Profile: Preferred Apartment Communities Inc (APTS.A)

APTS.A on American Stock Exchange

8.49USD
1 Aug 2013
Price Change (% chg)

$-0.30 (-3.41%)
Prev Close
$8.79
Open
$8.79
Day's High
$8.80
Day's Low
$8.45
Volume
1,270
Avg. Vol
4,576
52-wk High
$10.00
52-wk Low
$7.25

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Preferred Apartment Communities, Inc., incorporated on September 18, 2009, is formed to acquire multifamily properties in select targeted markets throughout the United States. It also may acquire senior mortgage loans, subordinate loans or mezzanine debt secured by interests in multifamily properties, membership or partnership interests in multifamily properties and other multifamily assets as determined by Preferred Apartment Advisors, LLC (manager) as appropriate for the Company. In January 2013, the Company acquired three multifamily communities aggregating 928 apartment homes. In June 2013, Preferred Apartment Communities Inc announced its acquisition of a 96-unit townhome community located in Hampton, Virginia.

The Company is externally managed and advised by its manager. The Company focuses on branding all apartment communities owned by it as a A Preferred Apartment Community.

Company Address

Preferred Apartment Communities Inc

Suite 400, 3625 Cumberland Boule
ATLANTA   GA   30339
P: +1770.8184100

Company Web Links

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