APTS - Mergers and acquisitions

Preferred Apartment Communities, Inc. (NYSE:APTS) ("PAC" or the "Company") today announced that on September 17, 2021 it completed the acquisition of Solis Chestnut Farm, a 256-Unit Class A multifamily community in the Charlotte, North Carolina MSA. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210928006096/en/Solis Chestnut Farm - Charlotte, NC (Photo: Business Wire) Jeff Sherman, the Company's President of Multifamily said, "Chestnut Farm is a second-to-none, Class A property in the affluent Charlotte suburb of Matthews. Additionally, Chestnut Farm is uniquely advantaged with an inimitable amenity – a 265-acre park directly co

Preferred Apartment Communities, Inc. (NYSE:APTS) ("PAC" or the "Company") today announced that on September 16, 2021, it completed the acquisition of The Kingson, a 240-Unit Class A multifamily community in Fredericksburg, Virginia. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210921006090/en/The Kingson - Fredericksburg, VA (Photo: Business Wire) Jeff Sherman, the Company's President of Multifamily said, "The Kingson offers upscale housing in Fredericksburg, an historic and growing suburb of Washington, D.C." Mr. Sherman continued, "The Kingson had a rapid lease-up and will continue to benefit from its immediate location near

Preferred Apartment Communities, Inc. (NYSE:APTS) ("PAC" or the "Company") today announced that on September 14, 2021, it completed the acquisition of The Anson, a newly constructed 301-Unit Class A multifamily community in the Nashville, Tennessee MSA. The acquisition of The Anson resulted from the real estate loan investment the Company originated in May of 2018 to support the development of the property. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210915005535/en/The Anson - Nashville, TN Jeff Sherman, the Company's President of Multifamily said, "This acquisition expands our footprint in Nashville, a strategic market with

Preferred Apartment Communities, Inc. (NYSE:APTS) ("PAC" or the "Company") today completed the acquisition of Alleia at Presidio, a 231-Unit Class A multifamily community in Fort Worth, Texas. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210708005921/en/Alleia at Presidio : Dallas-Forth Worth, TX (Photo: Business Wire) Jeff Sherman, the Company's President of Multifamily said, "Alleia marks our re-entry into the Dallas-Fort Worth metroplex, which continues to lead the nation in total population growth." Mr. Sherman added, "This property checks so many boxes for us; it is surrounded by affluent demographics, is located in a top-

Preferred Apartment Communities, Inc. (NYSE:APTS) ("PAC" or the "Company") today completed the acquisition of The Ellison, a 250-Unit Class A multifamily community in Kennesaw, Georgia, a strong and growing submarket in the Atlanta MSA. The Ellison is currently 100% leased. The addition of The Ellison to our Sunbelt portfolio increases our total multifamily units to 11,393 and increases our multifamily units in the Atlanta MSA to 1,811, or approximately 15.9% of our multifamily portfolio. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210630005915/en/The Ellison - Located in Kennesaw, GA. (Photo: Business Wire) Jeff Sherman, Pres

AssetStrategyMarketSubmarket/BBDSF150 FayettevilleCoreRaleighCBD560,000CAPTRUST TowerCoreRaleighNorth Hills300,000Capitol TowersCoreCharlotteSouthPark479,000Morrocroft CentreCoreCharlotteSouthPark291,000Galleria 75 Redevelopment SiteCoreAtlantaCumberland/Galleria      Office-Related Mezzanine LoanNon-CoreAtlantaWest Midtown Armour YardsNon-CoreAtlantaBuckhead/Midtown  _________________________________________ Acquisition to be Funded Primarily ThroughSales of Non-Core AssetsExpects to Return Balance Sheet Metrics to Current Levels by Mid-2022_________________________________________         Plan Expected to Strengthen Long-Term Growth Trajectory Immediately Accretive to Cash FlowsNeutral