Other than this agreement, PAC will not enter into any agreement with you or obligation to you through this Website, and no attempt to create such an agreement or obligation will be effective. Except as otherwise required by applicable law, each of the Company and BREIT disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this release. In addition, except as otherwise provided in our Privacy Policy, by publishing, posting, advertising distributing, disseminating, or uploading any information or material to this Website, you agree that PAC may in its discretion freely use, republish, make derivative works from, or sell that information and material and anything derived therefrom for its exclusive benefit or for the benefit or others. Preferred Apartment Communities - Crunchbase The U.S. Department of Energy (DOE) estimates that the historic home energy efficiency and electrification consumer rebates authorized will save households up to $1 billion annually. Blackstone Expands Further Into Rental Housing in the U.S. - The New Learn more atwww.pacapts.com. These merchants have separate privacy and data collection practices, and we have no responsibility or liability for these independent policies. Preferred Apartment Communities, Inc. is a real estate investment trust (REIT). The Company is primarily engaged in owning and operating Class A multifamily properties, with select investments in grocery-anchored shopping centers. To receive email alerts from Blackstone, sign up below. 51.254.138.140 The holders of each series of PACs preferred stock will receive the $1,000 per share liquidation preference for each share plus accrued but unpaid dividends. PAC also served as The Ellisons property manager overseeing a very successful lease-up, where 100% leased status was attained in less than 6 months. ATLANTA-- ( BUSINESS WIRE )--Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that on October 14, 2021 it closed on a real estate loan investment. You do not have to provide us with any Personally Identifiable Information to visit or browse our Website. PAC provides equal employment opportunity to qualified persons without regard to race, color, religion, sex, national origin, age, veteran status, disability or other protected status. You will indemnify, defend and hold us, our affiliates and subsidiaries and their respective directors, officers, employees, representatives, successors and assigns (collectively, Indemnitees) harmless from any and against any claims, damages, losses, liabilities, causes of action or injuries, together with all costs and expenses, including penalties, interest levied, reasonable attorneys fees and court costs, arising out of or resulting from your: (i) alleged breach of your obligations, representations or warranties set forth in this Agreement; (ii) alleged violation of any laws or rights of third parties (including intellectual property rights) (iii) giving us any information which is inaccurate; (iv) negligence or willful misconduct; (v) violation of any law, regulation or right of any third party; (vi) dispute with any third party, including parties selling goods or services through this website; or (vii) use of this website or the services of us or any third party. PAC reserves and has the right (but not the obligation) for any reason or no reason to remove without notice any communications, information, or material on this Website. This communication is not a substitute for the Proxy Statement or for any other document that the Company may file with the SEC and send to the Companys stockholders in connection with the proposed transaction. Its rent collections have been at pre-pandemic levels, it continues to acquire and invest in multifamily communities, and it has virtually sold off all of its office . We reserve, however, the right to modify or remove from this website, all or any portion of Users Information or other material that we, in our sole discretion, consider infringing, offensive, abusive, defamatory, obscene, or otherwise unacceptable or unlawful. This Website resides on a server in Atlanta, Georgia, USA. The executives added that rents in the United States had been rising at two to three times the rate of inflation. PAC, Preferred Apartment Communities, Preferred Apartment, and the other PAC formatives used in this Website are service marks, trade names or trademarks, whether or not registered, of PAC, or its owners, or their parents, subsidiaries, or affiliates (collectively, PAC). Sheypoor.com and Divar.ir Renting and buying in Tehran. PAC operates in accordance with the Fair Housing Act (The Civil Rights Act of 1968, as amended by the Fair Housing Amendments Act of 1988), as well as all applicable state and local laws regarding fair housing and equal opportunity. Preferred Apartment Communities, Inc. (PAC) operates this Website. PACs policy relates to all phases of employment including recruitment, placement, promotion, training, demotion, transfer, layoff, recall and termination, rates of pay, employee benefits, and participation in all company-sponsored employee activities. We may provide to third parties information about you that does not allow you to be identified or contacted, including where such information is combined with similar information of other users of our Website. You will not