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 ANNOUNCES A JOINT VENTURE INVESTMENT IN A GROCERY-ANCHORED CENTER IN VIRGINIA BEACH, VA
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 (based in Charlotte, North Carolina) to acquire Fairfield Shopping Center, a grocery-anchored shopping center in Virginia Beach, Virginia. The 243,031 square foot Fairfield Shopping Center is anchored by Food Lion and TJ Maxx. The center is located in a densely populated submarket of Virginia Beach, Virginia with over 129,000 residents within a three-mile radius with average household incomes of $87,000. This high-barrier-to-entry location is strategically positioned at the corner of Kempsville Road and Providence Road that together have traffic counts of over 55,000 vehicles per day.

PAC made this investment through its wholly-owned indirect subsidiary New Market Properties, LLC. Joel T. Murphy, President and Chief Executive Officer of New Market said, "Fairfield Shopping Center marks our entry into the Hampton Roads MSA. We now own 50 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."


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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…
Jun 12, 2019
PRNEWSWIRE.COM ATLANTA, June 12, 2019 /PRNewswire/ — Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced its acquisition of two grocery-anchored shopping centers in the Tampa/St. Petersburg and West Palm Beach, Florida MSA’s.  Disston Plaza, a 129,150…
May 28, 2019
PRNEWSWIRE.COM ATLANTA, May 28, 2019 /PRNewswire/ — Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced its acquisition of Free State, a 264,152 square foot shopping center located in the Washington, DC MSA and anchored…


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