SPONSOR
New Market Properties LLC
Atlanta, GA
New Market Properties owns and operates grocery-anchored shopping centers in nine Sunbelt and Mid-Atlantic states. Based in Atlanta, Georgia, we are a wholly-owned indirect subsidiary of Preferred Apartment Communities, Inc. (NYSE: APTS). Our strategy is to acquire, invest in, and operate grocery-anchored centers that fit our investment criteria in quality suburban submarkets within the top 100 metro areas from Washington DC, down through the Mid Atlantic, Southeast, Florida and out through Texas. We target centers that have market dominant grocery anchors that maintain a #1 or #2 market share in that particular market and that have high and growing sales volume stores in the particular center. We also target on a select basis a specialty grocer such as Whole Foods, Sprouts, Fresh Market or Trader Joe’s in a market where they have a significant presence and where the center is located on outstanding real estate. We seek to do business with owners, operators, investors, and developers of centers that fit inside this strategy through a wide range of business relationships from joint venture, development, redevelopment, value-add, and acquisition.
Areas of Interest
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At a Glance
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