use any device, software or routine to interfere or attempt to interfere with the proper working of the website. In such transactions, customer information generally is one of the transferred assets. We reserve the right to use cookies to collect demographic and profile data for purposes of delivering content specific to your interests. The final prospectus for the Series A1/M1 Offering, dated October 22, 2019, can be accessed through the following link: https://www.sec.gov/Archives/edgar/data/1481832/000148183219000097/a424b5-2019seriesamshares.htm, Preferred Apartment Communities, Inc. PAC MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY OF THE MATERIALS ON THIS WEBSITE FOR ANY PURPOSE. I would like to thank the Blackstone team for being so collaborative as we worked together to achieve this result. For example, the Registration Data includes Personally Identifiable Information as does any other information you submit that identifies you individually. ATLANTA--(BUSINESS WIRE)--Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today completed the acquisition of The Ellison, a 250-Unit Class A multifamily community in Kennesaw, Georgia, a strong and growing submarket in the Atlanta MSA. This information may include, without limitation, areas of our Website on which you post, the content of your post, posts that are responded to, and the individuals or entities with whom you communicate. Blackstone Real Estate Income Trust, Inc. (BREIT) is a perpetual-life, institutional quality real estate investment platform that brings private real estate to income focused investors. Be aware that Internet e-mail typically is not secure. Such links are provided for your reference only. Access to your Personally Identifiable Information by these Outside Contractors is limited to the information reasonably necessary in order for the Outside Contractors to perform their limited function for us. IP Addresses. ATLANTA & NEW YORK, June 23, 2022 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 per share of common stock, without interest, in an all-cash transaction valued at approximately $5.8 billion. Cookies are pieces of information that a website transfers to your computers hard disk for record-keeping purposes. ATLANTA, April 19, 2021 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that the Company has entered into an agreement to sell a. Referrers. The transaction has been unanimously approved by PACs Board of Directors and is expected to close in the second quarter of 2022, subject to approval by PACs stockholders and other customary closing conditions. Preferred Apartment Communities | 2,789 followers on LinkedIn. PAC may, in its discretion, provide information in future public announcements regarding its outlook that may be of interest to the investment community, the format and extent of which may be different from the format and extent of the information contained at this Website. THESE MATERIALS ARE NOT GUARANTEED OR REPRESENTED TO BE COMPLETE, CORRECT, OR UP-TO-DATE. Preferred Apartment Communities Series A 6% redeemable stock has redemption value of $1,000. YOU MAY NOT ACT OR RELY ON ANY INFORMATION OR MATERIALS IN THIS WEBSITE, AND YOU PARTICULARLY SHOULD NOT MAKE ANY INVESTMENT DECISIONS BASED ON ANY INFORMATION OR MATERIALS IN THIS WEBSITE. This agreement constitutes the entire agreement between you and PAC with respect to this Website. Careers At Preferred Apartment Communities. You may not upload files that contain software or other material protected by intellectual property laws (or by rights of privacy of publicity) unless you own or control all necessary rights to the files or have received all necessary consents. Joel T. Murphy, PACs Chairman and Chief Executive Officer, said, Todays closing of BREITs acquisition of PAC marks the beginning of an exciting new chapter for PAC. Have a confidential tip for our reporters? Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will also be included in the Proxy Statement and other relevant materials to be filed with the SEC when they become available. Preferred Apartment Communities is a results driven property management leader that focuses on managing multifamily communities at scale while continuously innovating people, technology, and customer experience strategies for growth and financial results. Each warrant, included in the price . This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. PAC will work with our residents to identify things that can be done to make our apartment homes and the amenity areas more accessible or usable by our residents or their guests with disabilities. We intend that this website and the materials and services provided hereon be used by adults only and users that can form legally binding contracts under applicable law. Real estate has become an increasingly critical part of Blackstones performance. PAC is focused on the best way to create value for our business, people, and planet. