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

Kroger anchors the 85,639-square-foot Woodmont Village, located roughly 40 miles outside Atlanta in Canton, Ga.

CANTON, GA. — Preferred Apartment Communities Inc. has acquired Woodmont Village, an 85,639-square-foot shopping center located 40 miles north of Atlanta in Canton. The Kroger-anchored asset was acquired through the company’s wholly owned subsidiary New Market Properties LLC, which used a non-recourse first mortgage acquisition loan from Protective Life Insurance Co. The seller and terms of the transaction were not disclosed.

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