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Preferred Apartment buys Nashville shopping center

May 17, 2016 7:47 AM ETBlackstone Inc. (BX) StockBy: Stephen Alpher, SA News Editor1 Comment
  • Keeping up the busy acquistion pace, Preferred Apartment Communities (NYSE:APTS) acqires The Market at Victory Village - a 71.3K square-foot, grocery-anchored shopping center, anchored by a 45.6K square-foot Publix.
  • It's the company's 4h investment in the Nashville MSA.
  • The company assumed the existing first mortgage loan maturing in 2024 with an interest rate of 4.4%.
  • Source: Press Release

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