Preferred Apartment Communities, Inc. [Acquired] | REIT Profile

Symbol: APTS new symbol: BREIT
CIK: 1481832
Exchange: NYSE
Founded: 2009
HQ: Atlanta, GA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Retail, Office, Residential
Externally Managed REIT

Website Logo  Facebook Logo  Twitter Logo  Linkedin Logo  YouTube Logo  RSS Logo 

About Preferred Apartment Communities, Inc. [Acquired]

Preferred Apartment Communities, Inc. is a Maryland corporation formed primarily to acquire and operate multifamily properties in select targeted markets throughout the United States. As part of our business strategy, we may enter into forward purchase contracts or purchase options for to-be-built multifamily communities and we may make real estate related loans, provide deposit arrangements, or provide performance assurances, as may be necessary or appropriate, in connection with the development of multifamily communities and other properties. As a secondary strategy, we may acquire or originate 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 and invest a lesser portion of our assets in other real estate related investments, including other income-producing property types, senior mortgage loans, subordinate loans or real estate loans secured by interests in other income-producing property types, membership or partnership interests in other income-producing property types as determined by our manager as appropriate for us.


Preferred Apartment Communities, Inc. Company Logo

Latest REIT Press Releases


See more Press Releases for Preferred Apartment Communities, Inc.

Related Information


Material Source Description
Blackstone Real Estate Income Trust Completes $5.8 Billion Acquisition of Preferred Apartment Communities, Inc. (2022-06-23) BUSINESS WIRE ATLANTA & NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) and Preferred Apartments Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced that Blackstone Real Estate Income Trust, Inc. (“BREIT”) has completed its previously announced acquisition of PAC for $25.00 per share of common stock, without interest, in an all-cash transaction valued at approximately $5.8 billion. The holders of each series of PAC’s preferred stock will receive the $1,000 per share liquidation preference for each share of preferred stock plus accrued but unpaid dividends thereon, without interest. As a result of the transaction, PAC’s common stock will no longer be listed on any public market.

Related REITs


REIT REITRating™ Score Exchange Market Capitalization Sector Country
Equity Residential (EQR) 8.5 NYSE Large-Cap Residential United States
Camden Property Trust (CPT) 8.6 NYSE Micro-Cap Residential United States
Mid-America Apartment Communities, Inc. (MAA) 8.5 NYSE Large-Cap Residential United States
Essex Property Trust, Inc. (ESS) 8.1 NYSE Large-Cap Residential United States
BRT Apartments Corp. (BRT) 7.1 NYSE Small-Cap Residential United States
UDR Inc. (UDR) 7.9 NYSE Large-Cap Residential United States
Independence Realty Trust, Inc. (IRT) 8.5 NYSE Mid-Cap Residential United States

Last updated: 2024-03-29 - v4.8