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
 |
 |
 |
 |
 |
 |
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.
Latest REIT Press Releases
- Preferred Apartment Communities - Blackstone Real Estate Income Trust Completes $5.8 Billion Acquisition of Preferred Apartment Communities, Inc. - Thu, 23 Jun 2022 18:55:04 UTC
- Preferred Apartment Communities - Preferred Apartment Communities, Inc. Stockholders Approve Acquisition by Blackstone Real Estate Income Trust - Fri, 17 Jun 2022 15:12:31 UTC
- Preferred Apartment Communities - Preferred Apartment Communities, Inc. Announces Re-Opening of Warrant Exercises - Wed, 08 Jun 2022 20:35:18 UTC
- Preferred Apartment Communities - Preferred Apartment Communities, Inc. Announces Adjournment of Special Meeting of Stockholders Until June 17, 2022 - Tue, 07 Jun 2022 14:17:22 UTC
- Preferred Apartment Communities - Preferred Apartment Communities, Inc. Announces Suspension of Preferred Stock Redemptions and Warrant Exercises - Mon, 23 May 2022 10:45:36 UTC
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) | 8.3 | NYSE | Large-Cap | Residential | United States |
| Mid-America Apartment Communities, Inc. (MAA) | 8.4 | NYSE | Large-Cap | Residential | United States |
| Essex Property Trust, Inc. (ESS) | 8.0 | NYSE | Large-Cap | Residential | United States |
| BRT Apartments Corp. (BRT) | 7.1 | NYSE | Micro-Cap | Residential | United States |
| UDR Inc. (UDR) | 8.3 | NYSE | Large-Cap | Residential | United States |
| Independence Realty Trust, Inc. (IRT) | 8.5 | NYSE | Mid-Cap | Residential | United States |
Last updated: 2024-11-05 - v5.8