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BRIEF-Preferred Apartment announces acquisition of a grocery-anchored shopping center
September 25, 2017 / 11:08 AM / 3 months ago

BRIEF-Preferred Apartment announces acquisition of a grocery-anchored shopping center

Sept 25 (Reuters) - Preferred Apartment Communities Inc :

* Preferred Apartment Communities, Inc. announces acquisition of a grocery-anchored shopping center through its wholly-owned subsidiary, New Market Properties, LLC

* Preferred Apartment - ‍first mortgage loan is approximately $9.0 million, bears interest at fixed rate of 3.64 pct per annum and matures on October 1, 2025​

* Preferred Apartment Communities Inc - financed acquisition utilizing a non-recourse first mortgage loan from nationwide life insurance company​ Source text for Eikon: Further company coverage:

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