Preferred Apartment Communities Inc.
Preferred Apartment Communities Grabs 2 Retail Assets
Publix grocery stores anchor both community shopping centers, which total nearly 140,000 square feet in the Nashville and Atlanta areas.
PAC Nabs 4 Office Assets in Atlanta
The four office buildings of the Armour Yards development total nearly 200,000 square feet of space and were converted from warehouses over the last two years.
PAC Snags $19M FL Shopping Center
New Market Properties LLC, the company’s wholly-owned subsidiary, purchased Crossroads Market in Naples, Fla. The shopping center is anchored by a Publix grocery store.
PAC Expands Shopping Center Portfolio
The 74,370-square-foot Roswell Wieuca is 100 percent leased to a variety of tenants. The purchase marks PAC’s 38th grocery-anchored acquisition across seven Sunbelt states.
USAA Sells San Antonio Office Campus
Developed in 2014 and 2015, the two-building business park is 100 percent leased through January 2017 to USAA and Harland Clarke Holdings.
PAC Lands New Retail Deal in Atlanta
The acquisition of the 85,639-square-foot shopping center was financed using a non-recourse first mortgage loan from Protective Life Insurance Co.
PAC Grabs Raleigh-Area Shopping Center
The purchase of the 122,800-square-foot, grocery-anchored property through the company’s wholly owned subsidiary, New Market Properties, marks another step in a Sunbelt-area expansion strategy.
PAC Lands SC Shopping Center
The corporation acquired Irmo Station in Columbia, S.C., through a subsidiary, using a $10.7 million mortgage loan. A Kroger grocery store anchors the 99,000-square-foot retail asset.
PAC Nabs GA Grocery-Anchored Shopping Center
The company’s wholly owned subsidiary, New Market Properties LLC, purchased Rockbridge Village, a roughly 102,432-square-foot retail center in Stone Mountain, Ga.
PAC Nabs Atlanta-Area Retail Center
The company acquired an 80,018-square-foot shopping center anchored by a 45,600-square-foot Publix grocery store. PAC financed the acquisition utilizing a $11.5 million non-recourse first mortgage loan.
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