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Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") closed today on its previously announced disposition of two office properties, Armour Yards and 251 Armour Yards (the “Armour Yards Portfolio”), to Northwood Investors for an aggregate purchase pri...
The S&P 500 extends its monthly win streak to 7 with markets up 2.9% in August bringing its YTD gains to almost 20%. I am continuing my monthly investment plans while still awaiting a market correction or possibly a real crash once market euphoria has come down. My dividend in...
Shares of Preferred Apartment Communities Inc. (NYSE:APTS) traded today at $12.85, eclipsing its 52-week high. So far today approximately 64,000 shares have been exchanged, as compared to an average 30-day volume of 338,000 shares. In the past 52 weeks, shares of Preferred Apartment Comm...
Preferred Apartment Communities Inc. (NYSE:APTS) traded at a new 52-week high today of $12.56. Approximately 131,000 shares have changed hands today, as compared to an average 30-day volume of 334,000 shares. Over the past year, Preferred Apartment Communities Inc. has traded in a range ...
I like using real-life stories for my Seeking Alpha articles. Let me know if you agree. Admittedly, this also is a "lessons learned" article, where readers can learn from my three-plus decades of brick-and-mortar experience. Bottom line: Never forget "the golden rule." For f...
Ending protections for millions of people who have fallen behind on their rent, the U.S. Supreme Court has dissolved the pandemic-related federal moratorium on residential evictions in a 6-3 vote (it was set to run until Oct. 3). A coalition of landlords and real estate associations has broug...
Just 11% of the $46.5B in rental assistance approved earlier this year have been distributed, meaning there's plenty of money available to be sent out to tenants and landlords struggling due to the pandemic. As a result of the low uptake, the U.S. Treasury ("UST") has added se...
U.S. equity markets retreated on a choppy week after a downbeat slate of economic data heightened concern that the recent COVID resurgence could stall or reverse the global economic reopenings. Exhibiting a reversion back to the "stay at home" trading patterns, the large-cap S&am...
In our "State of the REIT Sector" report, we analyze recently-released NAREIT T-Tracker data to review high-level REIT fundamentals over the past quarter through a series of charts. REIT company-level metrics have exhibited a substantial rebound over the last year as FFO and dividends...
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that on August 11, 2021 it closed on a real estate loan investment of up to approximately $23.15 million in connection with Oxford Properties’ plans to develop Club Drive Apartments, a 352...
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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...