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BRIEF-Preferred Apartment Communities announces acquisition of a 180-unit multifamily community in Tampa, Florida
November 21, 2017 / 9:39 PM / 19 days ago

BRIEF-Preferred Apartment Communities announces acquisition of a 180-unit multifamily community in Tampa, Florida

Nov 21 (Reuters) - Preferred Apartment Communities Inc

* Preferred Apartment Communities, Inc. announces acquisition of a 180-unit multifamily community in Tampa, Florida

* Preferred Apartment Communities Inc - ‍Pac acquired this community through a wholly-owned subsidiary​

* Preferred Apartment Communities-Pac financed acquisition utilizing a non-recourse first mortgage loan from fannie mae originated by Berkadia commercial​

* Preferred Apartment Communities- ‍first mortgage loan is about $22.2 million, bears interest at a fixed rate of 3.95% per annum, has a seven-year term​ Source text for Eikon: Further company coverage:

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