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ATLANTA, Dec. 21, 2020 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today provided a summary of the Company's recent investment and capital redeployment activities. During the months of November and December 2020, the Company (i) completed the $478.7 million sale of its student housing portfolio, (ii) completed the acquisitions of two multifamily communities in Florida, The Blake, a 2019 built 281-unit Class A multifamily community located in Winter Springs, Florida, a suburban community located northwest of the fast-growing Orlando MSA and The Menlo, a newly constructed 332-unit Class A multifamily community located in Jacksonville, Florida, (iii) was fully repaid with all accrued interest on three previously issued multifamily real estate investment loans, (iv) sold a multifamily community in a now non-core market and (v) completed a call of approximately $208.8 million of its Series A preferred stock.