Steel Peak and Tarsadia Launch JV, With Over $500M IOS Portfolio Goal
Steel Peak has formed a joint venture with Tarsadia Investments to expand its exposure in Industrial Outdoor Storage properties on the West Coast. The two plan to spend roughly $150 million in 2026 alone, with the long-term goal to boost the portfolio to consist of more than $500 million in assets. Just over two years […]
Covenant Capital Raises $1.1B From Housing Funds
Covenant Capital Group has raised more than $1.1 billion from its latest flagship value fund, combined with its affordable housing sidecar. The close marks the highest amount fetched in its 25-year existence. Covenant Apartment Fund XII, L.P received “strong backing” from new and existing institutional partners, according to Covenant. The fund portion will focus on […]
CareTrust Pays $142M for Mid-Atlantic Nursing Facilities Portfolio
CareTrust REIT, Inc. is wasting no time on offense in 2025 and has acquired a nursing facilities portfolio in the Mid-Atlantic region for roughly $142 million. The deal applies to 532 licensed beds across six properties, with the exact locations in the region not listed. Currently, a tenant under a long-term triple net lease operates […]
What to watch in 2026: Gradual recovery on tap for US multifamily market
The first half of 2025 began on a hopeful note for multifamily property owners, with apartment rents continuing their pattern of year-over-year gains, averaging just above 1%. However, as the year progressed, employment conditions softened, and a lingering supply overhang continued to weigh on rents. The average apartment rent change has barely managed to stay […]
What Trump’s marijuana policy shift means for real estate
President Donald Trump recently issued an executive order directing the reclassification of marijuana as a less dangerous drug. The move could be a first step toward attracting new investments with wide-ranging effects in real estate and the broader U.S. economy. Cannabis companies and trade groups hailed the decision as one of the most meaningful drug […]
Sale of JCPenney store portfolio for $947 million collapses, triggering legal fight
A sale of more than 115 JCPenney stores around the country for $947 million to Onyx Partners has collapsed after the purchase wasn’t completed by a Dec. 26 deadline. Copper Property CTL Pass Through Trust terminated its agreement with the Boston-based private equity firm after it said Onyx missed the required closing date. The trust […]
Amazon buys property in Los Angeles as it broadens US data center strategy
Amazon’s deal to snap up a research and office property near Los Angeles is the tech giant’s latest move as it aggressively expands its data center foothold across the country through acquisitions and development — not just leases. Amazon Web Services shelled out more than $78 million for a 164,000-square-foot space at 2964 Bradley St. […]
Manulife US REIT seeks approval to diversify away from offices
Manulife US Real Estate Investment Trust is asking shareholders to approve a restructuring plan that would transform the struggling office real estate investment trust into a diversified owner of industrial, multifamily and retail properties in the United States and, for the first time, Canada. The Singapore-listed REIT seeks approval for two major structural changes, according […]
How a historic hotel bridges Amarillo’s past with its fast-changing future
As Amarillo, Texas, continues its revitalization ahead of a busy year for tourism, one historic hotel — and little-known feminist landmark — in the Lone Star State’s wild west just secured its historical distinction. The Barfield, Autograph Collection, which sits in Amarillo’s first skyscraper built in 1927 by a pioneering businesswoman, received its designation as […]
Brookfield to invest $5 billion to deploy fuel cells at data centers
Brookfield is partnering with a maker of fuel-cell technologies to provide electric power for new data centers it is developing across the globe. Brookfield Asset Management agreed to invest $5 billion to deploy infrastructure designed and built by Bloom Energy, according to the companies. The two companies said they will identify the first locations of […]
