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U.S. equity markets slid to their worst week since February after the Federal Reserve accelerated its "lift-off" plans in response to surging inflation, sparking a sell-off in economically sensitive assets. Snapping a three-week winning streak and retreating from record-highs set...
Stocks moved another leg higher in May. I am continuing my monthly investment plans while awaiting a market correction or possibly a real crash once market euphoria has come down. My dividend income amounted to $480, up 37% sequentially and 35% year over year. Gifted Working T...
U.S. equity markets rallied to fresh record highs this past week as long-term interest rates retreated despite inflation data showing the highest annual rise in consumer prices in decades. A seemingly insatiable bid for Treasury Bonds - a counterintuitive trend that some analysts like...
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that on May 28, 2021 it closed on a real estate loan investment of up to approximately $17.0 million in connection with Novare Group’s plans to develop Populus at Pooler, a 316-unit, surfa...
Preferred Apartment Communities (APTS) names Joel Murphy chairman in addition to his current roles as president and CEO.Howard McLure will continue to serve as lead independent director.Murphy has been CEO since January 2020 and a member of the board since May 2019. Before serving as CE...
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that its Board of Directors has unanimously appointed Joel Murphy to the additional position of Chairman of the Board. Mr. Murphy will continue to serve as President and Chief Executive Officer. ...
Due to the hardships from COVID-19 mortgage finance giants Freddie Mac ([[FMCC]] -0.9%) and Fannie Mae ([[FNMA]]) extend their multifamily forbearance agreement to Sept. 30, 2021 from their previous expiration date of June 30 of this year.This will enable multifamily operators...
U.S. equity markets rallied this past week as long-term inflation expectations eased following a lukewarm slate of economic data and as massive new government spending programs face diminishing public support. Snapping a two-week skid, the S&P 500 rallied 1.2% on the week. Bitcoin...
REITs recorded a sequential improvement across all critical metrics in Q1, powering a historic wave of dividend growth in early 2021. However, several harder-hit property sectors are far from fully-recovered. The Great Financial Crisis resulted in long-term, lasting pain for the real ...
Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) will hold its 2021 Annual Meeting of Stockholders (the “Annual Meeting”) virtually due to the public health impact of the COVID-19 pandemic and to support the health and...
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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 ...
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...
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...