Harbour Retail Partners & New Market Properties Announce Acquisition of a Grocery-Anchored Shopping Center in Wilmington, NC

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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…

Continue Reading Harbour Retail Partners & New Market Properties Announce Acquisition of a Grocery-Anchored Shopping Center in Wilmington, NC