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.



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NEW MARKET PROPERTIES, LLC ACQUIRES FIRST GROCERY-ANCHORED SHOPPING CENTER IN VIRGINIA
ATLANTA, Jan. 2, 2019 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced its acquisition on December 21, 2018 of Hollymead Town Center, in Charlottesville, Virginia. The center is anchored by a 60,607 square foot Harris Teeter and a 142,500 square foot Target. Hollymead Town Center is located along Seminole Trail/Route 29, which sees a high volume traffic count of over 47,000 CPD.

PAC acquired these assets through its wholly-owned indirect subsidiary New Market Properties, LLC. Joel T. Murphy, President and Chief Executive Officer of New Market said about the acquisition, "Hollymead Town Center is our first asset in the state of Virginia in the affluent, high barrier to entry market of Charlottesville, adding to the geographical diversity of our portfolio. We believe the tenants at Hollymead Town Center will continue to thrive from the regional draw of the center and the growing trade area." Mr. Murphy added, "This acquisition increases the size of our portfolio to 45 grocery-anchored shopping centers across eight states, consistent with our strategy to acquire well-positioned grocery-anchored shopping centers in suburban Sunbelt and Mid-Atlantic markets with strong demographics that are anchored by market leading grocers."


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Jan 02, 2019
PRNEWSWIRE.COM ATLANTA, Jan. 2, 2019 /PRNewswire/ — Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced its acquisition on December 21, 2018 of Hollymead Town Center, in Charlottesville, Virginia. The…
Jul 09, 2018
PRNEWSWIRE.COM ATLANTA, July 9, 2018 /PRNewswire/ — Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced its acquisition on July 6, 2018 of Brawley Commons, a 122,028 square foot shopping center located in the Charlotte, North Carolina MSA, and…
Jul 02, 2018
PRNEWSWIRE.COM ATLANTA, July 2, 2018 /PRNewswire/ — Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced its acquisition on June 29, 2018 of Conway Plaza, a 117,705 square foot shopping center located in Orlando, Florida, and…


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