In the News


May 25, 2017

Real Capital Markets: Grocery-anchored centers continue to thrive

REJOURNALS.COM The retail sector is facing plenty of challenges, with online sales biting into the profits of brick-and-mortar retailers. But there is one traditional retail sector that continues to thrive today: retail centers anchored by grocery tenants. That’s one of the key findings from Real Capital Markets’ May 2017 Retail Sentiment Report. According to the report, investors remain high on anchored shopping centers, which they continue to view as the most attractive retail investment opportunity. Real Capital Markets reports that…

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Apr 24, 2017

New Market Properties, LLC Acquires Grocery-Anchored Shopping Center at Castleberry-Southard

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 and anchored by a 45,600 square foot Publix grocery store.  Castleberry-Southard is located in Forsyth County, the 11th fastest growing county in the U.S., and is located off of Georgia 400 at the intersection of Castleberry Road and Bethelview Road. PAC acquired this asset through its wholly-owned…

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Houston Chroncicle
Oct 21, 2016

Atlanta company adds another local shopping center to portfolio

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 Market Properties subsidiary, represents the final purchase of an eight-property portfolio from Houston-based Hines. The Randalls-anchored center, at FM 1960 and Champions Forest Drive and totaling 403,523 square feet, is the largest of the properties acquired and is 82 percent leased. The portfolio, which totals just over…

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