Preferred Apartment Communities Acquires Grocery-Anchored Shopping Center in Metro Atlanta

by Katie Sloan

Canton, Ga. — Preferred Apartment Communities Inc. has acquired Woodmont Village, an 85,639-square-foot shopping center located 40 miles outside Atlanta in Canton, Georgia.

The Kroger-anchored asset was acquired through the company’s wholly owned subsidiary New Market Properties LLC. The acquisition was financed through a non-recourse first mortgage loan from Protective Life Insurance Co. The seller and terms of the transaction were undisclosed.

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