CAPRE’s Commercial Real Estate Headlines for August 28, 2019

Check out the latest deals and developments in commercial real estate for Aug 28, 2019: 3PL Industry to Grow 7.5% CAGR through 2025: Grand View Research has released a report on the state of the third-party logistics market, and finds a rosy outlook. "The global third party logistics market size was valued at $728.6 Billion USD in 2018 and is expected to register a CAGR of 7.5% from 2019 to 2025," reads the summary. "Service providers have emphasized on enhancing their supply chain activities to address the growing demand for shopping. They are also harnessing the benefits of automated freight payment and audit services for minimizing costs....Demand for efficient inventory management and improved working capital is expected to increase the dependence on 3PL providers. Growth of the e-commerce industry across several regions has increased freight transportation, thus creating new opportunities for 3PL providers." Starwood Capital Group Acquires Multifamily Affordable Housing Portfolio in Texas and Florida: Starwood Capital Group, a global private investment firm focused on real estate and energy investments, has acquired through a controlled affiliate a stabilized multifamily affordable housing portfolio with 4,448 units located in 21 communities. The acquired portfolio is 96% occupied and located predominantly in Dallas-Fort Worth, Houston and across Florida. The portfolio's high-quality garden-style residential units feature top-tier amenities, including swimming pools, clubhouses, playgrounds, fitness centers and laundry facilities. The properties in the portfolio have an average vintage of 2004, boast low vacancy rates, and…