PAC's portfolio includes Class A multifamily, office and grocery-anchored shopping center properties in 41 markets and 15 states, mostly in the Southeast, Mid . BREIT will also acquire the Companys two Sun Belt office properties and 10 mezzanine / preferred equity investments collateralized by under construction and newly-built multifamily assets. You will not use any device, software or routine to interfere or attempt to interfere with the proper working of the website. Preferred Apartment Communities is a real estate firm that acquires and operates multifamily properties. For example, the Registration Data includes Personally Identifiable Information as does any other information you submit that identifies you individually. For press inquiries, contact[emailprotected]. Preferred Apartment Communities | 2,789 followers on LinkedIn. Any information relating to you that we provide to our Affiliates will be treated by those Affiliates in accordance with this Privacy Policy. If you decide you no longer want to receive these communications from us, we will provide you with an option to opt-out and change your preferences. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. YOU MUST INDEPENDENTLY VERIFY THE ACCURACY OF ALL SUCH INFORMATION AND MATERIALS BEFORE ACTING OR RELYING THEREON OR MAKING ANY INVESTMENT DECISIONS IN CONNECTION THEREWITH. PACs policy relates to all phases of employment including recruitment, placement, promotion, training, demotion, transfer, layoff, recall and termination, rates of pay, employee benefits, and participation in all company-sponsored employee activities. Preferred Apartment Communities is engaged primarily in the operations and property management of Class A multifamily communities. These merchants have separate privacy and data collection practices, and we have no responsibility or liability for these independent policies. You agree to monitor these Terms and Conditions of Use, and to cease all access or use of the Website if you no longer agree to abide by the Terms and Conditions of Use. For press inquiries, contact[emailprotected]. We will also release specific information in special cases, such as if there is an attempted breach of security or a physical threat to you or others. Use of this Website is unauthorized in any jurisdiction that does not give full effect to all provisions of this agreement, including without limitation this paragraph and the warranty disclaimers and liability exclusions above. About Preferred Apartment Communities, Inc.Preferred Apartment Communities, Inc. (NYSE: APTS) is a real estate investment trust engaged primarily in the ownership and operation of Class A multifamily properties, with select investments in grocery-anchored shopping centers. Preferred Apartment Communities : Stockholders Approve Acquisition by Blackstone Real Estate Income Trust, Inc - Form 8-K | MarketScreener Homepage Equities United States Nyse Preferred Apartment Communities, Inc. News Summary APTS US74039L1035 PREFERRED APARTMENT COMMUNITIES, INC. (APTS) Add to my list Summary Quotes Charts News Ratings Company By Christine Serlin Adobe Stock / pvl Jones Lang LaSalle Limited, BofA Securities, Lazard Frres & Co. LLC and Wells Fargo Securities LLC served as BREITs financial advisors, and Simpson Thacher & Bartlett LLP acted as BREITs legal counsel. In addition, as a condition of your use of this Website, you represent and warrant to PAC that you will not use this Website for any purpose that is unlawful, immoral, or prohibited by these terms, conditions, notices or law. Its rent collections have been at pre-pandemic levels, it continues to acquire and invest in multifamily communities, and it has virtually sold off all of its office . Preferred Apartment Communities investment objective is to generate attractive, stable returns for stockholders by investing in income-producing properties and acquiring or originating real estate loans. This press release includes forward-looking statements within the meaning of Section27A of the Securities Act of 1933, as amended, and Section21E of the Securities Exchange Act of 1934, as amended. KeyBanc Capital Markets, Inc. and JonesTrading Institutional Services, LLC. ATLANTA & NEW YORK, June 23, 2022 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. Therefore, if you do not want us to obtain any Personally Identifiable Information about you, do not voluntarily submit such information to us. This Website may contain links to Websites operated by parties other than PAC. BREIT invests primarily in stabilized, income-generating U.S. commercial real estate across key property types and to a lesser extent in real estate debt investments. Switchboard: +1 (212) 583-5000. If you or your guest have a disability and you think that an accommodation or modification might enhance access to or enjoyment of your apartment or your PAC community, you may request it any time during your residency. