Preferred Apartment Communities (APTS) Tops Q3 FFO by 3c

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Preferred Apartment Communities, Inc. Reports Results for Third Quarter 2015

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.  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

Preferred Apartment Communities, Inc. Announces Acquisition of a Grocery-Anchored Necessity Retail Shopping Center

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