In the News


Mar 19, 2020

New Market Properties Announces Acquisition of a Grocery-Anchored Shopping Center in Dallas, TX

ATLANTA, March 19, 2020 /PRNewswire/ — Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) announced its acquisition of Midway Market, an 85,599 square foot grocery-anchored shopping center in Dallas, Texas. The center is anchored by a strong-performing Kroger, the market share leading grocer. Midway Market is a high barrier to entry location with a three-mile population of 145,581 and strong average household incomes of over $98,000. The shopping center is located on the corner of Frankford Road and Midway Road which has optimal…

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Jan 30, 2020

NEW MARKET PROPERTIES ANNOUNCES ACQUISITION OF GROCERY-ANCHORED CENTER IN RALEIGH, NC

ATLANTA, Jan. 29, 2020 /PRNewswire/ — Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) announced its acquisition of Wakefield Crossing, a grocery-anchored shopping center in Raleigh, North Carolina. The 75,927 square foot Wakefield Crossing Shopping Center is anchored by Food Lion, the top market share grocer in Raleigh. This high barrier to entry location is strategically positioned at the entrance of the master planned Wakefield community, home to Wakefield Elementary, Middle and High Schools. The center is surrounded by very affluent demographics, has ideal…

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Dec 19, 2019

New Market Announces Acquisition of a Grocery-Anchored Shopping 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…

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Nov 14, 2019

NEW MARKET PROPERTIES ANNOUNCES ACQUISITION OF 4th GROCERY-ANCHORED CENTER IN ORLANDO, FL

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 grocery store. Berry Town Center is located in the greater Orlando area five miles southwest of Disney World, Orlando’s largest employer. Berry Town Center sits at the intersection of Highway 27 and Sand Mine Road, which sees a high-volume traffic count of over 41,500 CPD. PAC made this investment through its…

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Aug 19, 2019

NEW MARKET PROPERTIES ANNOUNCES A JOINT VENTURE INVESTMENT IN A GROCERY-ANCHORED CENTER IN VIRGINIA BEACH, VA

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 (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…

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Jun 12, 2019

NEW MARKET PROPERTIES, LLC ACQUIRES TWO PUBLIX ANCHORED CENTERS IN FLORIDA

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 square foot, Publix anchored shopping center is located in a densely populated submarket of St. Petersburg with over 134,000 residents within a three-mile radius. This infill location is strategically positioned at the intersection of 49th Street North and 38th Avenue North, which has traffic counts over 40,000 vehicles per…

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May 28, 2019

NEW MARKET PROPERTIES, LLC ACQUIRES FIRST GROCERY-ANCHORED SHOPPING CENTER IN MARYLAND

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 by a Giant Food grocery store. Free State is located in Bowie, Maryland, approximately 15 miles east of Washington, DC and 20 miles south of Baltimore, Maryland. PAC acquired this asset through its wholly-owned indirect subsidiary New Market Properties, LLC. Joel T. Murphy, President and Chief Executive Officer of New Market said, “This acquisition…

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Jan 17, 2019

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

ATLANTA, Jan. 17, 2019 /PRNewswire/ — Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced its acquisition of Gayton Crossing, a 158,317 square foot shopping center located in Richmond, Virginia and anchored by a Kroger grocery store. Gayton Crossing is located on the corner of Gaskins Road and Quioccasin Road, which sees a high volume traffic count of over 36,000 CPD.    PAC acquired these assets through its wholly-owned indirect subsidiary New Market Properties, LLC. Joel T. Murphy, President and Chief Executive…

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Jan 02, 2019

NEW MARKET PROPERTIES, LLC ACQUIRES FIRST GROCERY-ANCHORED SHOPPING CENTER IN VA

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 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…

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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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