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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.
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.