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. For press inquiries, contact[emailprotected]. Preferred Apartment Communities, Inc. Announces Adjournment of Special These risks and uncertainties include, but are not limited to, the following: (i)the parties may be unable to satisfy the conditions to closing; (ii)the proposed transaction may involve unexpected costs, liabilities or delays; (iii)the Companys business may suffer as a result of uncertainty surrounding the proposed transaction; (iv)the risk that the proposed transaction disrupts the Companys current plans and operations or diverts managements or employees attention from ongoing business operations; (v)the risk of potential difficulties with the Companys ability to retain and hire key personnel and maintain relationships with suppliers and other third parties as a result of the proposed transaction; (vi)the possible failure of the Company to maintain its qualification as a REIT; (vii)stockholder litigation in connection with the proposed transaction may affect the timing or occurrence of the proposed transaction or result in significant costs of defense, indemnification and liability; (viii)the Company may be adversely affected by other economic, business or competitive factors; (ix)the occurrence of any event, change or other circumstances could give rise to the termination of the definitive merger agreement; and (x)other risks to the consummation of the proposed transaction, including the risk that the proposed transaction will not be consummated within the expected time period or at all. Luxury apartments are coming to Arlington's sports and entertainment mecca All persons are hereby informed that all dwellings advertised on this Website are available on an equal opportunity basis. KeyBanc Capital Markets, Inc. and JonesTrading Institutional Services, LLC. Therefore, if you do not want us to obtain any Personally Identifiable Information about you, do not voluntarily submit such information to us. About Preferred Apartment Communities, Inc. Any claim or controversy arising out of, relating to, or concerning this Website and/or this agreement must be submitted to and settled under binding arbitration in Atlanta, Georgia, U.S.A. in accordance with the rules of the American Arbitration Association. If you do not qualify, you are not permitted to use this website and you do not have our consent to do so. Website http://www.pacapts.com Industries Real Estate. PAC is committed to ensuring that our residents and their guests share equal access to the buildings, amenities, resources, and activities available at our communities to the fullest extent possible. IP addresses are automatically collected by our web server as part of demographic and profile data known as traffic data so that data (such as the web pages you request) can be sent to you. THESE MATERIALS DO NOT NECESSARILY REFLECT THE OPINIONS OF PAC OR ANY OF ITS AGENTS. You can email the site owner to let them know you were blocked. You may not conduct or forward surveys, contests, chain letters, or commercial solicitations. Joel T. Murphy, PACs Chairman and Chief Executive Officer, said, This transaction is an excellent outcome for our stockholders and the culmination of the hard work our first-class team has done over the past few years to simplify and refocus our portfolio., Howard A. McLure, PACs Lead Independent Director, added, Our focus from the outset has been on delivering the best possible outcome for all our stockholders. The firms investments in rental housing are a key way to offset the pressure of inflation, Blackstones chairman and chief executive, Stephen A. Schwarzman, and its president and chief operating officer, Jonathan Gray, said on an earnings call in late January. 30327. helping to establish and verify the identity of users; opening, maintaining, administering and servicing users accounts or memberships; processing postings and sending related communications; improving our Website, including tailoring it to users preferences; responding to users questions, inquiries, comments and instructions; maintaining the security and integrity of our systems; and. Although we will use reasonable efforts to safeguard the confidentiality of your personally identifiable information (including credit card information), transmissions made by means of the Internet cannot be made absolutely secure. Preferred Apartment Communities Inc. is a top REIT that predominantly operates in the premier multifamily property field. In the event that we link any Non-Personally Identifiable Information with Personally Identifiable Information, we will treat such information as Personally Identifiable Information and only use such information in accordance with this Privacy Policy. The Company and BREIT claim the safe harbor protection for forward looking statements contained in the Private Securities Litigation Reform Act of 1995. For instance, we may provide information to third parties regarding the number of unique users who visit our Website, the demographic breakdown of the registered users of our Website, or the activities that visitors to our Website engage in while on our Website. We regard the privacy and security of user information as a critical component of the services that we offer to our Website users. Housing Tehran, property in Tehran - Expat.com As a result of the transaction, PACs common stock will no longer be listed on any public market. PAC SHALL HAVE NO LIABILITY OR RESPONSIBILITY FOR ANY ERRORS OR OMISSIONS IN THE CONTENT OF THIS WEBSITE, FOR YOUR ACTION OR INACTION IN CONNECTION WITH THIS WEBSITE, OR FOR ANY DAMAGE TO YOUR COMPUTER OR DATA OR ANY OTHER DAMAGE YOU MAY