Preferred Apartment Communities Inc (NYSE:APTS)

8.24
Delayed Data
As of 3:59pm ET
 -0.10 / -1.20%
Today’s Change
5.01
Today|||52-Week Range
10.40
+11.35%
Year-to-Date
SECTOR
Finance
INDUSTRY
Real Estate Investment Trusts
MARKET CAP
$412.2M

Company Description

Preferred Apartment Communities, Inc. engages in the acquisition and operation of multifamily properties in select targeted markets throughout the United States. It operates through the following segments: Multifamily Communities, Student Housing Properties, Financing, New Market Properties, Preferred Office Properties, and Others. The Multifamily Communities segment consists company's portfolio of owned residential multifamily communities. The Student Housing Properties segment comprises company's portfolio of owned student housing properties. The Financing segment refers to the portfolio of real estate loans, bridge loans, and other instruments deployed by the company to partially finance the development, construction, and prestabilization carrying costs of new multifamily communities and other real estate and real estate related assets. The New Market Properties segment covers portfolio of grocery-anchored shopping centers, as well as the financial results from the retail real estate loans. The Preferred Office Properties segment relates to the portfolio of office buildings. The Other segment includes deferred offering costs. The company was founded by Leonard A. Silverstein and John A. Williams on September 18, 2009 and is headquartered in Atlanta, GA.

Contact Information

Preferred Apartment Communities, Inc.
3284 Northside Parkway NW
Atlanta Georgia 30327
P:(770) 818-4100
Investor Relations:
1770

Employees

Shareholders

Mutual fund holders28.12%
Other institutional23.63%
Individual stakeholders2.86%

Top Executives

Joel T. MurphyPresident, Chief Executive Officer & Director
John A. IsaksonChief Financial Officer & Executive Vice President
Jeffrey R. SprainSecretary, Executive VP & General Counsel
Michael Joseph CroninTreasurer, Chief Accounting Officer & Executive VP
William Randolph ForthChief Asset Management Officer & Executive VP