In the News


Jul 09, 2018

NEW MARKET PROPERTIES, LLC ACQUIRES SECOND GROCERY-ANCHORED SHOPPING CENTER IN CHARLOTTE, NC

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 anchored by a 49,098 square foot Publix grocery store.  Brawley Commons is located just to the west of I-77 at the entrance to the Brawley Peninsula of Lake Norman at the intersection of Brawley School Road and Williamson Road, which has a high volume traffic count at…

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Jul 02, 2018

NEW MARKET PROPERTIES, LLC ACQUIRES THIRD GROCERY-ANCHORED SHOPPING CENTER IN ORLANDO, FL

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 anchored by a 37,888 square foot Publix grocery store.  Conway Plaza is strategically located at the busy intersection of Conway Road and Curry Ford Road, which has a high volume of traffic count of over 66,000 CPD. PAC acquired these assets through its wholly-owned subsidiary New Market Properties, LLC….

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Jun 26, 2018

NEW MARKET PROPERTIES, LLC ACQUIRES SECOND GROCERY-ANCHORED CENTER IN NAPLES, FL

PRNEWSWIRE.COM ATLANTA, June 26, 2018 /PRNewswire/ — Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced its acquisition of Neapolitan Way, a 137,580 square foot shopping center located in Naples, Florida, and anchored by a 40,120 Publix grocery store.  Daniel M. DuPree, Chairman and Chief Executive Officer of Preferred Apartment Communities, Inc. said about the acquisition, “We continue to actively pursue strategic opportunities in our grocery-anchored retail platform and are pleased to add another solid grocery-anchored shopping center to the PAC portfolio.”…

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Apr 30, 2018

NEW MARKET PROPERTIES, LLC ACQUIRES TWO NEW GROCERY ANCHORED CENTERS

PRNEWSWIRE.COM ATLANTA, April 30, 2018 /PRNewswire/ — Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced its acquisition on April 27, 2018 of two grocery-anchored shopping centers with an aggregate of approximately 139,000 square feet located in the Atlanta, Georgia and Nashville, Tennessee MSAs. The two properties were acquired in one transaction with the same seller. Governors Towne Square is located in Acworth, a high growth suburb in the Atlanta, Georgia MSA and is anchored by a 44,840 square foot Publix grocery…

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Dec 05, 2017

NEW MARKET PROPERTIES, LLC ACQUIRES GROCERY-ANCHORED SHOPPING CENTER AT CROSSROADS MARKET

PRNEWSWIRE.COM ATLANTA, Dec. 5, 2017 /PRNewswire/ — Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced the acquisition of  Crossroads Market, a 98% leased 126,895 square foot shopping center located in Naples, Florida, and anchored by a 55,999 square foot Publix grocery store. Crossroads Market is strategically located just off of I-75 at the entrance to the Vineyards luxury golf community and directly across from the Physicians Regional Medical Center. PAC acquired this asset through its wholly-owned subsidiary New Market Properties, LLC….

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Roswell Wieuca Shopping Center
Nov 30, 2017

NEW MARKET PROPERTIES, LLC ACQUIRES GROCERY-ANCHORED ROSWELL WIEUCA SHOPPING CENTER

PRNEWSWIRE.COM ATLANTA, Nov. 30, 2017 /PRNewswire/ — Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced the acquisition of the Roswell Wieuca Shopping Center, a 100% leased 74,370 square foot shopping center located in Atlanta, Georgia, which is anchored by a 22,921-square-foot Fresh Market grocery store. The Roswell Wieuca Shopping Center is located in the highly affluent Atlanta submarket of Buckhead and Chastain Park, on the corner of Roswell Road and Wieuca Road. PAC acquired this asset through its wholly-owned subsidiary…

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Sep 25, 2017

NEW MARKET PROPERTIES, LLC ACQUIRES GROCERY-ANCHORED SHOPPING CENTER AT WEST TOWN MARKET

PRNEWSWIRE.COM ATLANTA, Sept. 25, 2017 /PRNewswire/ — Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced the acquisition on September 22, 2017 of West Town Market, an approximately 67,883 square foot shopping center located in Fort Mill, South Carolina, an affluent submarket within the Charlotte, North Carolina MSA and anchored by a 48,220 square foot Harris Teeter grocery store.  West Town Market is strategically located on the highly-travelled Highway 160 corridor just west of I-77, the main thoroughfare into downtown Charlotte. PAC acquired this asset through its wholly-owned subsidiary…

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Sep 11, 2017

NEW MARKET PROPERTIES, LLC ACQUIRES GROCERY-ANCHORED SHOPPING CENTER AT WOODMONT VILLAGE

PRNEWSWIRE.COM ATLANTA, Sept. 11, 2017 /PRNewswire/ — Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced the acquisition on September 8, 2017 of Woodmont Village, an approximately 85,639 square foot shopping center located in the Atlanta, Georgia MSA and anchored by a 54,139 square foot Kroger grocery store.  Woodmont Village is strategically positioned at the intersection of GA Highway 20 and Cherokee Road in this rapidly growing and affluent corridor of Cherokee County. PAC acquired this asset through its wholly-owned subsidiary New Market Properties, LLC. Joel T….

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Aug 28, 2017

NEW MARKET PROPERTIES, LLC ACQUIRES GROCERY-ANCHORED SHOPPING CENTER AT MAYNARD CROSSING

PRNEWSWIRE.COM ATLANTA, Aug. 28, 2017 /PRNewswire/ — Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced the acquisition on August 25, 2017 of Maynard Crossing, an approximately 122,781 square foot shopping center located in the affluent Raleigh submarket of Cary, North Carolina and anchored by a 55,973 square foot Kroger grocery store.  Maynard Crossing is strategically located at the corner of Maynard and High House Road, a major intersection with over 43,000 cars per day. PAC acquired this asset through its wholly-owned subsidiary New Market…

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Jul 27, 2017

New Market Properties, LLC Acquires Grocery-Anchored Shopping Center at Irmo Station

PRNEWSWIRE.COM ATLANTA, July 27, 2017 /PRNewswire/ — Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced the acquisition on July 26, 2017 of Irmo Station, an approximately 99,384 square foot shopping center located in the Columbia, South Carolina MSA and anchored by a 56,942 square foot Kroger grocery store.  Irmo Station is strategically located just one mile off of Interstate Highway 26 (I-26), the main highway connecting Greenville, South Carolina to Charleston, South Carolina through Columbia. PAC acquired this asset through its wholly-owned subsidiary New Market Properties, LLC. Joel T….

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