Vector Group subsidiary New Valley acquired a 29.41% minority interest in the brokerage increasing its ownership interest in Douglas Elliman to 100%.

FHLBank's suite of financial services includes cost loans (advances), which may be used for community development lending, asset/liability management and general funding.

The sale of Five Points represents a recurring trend of private equity capitalizing on stabilized secondary market retail centers at value-add pricing as institutional owners shift portfolios toward primary market core/core-plus assets.