INCUR IN CONNECTION WITH THIS WEBSITE. This website is using a security service to protect itself from online attacks. All-Cash Transaction For $25 Per Share of Common Stock Valued at Approximately $5.8 Billion. You may not upload files that contain viruses, corrupted files, or any other similar software, code, or programs that may damage the operation of anothers computer. Preferred Apartment Communities selling office properties to Highwoods The holders of each series of PACs preferred stock will receive the $1,000 per share liquidation preference for each share of preferred stock plus accrued but unpaid dividends thereon, without interest. | Preferred Apartment Communities is engaged primarily in the operations and property management of Class A multifamily communities. Preferred Apartment Communities investment objective is to generate attractive, stable returns for stockholders by investing in income-producing properties and acquiring or originating real estate loans. Stuy Town, an apartment complex in Manhattan owned by Blackstone Group. You may not use any logo or other proprietary graphic or trademark on the website as part of the link without our express written permission. Preferred Apartment Communities is a real estate firm that acquires and operates multifamily properties. Investors and security holders may obtain a free copy of the proxy statement and other documents filed by the Company (when available) at its website, www.pacapts.com, or at the SECs website, www.sec.gov. PAC also may make employment information available through this Website. Predictions obviously may or may not prove to be accurate. 5 Oaks at Westchase is a community of luxury apartments that is ready to provide you with the sunny Florida lifestyle that you deserve. You may not use any meta tags or any other hidden text utilizing our name or trademarks without our express written consent. Pars Diplomatic: Home You may not defame, abuse, harass, stalk, threaten or otherwise violate the legal rights (such as rights of privacy and publicity) of others. Further information is available at www.breit.com. If you become a registered user and make postings on the Website, we may collect information about your postings. Preferred Apartment Communities Short Thesis - Seeking Alpha For office-specific contact information, please visit our our offices page. Consumer prices increased 7.5 percent in the year through January, the latest government report showed, with the cost of rent expected to rise this year, further fueling inflation. Alternatively, the Company or its dealer manager, Preferred Capital Securities, LLC, will arrange to send you a prospectus with respect to the Series A1/M1 Offering upon request by contacting John A. Isakson at (770) 818-4109, 3284 Northside Parkway NW, Suite 150, Atlanta, Georgia 30327. This communication relates to the proposed merger transaction involving the Company. Inclusive of this transaction, approximately half of BREITs portfolio comprises residential properties largely located in the West and South regions of the U.S., which are seeing robust demand and stable occupancy. Your IP: You will not be personally identified from this information. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company and/or BREIT, which may cause actual results to differ materially from those implied or anticipated in the forward-looking statements. A printed version of this agreement and/or of any notice given by PAC in electronic form shall be admissible in judicial or administrative proceedings based upon or relating to this agreement or your use of this Website to the same extent and subject to the same conditions as other business documents and records originally generated and maintained by PAC in printed form. GA You should be careful to review any privacy policies posted on any of these sites before signing up with and using them. PAC's portfolio includes Class A multifamily, office and grocery-anchored shopping center properties in 41 markets and 15 states, mostly in the Southeast, Mid . In some cases, the information may be audited. You agree that PAC is not responsible for the contents or accuracy of any information or material from any third party, and that PAC is not responsible for any results relating to or arising out of any classified advertisements or other communications facilities or information or material in this Website, or for the quality of any products, information, or other materials displayed, purchased, obtained, sold, or otherwise disposed of by you as a result of any communications facilities or information or material in this Website. This information is sent automatically by your web browser when you are connected to a website. IN NO EVENT SHALL PAC OR ITS AGENTS BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OF THIS WEBSITE, THE MATERIALS IN THIS WEBSITE, THE DELAY OR INABILITY TO USE THIS WEBSITE, OR OTHERWISE ARISING IN CONNECTION WITH THIS WEBSITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF PAC OR ITS AGENTS HAVE BEEN ADVISED OF THE POSSIBILITY OF ANY SUCH DAMAGES. Viewing this Website creates a copy of PACs materials in your computers random access memory and/or in your hard drive and/or in your proxy server. BREIT invests primarily in stabilized, income-generating U.S. commercial real estate across