In partnership with

Merry MLK Day!

TikTok is gone, and back again. Presidential meme coins (crypto currency) are exploding overnight, executive orders to bring energy costs down are expected today, multifamily loan originations are expected to rise in 2025, and CRE fundraising saw a spike in 2024

If you’re in the office today. Don’t worry we got you covered. And if you are not, then enjoy your long weekend.

The Daily Newsletter for Intellectually Curious Readers

If you're frustrated by one-sided reporting, our 5-minute newsletter is the missing piece. We sift through 100+ sources to bring you comprehensive, unbiased news—free from political agendas. Stay informed with factual coverage on the topics that matter.

Join for free today!

If you enjoy the newsletter, then help us out by sharing with friends and colleagues. Click the referral link below to share the newsletter, hit milestones, get rewards!

Capital Markets

Headlines

• TikTok Banned and Unbanned

  On Saturday, TikTok shutdown for U.S. users, with app stores no longer providing the app for download. The move came ahead of the government-mandated deadline of 1/19/25. On Sunday TikTok became available after the President-elect made assurances signing an executive order to delay the deadline and prevent companies from letting TikTok stay dark. The move comes as a reversal from his prior presidency given Trump previously signed an executive order in 2020 to ban/sanction TikTok

• Energy Costs to Come Down

  President-elect Trump vowed to issue a national emergency to reduce energy costs to cut electric and gas prices in half. The order is expected to be issued on Monday

• Freddie Mac Expects Increase in Multifamily Loans in 2025

  Freddie Mac’s 2025 outlook report predicted originations in 2025 will surpass 2024 multifamily loan volumes. $370-$380bn in volume is expected, far below the record set in 2021

  Multifamily Originations ($bn)

  

• Trump and Melania Crytpo Meme Coins Explode Overnight

  Over the weekend the meme coins $TRUMP and $MELANIA got official endorsement from the presidential couple that had the Trump coin up 600% from Friday night into Saturday

• Core Fundraising in 2024 Outpaced 2023

  Closed-End funds raised upwards of $10bn in 2024, compared to $2.5bn in 2023. Core and Core-Plus Closed-End funds are capturing 12% of capital raised across strategies, the highest share since after the financial crisis

  Core Fundraising

  

  Source: Cushman & Wakefield

Deals Deals Deals

Sales

• Industrial: Robinson Weeks Partners acquired two industrial buildings totaling 832K SF in Olive Branch, MS, and Memphis, TN from Hillwood

• Industrial: Sealy & Co. acquired a 590K SF portfolio made up of two distribution facilities in Southaven, MS. IDI Logistics sold the assets

• Multifamily: ShainRealty Capital acquired Yorktown Luxury Apartments, a 226-unit multifamily community Dallas, TX for $40mm from Nuveen Real Estate. Arbor Realty Trust provided a $28mm CMBS loan with a five-year term, fixed interest rate of 5.88%, and a 70% LTV

• Multifamily: Hubb NYC Properties acquires a multifamily asset, in New York’s Lenox Hill, for $34mm from the Parkoff Organization

• Multifamily: Vista Del Sol and Islander Apartments, a 73-unit multifamily community and a 38-unit apartment building in Alameda County in California, sold for $21mm and $13mm. Buyer and seller were undisclosed

Debt

• Multifamily: Mast Capital and Starwood Capital Group secure a $390mm construction loan from Eldridge Industries for a condo development in Miami, FL

• Multifamily: GFP Real Estate secures a $288mm construction loan from BDT & MSD Partners for an office-to-residential conversion in New York, NY

• Hospitality: Benefit Street Partners provided a $120mm senior loan and a $15mm mezzanine loan for the refinancing of the Empire Hotel, a 427-key hotel in New York

• Multifamily: Pivotal Housing Partners secures $36mm in financing for a 70-unit affordable housing development in Toledo, OH. Keybank provided a $16mm construction loan, $3mm permanent loan, and $18mm on LIHTC

Developments

• Data Centers: PowerHouse Data Centers and Poe Cos. to develop a 400 megawatt data center campus in Louisville, KY. Delivery is expected by October 2026

• Life Sciences: Wexford Science & Technology and The University of Maryland, Baltimore opened a 250K SF life science building in Baltimore, MD. Ventas provided a $82mm loan

• Hospitality: Oxbow Development Group received approval to build a nine-story, 166 key hotel in San Antonio, TX

• Multifamily: BRIDGE Housing broke ground on HollywoodHUB, 222 affordable housing development in Portland, OR. Delivery is expected in 2027

Distress

• Retail: Real Capital Solutions to acquire an 855K SF retail center in Burlington, NC for $39mm after CBL Properties defaulted on its $51mm loan in 2021. Spinoso Real Estate Group was the appointed servicer

• Office: Insignia acquired Parkside Terraces, a 183K SF Alpharetta, GA office campus for $10mm from Ravinia Capital Group. The asset previously traded for $48mm in 2019

Capital Raising

• Diversified: New Jersey DOI expects to commit $1.2bn in real estate equity and debt vehicles

• Diversified: Berkshire, Limekiln close $2bn bridge loan fund

• Industrial: CPP Investments and Bridge Industrial formed a $789mm JV focused on industrial assets across key markets aiming to reduce delivery times

• Multifamily: JPI and Pinnacle Partners launch a $200mm Workforce Housing Fund

Meme Summary

Interested in advertising? Then get in touch with us