Preferred Apartment Communities, Inc. Provides Updates Related to COVID-19 Pandemic and April Rent Collections - News released on Fri, 24 Apr 2020 11:00:19 +0000 (UTC)- REITNewsHeadlines - 2020-04-26 14:18:27 PDT
This beak down provided by #APTS tells a good story of the current Coronavirus impact on economy. As of April 22, 2020, the Company has collected April rent as follows:
95% collected for multifamily, 96% collected for student housing. Grocery Anchored Retail:
71% collected overall1, including 100% of grocery and pharmacy. Office Properties:
95% collected1, 1 Adjusted for GSA leases or other Federal government agencies which are customarily paid in arrears.
In total, the Company has collected an aggregate of approximately 90% of its monthly rent and real estate investment loan income for the month of April across all business lines. - Rocco64 - 2020-04-26 14:18:27 PDT