EI what do you think about apartments versus commercial property? It would seem like more people are needing apartments and due to the economy wouldn't they be steering away from commercial buildings?
Preferred Apartment Communities, Inc. Announces Date of Second Quarter 2015 Earnings Release and Conference CallTuesday 07/07/2015 04:15 PM ET - PR Newswire via Dow Jones News
ATLANTA, July 7, 2015 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE MKT: APTS) today announced plans to release its second quarter 2015 earnings after the market closes on Monday, August 3, 2015.
Preferred Apartment Communities, Inc. Announces Investment In Irvine, California Development *Wednesday 07/01/2015 04:30 PM ET - Dow Jones News
Preferred Apartment Communities, Inc. Announces Investment in Irvine, California DevelopmentWednesday 07/01/2015 04:30 PM ET - PR Newswire via Dow Jones News
ATLANTA, July 1, 2015 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE MKT: APTS) ("PAC" or the "Company") today announced that it closed on an investment of up to approximately $56 million in 360 Irvine Lending, LLC, a Delaware limited liability company, in connection with its plans to develop an approximately 280-unit multifamily community in Irvine, California. Additionally, with this investment, PAC received an option to purchase the multifamily community following stabilization at a discounted price to market. "We are delighted to be a part of the development of this outstanding site located in the heart of one of the strongest apartment markets in the country. This will be a phenomenal asset when completed," said John A. Williams, the Company's Chief Executive Officer.
