|Stock:||Preferred Apartment Communities Inc.|
|Industry:||REIT - Residential|
|Preferred Apartment Communities, Inc., 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. 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. In January 2013, the Company acquired three multifamily communities aggregating 928 apartment homes.|
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