APTS News and Press, Preferred Apartment Communities Inc.

Summary Industrial REITs- a perennial performance leader since 2015- have been slammed this year despite delivering stellar operating performance with demand for well-located logistics space continuing to outstrip supply. Just as valuations were recovering from the Amazon-related ...

Market price is not a great measure of the success of a publicly traded company. Real estate is fundamentally performing well. BX exploits the discrepancy between how public and private performance are measured to imply extreme alpha. Blackstone ( BX ) is among the world...

The REIT sector has fallen in 5 of the first 6 months of 2022, including a -9.44% total return in June. Large cap (-7.01%) and micro cap (-9.27%) REITs outperformed, while mid caps (-9.66%) and small caps (-10.61%) suffered the heaviest losses in June. Only 10.0% of REIT securitie...

Zendesk to be acquired by an investor group led by investment firms Permira and Hellman & Friedman in an all-cash transaction valued at approximately $10.2 billion. The price that Zendesk finally settled for was 40% below the midpoint of the original offer made by the same group o...

U.S. equity markets rebounded this week - just the second positive week in the past twelve - as interest rates moderated on further signs of softening global growth while resilient housing data calmed market jitters. Rebounding from its worst week since the depths of the pandemic, the...

Blackstone's (NYSE:BX) real estate income trust ("BREIT) completed its previously announced acquisition of Preferred Apartments Communities (APTS), also known as PAC, for $25 per share in an all-cash deal valued at ~$5.8B, the companies said Thursday. The holders of PAC's preferred stock will...

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 ...

The war in Ukraine is no longer the major market mover as record inflation has now taken that spot. Markets are very nervous and record inflation readings paired with an aggressive Fed and negative consumer sentiment are starting to hammer stocks and hopefully lead to a prolonged bear...

After rejecting two prior offers from Prologis, Duke Realty entered into a definitive agreement to be acquired by Prologis in an all-stock deal valued at $26 billion. Continental Resources received a non-binding proposal from its founder, Harold Hamm, to acquire all outstanding shares...

Preferred Apartment Communities (NYSE:APTS) has announced that its stockholders approved the acquisition of PAC by Blackstone Real Estate Income Trust. Based on the preliminary voting results provided by the independent Inspector of Election, over 99% of votes cast were in favor of the transa...