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NEWS: $APTS Preferred Apartment Communities Inc (APTS) Q3 2020 Earnings Call Transcript
Image source: The Motley Fool. Preferred Apartment Communities Inc (NYSE: APTS) Q3 2020 Earnings Call Nov 10, 2020 , 11:00 a.m. ET Operator Continue reading For further details see: Preferred Apartment Communities Inc (APTS) Q3 2020 Earni...
Find out more APTS - Preferred Apartment Communities Inc (APTS) Q3 2020 Earnings Call Transcript
BREAKING NEWS: $APTS Preferred Apartment Communities Announces Agreement to Sell its Student Housing Portfolio to TPG Real Estate Partners
Preferred Apartment Communities Announces Agreement to Sell its Student Housing Portfolio to TPG Real Estate Partners PR Newswire ATLANTA, Sept. 24, 2020 ATLANTA , Sept. 24, 2020 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) (the "Co...
Got this from APTS - Preferred Apartment Communities Announces Agreement to Sell its Student Housing Portfolio to TPG Real Estate Partners
+APTS Preferred Apartment Communities
Preferred Apartment Communities is a differentiated REIT focused on producing dividend growth and total stockholder return backed by a portfolio of high amenity, class-A multifamily properties, grocery-anchored retail, office buildings, and student housing properties in growth markets throughout the U.S.
https://pacapts.com/communities/
Share Structure
Market Cap Market Cap
298,160,095
04/01/2020
Authorized Shares
Not Available
Outstanding Shares
47,251,996
02/19/2020
https://www.otcmarkets.com/stock/APTS/security
Columbus resident here: I did not realize that Preferred was a public entity. I am a leasing agent with a rival company near OSU's campus and have been in contact with a few Preferred properties. I know this is a very narrow view of the company, but its somoe information that I can offer:
-The Taylor House is sizable community near Bethel Rd. From what I have heard, they have not had many issues in the past few years. I believe construction was completed on this property about 5 years ago (2013).
-The Luxe Belle apartments are being put up in between the Short North and Campus. Should be open for leasing starting Fall 2019. Primarily 1 bedroom luxury apartments. Expensive, but in a environment that is thirsty for one bedroom units, they will inevitably sell.
Like I said, this is a narrow look at the whole company, but it is what I can offer. Here in Columbus OH, they are looking pretty good.
Columbus resident here: I did not realize that Preferred was a public entity. I am a leasing agent with a rival company near OSU's campus and have been in contact with a few Preferred properties. I know this is a very narrow view of the company, but its somoe information that I can offer:
-The Taylor House is sizable community near Bethel Rd. From what I have heard, they have not had many issues in the past few years. I believe construction was completed on this property about 5 years ago (2013).
-The Luxe Belle apartments are being put up in between the Short North and Campus. Should be open for leasing starting Fall 2019. Primarily 1 bedroom luxury apartments. Expensive, but in a environment that is thirsty for one bedroom units, they will inevitably sell.
Like I said, this is a narrow look at the whole company, but it is what I can offer. Here in Columbus OH, they are looking pretty good.
Sad news. CEO John Williams passed away today. Prayers for his family and friends.
Mr. Williams is survived by his wife Nancy; three children, Jay, Sarah Brook and Parker, and two grandchildren, Jack and Harrison.
Nice PR today. 19% ROI.......yes!
PAC will utilize the proceeds for working capital purposes including reducing the outstanding balance under its revolving line of credit facility, acquisitions, real estate investment loans and general corporate purposes. The property achieved an average annualized return of approximately 19%.
Look for a new 52 week high here. Maybe on the open tomorrow.
These are the former Post Properties team. Top notch management. They offer Preferreds at $1000 a share that pays about a 6% divvy. If you want to sell they buy them back for $1000 a share. They money is used for expansion.
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.
APTS - end of May 6500 shares were bought by insiders at over $11 a share. August announcement should be great don't you think?
end of May thousands of shares were bought by insiders at over $11 a share
where did everyone go? this should be rocking
ATLANTA, June 24, 2015 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE MKT: APTS) ("PAC" or the "Company") today announced the acquisition of a newly constructed 308-unit Class A multifamily community in Naples, Florida. "With this acquisition, we are adding to our growing portfolio of best-in-class new multifamily communities," said Daniel M. DuPree, the Company's Chief Investment Officer and Vice Chairman. Leonard A. Silverstein, PAC's President and Chief Operating Officer added, "With the addition of this community, we continue to lower the average age of our portfolio, which we believe is the lowest in the industry." PAC acquired this community through a wholly-owned subsidiary and financed the acquisition utilizing a first mortgage loan from the Prudential Insurance Company of America.
ATLANTA, June 24, 2015 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE MKT: APTS) ("PAC" or the "Company") today announced the acquisition of a newly constructed 308-unit Class A multifamily community in Naples, Florida. "With this acquisition, we are adding to our growing portfolio of best-in-class new multifamily communities," said Daniel M. DuPree, the Company's Chief Investment Officer and Vice Chairman. Leonard A. Silverstein, PAC's President and Chief Operating Officer added, "With the addition of this community, we continue to lower the average age of our portfolio, which we believe is the lowest in the industry." PAC acquired this community through a wholly-owned subsidiary and financed the acquisition utilizing a first mortgage loan from the Prudential Insurance Company of America.
Preferred Apartment Communities, Inc. To Be Added to Russell 2000(R) and Russell 3000(R) IndexesMonday 06/22/2015 09:00 AM ET - PR Newswire via Dow Jones News
ATLANTA, June 22, 2015 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE MKT: APTS) ("PAC" or the "Company") today announced that it will be added to the Russell 2000(R) and Russell 3000(R) Indexes effective after the close of market on June 26, 2015, as part of Russell Investments' annual index reconstitution. "We are pleased with the recognition of the success of our organization since our IPO and believe that is reflected in this selection," said John A. Williams, PAC's Chief Executive Officer.
Preferred Apartment Communities, Inc. Increases Quarterly Common Stock Dividend
http://pacapts.com/
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