Preferred Apartment Communities (APTS) Tops Q3 FFO by 3c
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November 2, 2015 4:45 PM EST
ATLANTA, Nov. 2, 2015 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) (the "Company" or "Preferred Apartment Communities") today reported results for the quarter ended September 30, 2015. Â Unless otherwise indicated, all per share results are reported based on the basic weighted average shares of Common Stock and Class A Units of the Company's operating partnership ("Class A OP Units") outstanding.
"We believe our third quarter 2015 operating results show a great quarter for the Company. Our normalized FFO results increased approximately $2.6 million, or $0.06... More
November 2, 2015 9:00 AM EST
ATLANTA, Nov. 2, 2015 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced the acquisition on October 30, 2015 of Summit Point, an approximately 112,000 square foot grocery-anchored necessity retail shopping center anchored by a 54,379 square foot Publix grocery store. Summit Point is located in the community of Fayetteville, Georgia, a growing and affluent suburb in the Atlanta market.
PAC acquired this asset through its wholly-owned subsidiary New Market Properties, LLC. Joel T. Murphy, President and Chief Executive... More
