here.

BOUTIQUE: KSL Capital acquires The Westin Hilton Head Resort & Spa, targeting leisure destination growth. Read more here.

BOUTIQUE: Iron Horse Hotel in Milwaukee sells at sheriff’s auction for $15.75M. Read more here.

CBRE breaks down border trade and the impact on logistics real estate along the US-Mex border: LISTEN HERE

DATA CENTERS: Developers turn to securitized debt to cash in on leased hyperscale data centers. Read more here.

DATA CENTERS: Gigaland withdraws 800MW Virginia data center plan after pushback. Read more here.

DATA CENTERS: JPMorgan, Starwood lend $2B for AI data center campus in West Jordan, Utah. Read more here.

DATA CENTERS: Rowan Digital Infrastructure to build $700M data center campus in Temple, Texas. Read more here.

Want to go deeper on InfoTech alts? Subscribe to Data Center View.

QSR: Chick-fil-A launches Daybright beverage spinoff restaurant in Atlanta this fall. Read more here.

QSR: Starbucks to close 500 North American stores including Seattle headquarters café and Reserve Roastery. Read more here.

MEDTAIL: Healthcare drives retail growth as medtail trend transforms shopping center leasing strategies. Read more here.

NEIGHBORHOOD: IRG and PREP Funds acquire Washington Crown Center near Pittsburgh for $40M mixed-use redevelopment. 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.

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