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Preferred Apartments Communities acquires 54th grocery-anchored asset 
Transactions - MARCH 20, 2020

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Preferred Apartments Communities acquires 54th grocery-anchored asset 

by Released

Preferred Apartment Communities has acquired Midway Market, an 85,599-square-foot grocery-anchored shopping center in Dallas. 

The center is anchored by a strong-performing Kroger, the market-leading grocer. Midway Market is a high barrier to entry location with a three-mile population of 145,581 and strong average household incomes of more than $98,000. The shopping center is located on the corner of Frankford Road and Midway Road, which has optimal visibility and access with traffic counts of more than 55,000 vehicles per day.

The firm now owns 54 grocery-anchored centers, which is part of its efforts of purchasing well-positioned grocery-anchored centers in suburban Sunbelt and Mid-Atlantic markets with strong demographics that are anchored by market-leading grocers.

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