In the News


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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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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