APTS News and Press, Preferred Apartment Communities Inc. From 06/17/22

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...

Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) announced that, at the reconvened special meeting of stockholders (the “Special Meeting”) held today, its stockholders approved the acquisition of PAC by Blackstone Real...

The REIT sector has fallen in 4 of the first 5 months of 2022, including a -3.51% total return in May. Small cap (-2.26%) and mid cap (-3.46%) REITs outperformed, while large caps (-4.48%) and micro caps (-5.82%) saw deeper losses in May. Only 31.18% of REIT securities had a posit...

Merger activity ground to a halt last week with no new deals announced. JetBlue sweetened its offer for Spirit. Oracle completed its massive $24.3 billion deal for healthcare software company Cerner. For further details see: Merger Arbitrage Mondays: The Bidding War For ...

Redfin recent report indicates that the number of homes for sale saw a 8% drop during the four weeks ending June 5, marking the smallest Y/Y decline since January 2020. Tours, offers and other requests for help with homebuying, as measured by the Redfin Homebuyer Demand Index, decreased 12% l...

The median monthly asking rent in the U.S. exceeded $2K for the first time in May, rising 15% Y/Y to $2,002, Redfin said in its My rent report. "More people are opting to live alone, and rising mortgage-interest rates are forcing would-be homebuyers to keep renting," Redfin Deputy Chief Econo...

Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC”) today announced that independent proxy advisory firm Egan-Jones Proxy Services has recommended that PAC stockholders vote “ FOR ” the previously announced all-cash acquisition of PAC by Blackstone...

Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced that PAC has re-opened exercises of warrants to purchase shares of Common Stock of the Company (the “Company Warrants”) due to the adjournment of the spe...

Preferred Apartment Communities (NYSE:APTS) convened and then adjourned a shareholder vote on its planned sale to Blackstone Real Estate Income Trust. The meeting is adjourned until June 17 to provide holders with additional time to vote on the acquisition, according to a statement earlier Tu...

Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) announced that it adjourned today's Special Meeting of Stockholders (the “Special Meeting”) until June 17, 2022. The Company today convened and then adjourned the Sp...