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. Individual Investors & Financial Advisors, Do Not Sell or Share My Personal Information. PAC SPECIFICALLY DISCLAIMS ALL WARRANTIES AND CONDITIONS OF ANY KIND, INCLUDING ALL IMPLIED WARRANTIES AND CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT. IP addresses are used by your computer every time you are connected to the Internet. State or local law may provide additional protections. Leonard Silverstein presides over $5 billion in assets as co-founder, vice chairman of the board and president of Preferred Apartment Communities (NYSE: APTS), headquartered in Atlanta. Alternatively, we may give you notice by certified mail, postage prepaid and return receipt requested, to the address provided by you. This communication relates to the proposed merger transaction involving the Company. THESE MATERIALS MAY BE CHANGED WITHOUT NOTICE AT ANY TIME. The purchase price represents a premium of approximately 39% over the unaffected closing stock price on February 9, 2022, the date prior to a media article reporting that the Company was exploring strategic options including a sale, and a premium of approximately 60% to the 90-day volume-weighted average price through that date. Preferred Apartment Communities, Inc. (NYSE: APTS) is a real estate investment trust engaged primarily in the ownership and operation of Class A multifamily properties, with additional investments in grocery anchored retail, and Class A office buildings properties. King & Spalding LLP and Vinson & Elkins LLP are serving as the Companys legal counsel. The Company and BREIT claim the safe harbor protection for forward looking statements contained in the Private Securities Litigation Reform Act of 1995. About Blackstone Real Estate Income Trust, Inc. Blackstone Real Estate Income Trust, Inc. (BREIT) is a perpetual-life, institutional quality real estate investment platform that brings private real estate to income focused investors. IP addresses are automatically collected by our web server as part of demographic and profile data known as traffic data so that data (such as the web pages you request) can be sent to you. IT IS ILLEGAL TO DISCRIMINATE AGAINST ANY PERSON BECAUSE OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, SEX, DISABILITY, OR FAMILIAL STATUS (Familial Status means one or more individuals under 18 living with either a parent or other authorized person, and also applies to any person who is pregnant or in the process of securing custody of a minor child), TO ADVERTISE ANY PREFERENCE, LIMITATION, OR DISCRIMINATION BASED ON ANY OF THE FOREGOING, OR TO ADVERTISE ANY INTENTION TO MAKE ANY SUCH PREFERENCE, LIMITATION, OR DISCRIMINATION. You are responsible for compliance with applicable laws. Its possible no transaction will result. By selecting the relevant option, you certify that it accurately reflects your residency. Have a confidential tip for our reporters? In such case, notice shall be deemed given three (3) days after the date of mailing. Properties on this website are usually located in the northern areas of Tehran on the English version of the site and specifically dedicated to the foreign buyer. Switchboard: +1 (212) 583-5000. PAC may make financial and other information available through this Website. | Preferred Apartment Communities is engaged primarily in the operations and property management of Class A multifamily communities. Our Property Management reputation is the best in the area - just ask our current clients. Without limiting the foregoing, this website should not be used by minors. Blackstone Real Estate Income Trust, Inc. (BREIT) is a perpetual-life, institutional quality real estate investment platform that brings private real estate to income focused investors. Registration Data. Blackstones shares have been on a run lately. Our Services Consulting about renting, buying and selling furnished or unfurnished apartments, houses, offices, villas, commercial properties and lands for international and foreign [] Fair use of PACs trademarks requires proper acknowledgment. Some of your information may be shared on an aggregate basis only, as part of a larger set of statistics (for example, statistics that indicate the percentage of our members that are female), but that information will not be sufficient to permit the recipient to identify you. System Information. Its stock is up roughly 80 percent over the past 12 months. For press inquiries, contact [emailprotected]. Atlanta's Preferred Apartment Communities Inc. said Monday it will sell a portfolio of seven office properties and one office real estate loan investment to Raleigh, N.C.-based Highwoods. Statements regarding the following subjects, among others, may be forward-looking: Our business and investment strategy; our projected operating results; availability of qualified personnel; local and national market conditions and trends in our industry; demand for and lease-up of apartment homes, supply of competitive housing products, and other economic conditions; availability of debt and/or equity financing and availability on favorable terms; changes in our asset values; our ability to maintain our qualification as a REIT for U.S. federal income tax purposes; estimates relating to our ability to make distributions to our stockholders in the future; and economic trends and economic recoveries. You agree that PAC is not responsible for the contents or accuracy of any information or material from