Preferred Apartment Communities, Inc. Completes the Acquisition of a 250-Unit Multifamily Community in the Atlanta, Georgia MSA

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Jun 30, 2021

Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today completed the acquisition of The Ellison, a 250-Unit Class A multifamily community in Kennesaw, Georgia, a strong and growing submarket in the Atlanta MSA. The Ellison is currently 100% leased. The addition of The Ellison to our Sunbelt portfolio increases our total multifamily units to 11,393 and increases our multifamily units in the Atlanta MSA to 1,811, or approximately 15.9% of our multifamily portfolio.