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Preferred Apartment Communities Announces Acquisition Of A Grocery-Anchored Shopping Center


Wednesday, 2 Jan 2019 

Jan 2 (Reuters) - Preferred Apartment Communities Inc ::PREFERRED APARTMENT COMMUNITIES, INC. ANNOUNCES ACQUISITION OF A GROCERY-ANCHORED SHOPPING CENTER THROUGH ITS WHOLLY-OWNED INDIRECT SUBSIDIARY, NEW MARKET PROPERTIES, LLC.PREFERRED APARTMENT COMMUNITIES INC - COMPANY FINANCED ACQUISITION UTILIZING A NON-RECOURSE FIRST MORTGAGE LOAN FROM AEGON..PREFERRED APARTMENT COMMUNITIES INC - FIRST MORTGAGE LOAN IS ABOUT $27.3 MILLION, HAS A TERM OF 10 YRS.PREFERRED APARTMENT COMMUNITIES INC - THERE ARE NO LOAN GUARANTIES PROVIDED BY PAC OR ITS OPERATING PARTNERSHIP.. 

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