New Market Properties
New Market Properties
New Market Properties
New Market Properties
New Market Properties
Dedicated to Deliver on Promises

New Market Properties’ fast-paced success is due, in large part, to its CEO, Joel Murphy’s vast experience in retail real estate, his deep relationships in the industry, and his ability to build a strong team of professionals who share his passion for retail. This passion is combined with a desire to build a business culture based on integrity, experience, and a unique focus on finding creative solutions to challenges.



Click to Learn more about us
Explore our
Properties

Check out our retail properties
NEW MARKET PROPERTIES ANNOUNCES ACQUISITION OF GROCERY-ANCHORED CENTER IN WILMINGTON, NC
ATLANTA, Dec. 19, 2019 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") announced that it made an approximate 92.5% equity investment in a joint venture with Harbour Retail Partners (based in Wilmington, North Carolina) to acquire Hanover Shopping Center, a grocery-anchored shopping center in Wilmington, North Carolina. The 305,346 square foot Hanover Shopping Center is anchored by high performing Harris Teeter. This high barrier to entry location has strong demographics and is strategically positioned at the epicenter of the dominant Oleander Drive retail corridor that enjoys traffic counts of over 48,000 vehicles per day.

PAC made this investment through its wholly-owned indirect subsidiary New Market Properties, LLC. Michael Aide, Senior Vice President, Director of Investments of New Market said, "Hanover Shopping Center marks our continued expansion into the state of North Carolina and is our fourth asset in the state. We now own 52 grocery-anchored centers consistent with our strategy to acquire well-positioned grocery anchored centers in suburban Sunbelt and Mid-Atlantic markets with strong demographics that are anchored by market leading grocers."


View Full Story
Latest News
Dec 19, 2019
ATLANTA, Dec. 19, 2019 /PRNewswire/ — Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) announced that it made an approximate 92.5% equity investment in a joint venture with Harbour Retail Partners…
Nov 14, 2019
PRNEWSWIRE.COM ATLANTA, Nov. 14, 2019 /PRNewswire/ — Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced its acquisition of Berry Town Center, a 99,441 square foot shopping center anchored by a high-performing Publix…
Aug 19, 2019
PRNEWSWIRE.COM ATLANTA, Aug. 19, 2019 /PRNewswire/ — Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) announced that on August 16, 2019 it made an approximate 90% equity investment in a joint venture with Crosland Southeast…


View Latest News