any third party, and that PAC is not responsible for any results relating to or arising out of any classified advertisements or other communications facilities or information or material in this Website, or for the quality of any products, information, or other materials displayed, purchased, obtained, sold, or otherwise disposed of by you as a result of any communications facilities or information or material in this Website. We reserve the right to require you to register to receive certain benefits, products or services and to provide certain registration data including your name, country, zip code or postal code (as appropriate) and email address (Registration Data). Investing using BREITs perpetual capital will enable us to be long-term owners of these vibrant communities. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Users Information is defined as any information or other material you provide to us or others in connection with this website. Automatic Collection of Non-Personally Identifiable Information. Individual Investors & Financial Advisors, Do Not Sell or Share My Personal Information. Blackstone expands further into rental housing in the United States. Preferred Apartment Communities investment objective is to generate attractive, stable returns for stockholders by investing in income-producing properties and acquiring or originating real estate loans. By selecting the relevant option, you certify that it accurately reflects your residency. Preferred Apartment Communities investment objective is to generate attractive, stable returns for stockholders by investing in income-producing properties and acquiring or originating multifamily real estate loans. As of September 30, 2021, the Company owned or was invested in 107 properties in 13 states, predominantly in the Southeast region of the United States. Although we strive to protect our users privacy, we cannot guarantee the security of information you post in these forums. Preferred Apartment Communities Inc ., a real estate investment trust that owns retail and multifamily properties, is exploring options including a full or partial sale after receiving inbound . We also require that these Outside Contractors (i) protect the privacy of your Personally Identifiable Information in a manner consistent with this Privacy Policy, and (ii) not use or disclose your Personally Identifiable Information for any purpose other than providing us with the products or services for which we contracted. Executive Vice President-Investor Relations The Companys grocery anchored retail portfolio performance has also been strong and resilient, and we believe these types of necessity-oriented assets located in areas with growing populations are well-positioned for continued growth., Werner continued, The Company has a terrific property management and operations team that shares our commitment to being best-in-class owners. Preferred Apartment Communities, Inc. (NYSE: APTS) is a real estate investment trust engaged primarily in the ownership and operation of Class A multifamily properties, with select investments in . Preferred Apartment Communities, Inc. (NYSE: APTS) is a real estate investment trust engaged primarily in the ownership and operation of Class A multifamily properties, with select investments in grocery anchored shopping centers. This information may include, without limitation, areas of our Website on which you post, the content of your post, posts that are responded to, and the individuals or entities with whom you communicate. By submitting this request, you consent to receive email from Blackstone. ATLANTA--(BUSINESS WIRE)--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. Predictions obviously may or may not prove to be accurate. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, Preferred Apartment Communities, Inc. (NYSE: APTS). The firm announced on Wednesday that it would spend roughly $6 billion to acquire Preferred Apartment Communities, a real estate investment trust based in Atlanta that owns 44 multifamily. Apartments, Community, Real Estate, Multi-family, Properties, Property Management, and Operations Locations Primary 3284 Northside Parkway Suite . Your IP address is a number that is used by computers on the network to identify your computer. THESE MATERIALS ARE NOT GUARANTEED OR REPRESENTED TO BE COMPLETE, CORRECT, OR UP-TO-DATE. You are granted a limited, revocable, and nonexclusive right to create a hyperlink to the home page of this website so long as the link does not portray us or any products or services offered on the website in a false, misleading, derogatory, or other manner which we deem offensive. Modification of Privacy Policy. For press inquiries, contact [emailprotected]. Tehrn $ 2,300 per month / Negotiable Best house in best place of Tehran House for rent, 3 bedrooms, 145m2 2 years ago. 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. Your IP: 51.254.138.140 Preferred Apartment Communities, Inc. (NYSE: APTS) is a real estate investment trust engaged primarily in the ownership and operation of Class A multifamily properties, with select. CBRE marketed the portfolio and . 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