8.10 Up +0.02 +0.25%
COMPANY ADDRESS
PREFERRED APARTMENT COMMUNITIES Inc
3625 Cumberland Boulevard
Atlanta, GA 30339
USA - Map
Phone: +1 770 818-4100
Fax: +1 770 818-4101
Website
COMPANY INFORMATION
Exchange: American Stock Exchange
Stock: Preferred Apartment Communities Inc
Industry: REIT - Residential
Employees: NA
DESCRIPTION
Preferred Apartment Communities, Inc. was formed as a Maryland corporation on September 18, 2009 and has elected to be taxed as a real estate investment trust, or REIT. The Company is formed to acquire multifamily properties in select targeted markets throughout the United States. The Company 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. The Company is in the development stage. It is in the process of forming a subsidiary, Preferred Apartment Communities Operating Partnership, LP. Its investment strategy is to acquire assets in opportunistic and stable markets, taking advantage of a depleting inventory and favorable financing available from Freddie Mac and Fannie Mae.
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Financial data in US dollars | Page generated 8:53 AM ET
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[BRIEFING.COM] The stock market ended the holiday-shortened week on a mixed note as the Dow Jones Industrial Average shed 0.1%, while the S&P 500 added 0.1% with seven sectors posting gains. Equity indices faced an uphill climb from the opening bell ... More
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