key property types and to a lesser extent in real estate debt investments. You agree that this agreement and your use of this Website are governed by the laws of the State of Georgia, U.S.A. You hereby consent to the exclusive jurisdiction and venue of the courts, tribunals, agencies, and other dispute resolution organizations in Atlanta, Georgia, USA in all disputes (a) arising out of, relating to, or concerning this Website and/or this agreement, (b) in which this Website and/or this agreement is an issue or a material fact, or (c) in which this Website and/or this agreement is referenced in a paper filed in a court, tribunal, agency, or other dispute resolution organization. By selecting the relevant option, you certify that it accurately reflects your residency. Preferred Apartment Communities is a real estate firm that acquires and operates multifamily properties. Our Services Consulting about renting, buying and selling furnished or unfurnished apartments, houses, offices, villas, commercial properties and lands for international and foreign [] You agree that no joint venture, partnership, employment, or agency relationship exists between you and PAC as a result of this agreement or your use of this Website. We also reserve the right to edit Users Information or other materials for any other reason consistent with the purposes of this Agreement or this website. Our employees are required by us to maintain and uphold your privacy and security and are aware of our privacy and security policies. Contacts, Preferred Apartment Communities, Inc.John A. Isakson, Chief Financial Officer770-818-4109[emailprotected], Paul Cullen, Executive Vice President-Investor Relations(770) 818-4144[emailprotected], Longacre Square PartnersDan Zacchei / Joe Germani[emailprotected] / [emailprotected], Jeffrey Kauth(212) 583-5395[emailprotected]. We do not solicit or knowingly collect Personally Identifiable Information from children under the age of 18. The Ellison - Located in Kennesaw, GA. (Photo: Business Wire), The Ellison - Interior Clubhouse (Photo: Business Wire), The Ellison - Fitness Center (Photo: Business Wire), The Ellison - Outdoor Pool (Photo: Business Wire), The Ellison - Outdoor Entertainment Area (Photo: Business Wire), The Ellison - Unit Bedroom (Photo: Business Wire). You further acknowledge that information and material published, posted, distributed, disseminated, or uploaded by other users are not endorsed by Preferred Apartment Communities, Inc. (PAC), that such communications shall not be considered reviewed, screened, or approved by PAC, and that some people may find such communications to be offensive or inappropriate. Silverstein's Preferred Apartment Communities Dazzle PACs inclusion of links to outside Websites does not imply any endorsement of the material on the Websites or any sponsorship, affiliation, or association with their owners, operators, or sponsors, nor does PACs inclusion of the links imply that PAC is authorized to use any trade name, trademark, logo, legal or official seal, or copyrighted symbol that may be reflected in the links. Preferred Apartment Communities, Inc. (NYSE: APTS) is a real estate investment trust engaged primarily in the ownership and operation of Class A multifamily properties, with select. We look forward to the next phase for PAC., Jacob Werner, Co-Head of Americas Acquisitions for Blackstone Real Estate, said, We are pleased to complete this acquisition on behalf of our BREIT investors and welcome the talented PAC team to Blackstone. Your continued use of the Website shall constitute acceptance of such modification. BREIT is externally managed by a subsidiary of Blackstone (NYSE: BX), a global leader in real estate investing. THE INFORMATION AND MATERIALS IN THIS WEBSITE ARE PROVIDED FOR YOUR REVIEW IN ACCORDANCE WITH THE NOTICES, TERMS AND CONDITIONS SET FORTH HEREIN. Please note that if you give out personal identification information online, that information can be collected and used by third parties. When considering these forward-looking statements, you should also keep in mind the risk factors and other cautionary statements found in each of the Companys and BREITs respective filings with the SEC, including their respective Annual Reports on Form10-Kfor the year ended December31, 2020 and subsequently filed Quarterly Reports on Form10-Qand Current Reports on Form8-K. All forward-looking statements, expressed or implied, included in this release are expressly qualified in their entirety by this cautionary statement. To view recent press releases, click here. We will not collect any Personally Identifiable Information from you unless you voluntarily submit such information to us. These risks, uncertainties and contingencies include, but are not limited to, (a) the impact of the COVID-19 pandemic and related federal, state and local government actions on PACs business operations and the economic conditions in the markets in which PAC operates; (b) PACs ability to mitigate the impacts arising from COVID-19; (c) the closing of the sale of seven of our office properties and one real estate loan investment and (d) those disclosed in PAC's filings with the Securities and Exchange Commission. Transfer of Your Information. Information We Use. 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