Preferred Apartment Communities, Inc. Announces Investment in Real Estate Loan in Atlanta, Georgia, MSA Multi-Family Development

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ATLANTA, 17 August 2021– (BUSINESS WIRING) – Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or “Company”) today announced that it has closed an investment in a property loan of up to approximately $ 23.15 million on Aug.11, 2021, in connection with Oxford. Properties plans to develop Club Drive Apartments, a Class A multi-family residential complex with 352 garden-style parking, located in Gwinnett County, a northeastern suburb of Atlanta, Georgia, Massachusetts. The delivery of the first units is expected in the fall of 2023. The maturity of the real estate loan investment expires in February 2027, which coincides with the maturity of the construction loan.

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Club Drive Apartments – Atlanta, Georgia (Photo: Business Wire)

Jeff Sherman, President of Multifamily, said: “This complex is located in Gwinnett County, one of Atlanta’s fastest growing suburbs, and is ideally located to benefit from good visibility, easy access and close proximity to shopping. Sherman added, We believe our strategy to attract investment in real estate loans with experienced developers is a significant growth driver as it not only provides the Company with attractive recurring profit margins, but also provides a renowned lineup of modern and emerging multi-family Class A communities. “

John Isakson, PAC CFO, added: “The Club Drive deal is a great example of our ability to reallocate capital through our real estate loan investment program. The team has made significant efforts to build a new loan chain that will enable us to continue to invest in the program as we begin to see our payments increase. ”

About Preferred Apartment Communities, Inc.

Preferred Apartment Communities, Inc. (NYSE: APTS) is a real estate investment fund primarily engaged in the ownership and operation of Class A apartment buildings, with separate investments in shopping malls tied to grocery stores. The investment goal of Preferred Apartment Communities is to generate attractive, stable returns for shareholders by investing in income-generating real estate and acquiring or lending to multi-family real estate. As of June 30, 2021, the Company owned or invested in 117 properties in 13 states, primarily in the southeastern United States. Find out more at www.pacapts.com

Forward-looking statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Stock Exchange Act of 1934. These statements may be identified using forward-looking terminology such as may, trend, will, expects, plans, estimates, expects, projects, intends, believes “,” Goals “,” tasks “,” perspectives “, etc. expressions. Because such statements involve risks, uncertainties and unforeseen circumstances, actual results could differ materially from the expectations, intentions, beliefs, plans or projections for the future expressed or implied by such forward-looking statements, including closing risks and timing. of them. These risks, uncertainties and unforeseen circumstances include, but is not limited to (a) the impact of the COVID-19 pandemic and associated federal, state and local government actions on PAC’s business operations and economic conditions in the markets in which PAC operates; (b) the PAC’s ability to mitigate the impact of COVID-19; and (d) those disclosed in PAC filings to the Securities and Exchange Commission. PAC assumes no obligation to update these forward-looking statements to reflect events or circumstances after the date specified herein, or to reflect the occurrence of unforeseen events, unless required by law.

Additional Information

The Securities and Exchange Commission (SEC) has declared effective the filing for each of our public offerings by the Company. Before investing, you should read the final prospectus and any prospectus supplements that are part of the incorporation application and other documents that the Company has filed with the SEC to obtain more complete information about the Company and the offering. In particular, you should carefully read the risk factors described in the final prospectus and in any associated prospectus annexes, as well as in documents incorporated by reference in the final prospectus and any associated prospectus annexes. You can obtain these documents free of charge by visiting EDGAR on the SEC website at www.sec.gov… Alternatively, the Company or its dealer manager, Preferred Capital Securities, LLC, will arrange to send you a prospectus for the A1 / M1 Series Proposal upon request by contacting John A. Isakson at (770) 818-4109, 3284 Northside Parkway. NW, Suite 150, Atlanta, Georgia, 30327.

The final prospectus for the A1 / M1 series proposals dated October 22, 2019 can be accessed via the following link:
https://www.sec.gov/Archives/edgar/data/1481832/000148183219000097/a424b5-2019seriesamshares.htm

See the original version at businesswire.com: https://www.businesswire.com/news/home/20210817005892/en/

Contacts

Preferred Apartment Communities, Inc.
John A. Isakson 770-818-4109
Chief Financial Officer
Email: jisakson@pacapts.com

Preferred Apartment Communities, Inc.
Paul Cullen 770-818-4144
Executive Vice President Investor Relations
Email: Investorrelations@pacapts.com

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