In the News

Jun 06, 2017

New Market Properties, LLC Acquires Grocery-Anchored Shopping Center at Rockbridge Village

PRNEWSWIRE.COM ATLANTA, June 6, 2017 /PRNewswire/ — Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced the acquisition of Rockbridge Village, an approximately 102,432 square foot shopping center located in the Atlanta, GA MSA and anchored by a 68,632 square foot Kroger grocery store. Rockbridge Village is strategically located off of Stone Mountain Parkway at the intersection of Rockbridge Road and Five Forks Trickum Road in Gwinnett County. PAC acquired this asset through its wholly-owned subsidiary New Market…

Read More

May 31, 2017

Experts at ICSC’s RECon Say It’s All About Fitness, Beauty, Food and Service

GLOBEST.COM LAS VEGAS— caught up Monday evening of ICSC RECon’s event with Donahue Schriber Realty Group at the Mandarin Bar at the Mandarin Oriental hotel. The firm tells that the fundamentals in retail remain strong. “Donahue Schriber is very pleased with the continued activity that we see in the sectors where we do business: food, fitness, beauty, and service,” they tell Those thoughts also resonated with many other individuals we spoke to at the conference. For example, the…

Read More

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…

Read More

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…

Read More

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…

Read More

Harris Teeter
Aug 11, 2016

Competing grocers Harris Teeter and Publix upping the ante in Triangle neighborhood

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 Publix-anchored Shoppes at Heritage Village under construction across the street, the more established Heritage Station shopping center anchored by a recently-expanded Harris Teeter grocery store has been sold to a new investor. An announcement Wednesday by Atlanta-based Preferred Apartment Communities Inc. (NYSE: APTS) that its retail subsidiary has…

Read More

Aug 09, 2016

Hines REIT Begins Property Selloff

COSTAR Hines Real Estate Investment Trust Inc. has begun proceeding with its plan of liquidation. This week, Preferred Apartment Communities Inc. acquired seven grocery-anchored shopping centers with 650,400 rentable square feet in Georgia, Florida, Texas and North Carolina for $158 million, about $243/square foot. Preferred purchased the properties through its wholly-owned subsidiary New Market Properties LLC. Last week, Fortis Property Group, a Brooklyn, NY-based investor, acquired the signature Chase Tower at 2200 Ross Ave. in downtown Dallas from Hines REIT…

Read More

Sandy Plains Exchange Community
Jul 15, 2016

John Williams Shops Hines for Prominent Retail Portfolio

BISNOW | ATLANTA REAL ESTATE NEWS Iconic apartment developer and founder of Post Properties John Williams is buying a grocery cart-full of shopping center properties from a fund operated by Hines Interests. Williams’ New Market Properties, a division of his Preferred Apartment Communities, is under contract to buy eight retail properties from Hines REIT for $209.1M, or $198/SF, including three prominent suburban Atlanta centers. The deal is expected to close in August. The Atlanta properties include: Sandy Plains Exchange, a 73k…

Read More

1 | 2 | 3