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ATLANTA, May 10, 2021 /PRNewswire/ Preferred Apartment Communities, Inc. (NYSE: APTS) ( we, our, the Company, Preferred Apartment Communities or PAC ) today reported results for the quarter ended March 31, 2021. Unless otherwise indicated, all per share results are reported based on the basic weighted average shares of Common Stock and Class A Units ( Class A Units ) of the Preferred Apartment Communities Operating Partnership (our Operating Partnership ) outstanding. See Definitions of Non-GAAP Measures.
Preferred Apartment Communities We are very pleased to report another quarter of sound operational performance from our Sunbelt-focused portfolio of assets. We are seeing solid growth and positive trajectory in our top line revenues in our core multifamily business, which is supported by broad positive economic and migration trends. These operational successes have allowed us to continue to advance our strategic goals of simplify
Preferred Apartment Communities, Inc Continues Simplification Strategy with Agreement for Transformational Office Portfolio Sale prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
RALEIGH In a move announced today, Raleigh-based Highwoods Properties (NYSE: HIW) will acquire a portfolio of seven office properties and one real estate loan investment from Atlanta-based Preferred Apartment Communities, Inc. (NYSE: APTS) for a purchase price of $717.5 million, with an expected closing in the third quarter of 2021.
The portfolio includes 150 Fayetteville, also known as the Wells Fargo Capitol Center, a 560,000 square foot office tower in Raleigh, as well as the CAPTRUST Tower, a 300,000 square foot office in North Raleigh, as well as Capitol Towers, a 479,000 square foot, two-building office tower complex in the SouthPark neighborhood of Charlotte, and Morrocroft Centre, a 291,000 square foot, three-building office tower in Charlotte, and three properties in Atlanta, along with the real estate loan investment.
Preferred Apartment Communities, Inc Announces Date of First Quarter 2021 Earnings Release and Conference Call prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.