APTS - Dividend announcements

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. Joel T. Murphy, PAC's Chairman and Chief Ex

Preferred Apartment Communities, Inc. (NYSE:APTS) ("PAC" or the "Company") today announced that, in connection with its previously announced acquisition by Blackstone Real Estate Income Trust, Inc. ("BREIT"), which, subject to PAC stockholder approval at the upcoming special meeting and satisfaction of other customary conditions, is expected to close on or about June 9, 2022, PAC will: suspend voluntary redemptions of shares of Series A Redeemable Preferred Stock of the Company, $0.01 par value per share, Series A1 Redeemable Preferred Stock of the Company, $0.01 par value per share, Series M Redeemable Preferred Stock of the Company, $0.01 par value per share, and Series M1 Redeemable Pr

All-Cash Transaction For $25 Per Share of Common Stock Valued at Approximately $5.8 Billion Preferred Apartment Communities (NYSE:APTS) ("PAC" or the "Company") today announced that it has entered into a definitive agreement with Blackstone Real Estate Income Trust, Inc. ("BREIT"), under which BREIT will acquire all outstanding shares of common stock of PAC for $25.00 per share in an all-cash transaction valued at approximately $5.8 billion. Under the terms of the agreement, BREIT will acquire PAC, which includes 44 high-quality multifamily communities totaling approximately 12,000 units concentrated largely in Atlanta, Orlando, Tampa, Jacksonville, Charlotte and Nashville, and 54 grocery

Preferred Apartment Communities, Inc. (NYSE:APTS) ("PAC" or the "Company") closed today on its previously announced disposition of two office properties, Armour Yards and 251 Armour Yards (the "Armour Yards Portfolio"), to Northwood Investors for an aggregate purchase price of $79.5 million, which will result in net proceeds at closing of approximately $31.1 million, after the satisfaction of approximately $48.4 million of property level debt and other closing adjustments and costs. The Company will redeem 36,926 shares (the "Called Shares") of its 6.00% Series A Redeemable Preferred Stock (the "Series A Preferred Stock") on September 13, 2021 (the "Redemption Date"). The Called Shares rep

Preferred Apartment Communities, Inc. (NYSE:APTS) ("PAC" or the "Company") today announced that it intends to redeem 221,645 shares (the "Called Shares") of its 6.00% Series A Redeemable Preferred Stock (the "Series A Preferred Stock") on August 3, 2021 (the "Redemption Date"). The Called Shares represent 100% of the Series A Preferred Stock currently available to call at the Company's option and 13.5% of the current total outstanding shares. "The announcements yesterday and today represent a continuation of the clearly stated real estate and capital rotation strategies we have articulated over the past 12 months. Since last November, we have redeemed over $550 million of our Series A Pref

ATLANTA, Jan. 29, 2021 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") announced today how it expects its 2020 distributions to be classified for federal income tax purposes.  Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of these distributions. The estimated distribution classifications are shown on the charts below.  This release is based on the preliminary results of work on the Company's tax filings and is subject to correction or adjustment when the filings are completed.  The Company is releasing information at this time to aid those required to distribute Form 1099-DIVs on the C