New Market Properties
Dedicated to Deliver on Promises

New Market Properties is on the fast track, having executed on all 32 deals they have shaken hands on. This 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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PREFERRED APARTMENT COMMUNITIES, INC. ANNOUNCES ACQUISITION OF GROCERY-ANCHORED SHOPPING CENTER
Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) announced the acquisition on April 21, 2017 of Castleberry-Southard, a 80,018 square foot shopping center located in the Atlanta, GA MSA and anchored by a 45,600 square foot Publix grocery store.

PAC acquired this asset through its wholly-owned subsidiary New Market Properties, LLC. Joel T. Murphy, President and Chief Executive Officer of New Market said about the acquisition, “We believe the synergistic tenant mix of Castleberry-Southard with their strong historical sales performance will continue to benefit from the area’s rapid residential growth.” Mr. Murphy added, “The acquisition of Castleberry-Southard increases the size of our retail portfolio to 32 grocery-anchored centers across seven Sunbelt states, consistent with our strategy to acquire well-positioned grocery-anchored centers in suburban Sunbelt markets with strong demographics.”


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Apr 24, 2017
PRNEWSWIRE Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced the acquisition on April 21, 2017 of Castleberry-Southard, a 80,018 square foot shopping center located in the Atlanta, GA MSA…
Oct 21, 2016
HOUSTON CHRONICLE Atlanta-based Preferred Apartment Communities has put another local retail property in its basket with the purchase of the Champions Village shopping center in northwest Houston. The deal, made through its New…
Aug 11, 2016
TRIANGLE BUSINESS JOURNAL Big changes are underway in the battle for grocery shoppers at the corners of Rogers and Forestville roads, next to the Heritage golf community in Wake Forest. With the new…


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