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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.
American Landmark has acquired Emery Bay at Lakepointe, a 360-unit garden-style asset located in Lewisville, approximately 30 minutes north of Dallas, and the loan amount was $36.59 million.
Lee & Associates New York City senior managing director Ben Tapper in an EXCLUSIVE GlobeSt.com article opines that the new state legislators will create challenges for property owners.
Apart from a select few institutional investors that have access to the capital markets, there are limited secondary market opportunities for SFR loans with middle-tier investors, according to a white paper by Freddie Mac.