Profile: Preferred Apartment Communities Inc (APTS.N)
Preferred Apartment Communities, Inc., incorporated on September 18, 2009, is a real estate investment trust (REIT). The Company is formed primarily to acquire and operate multifamily properties in select targeted markets throughout the United States. The Company operates through the segments, including multifamily communities, real estate related financing, new market properties and office buildings. The Company focuses on entering into forward purchase contracts or purchase options for to-be-built multifamily communities; making real estate related loans; providing deposit arrangements or providing performance assurances, in connection with the construction of multifamily communities and other properties. It also focuses on acquiring or originating senior mortgage loans, subordinate loans or real estate loans secured by interests in multifamily properties, membership or partnership interests in multifamily properties, and other multifamily related assets.
The multifamily communities segment consists of the Company's portfolio of owned residential multifamily communities, including its one owned student housing community and the Lenox Portfolio, which includes 47,600 square feet of ground floor retail gross leasable area. The real estate related financing segment consists of the Company's portfolio of real estate loans, bridge loans, and other instruments deployed by the Company to partially finance the development, construction, and prestabilization carrying costs of new multifamily communities and other real estate and real estate related assets. The new market properties segment consists of the Company's portfolio of grocery-anchored shopping centers, which are owned by New Market Properties, LLC, a subsidiary of the Company, as well as the financial results from the Company's retail real estate loans. The office buildings segment consists of the Company's office buildings located in Atlanta, Georgia and Birmingham, Alabama and Texas.
Preferred Apartment Communities Inc
3284 Northside Pkwy NW Ste 150
ATLANTA GA 30327-2282