| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
56 |
| Employees |
410 |
| Revenues (TTM) (Millions $) |
440 |
| Net Income (TTM) (Millions $) |
12 |
| Cash Flow (TTM) (Millions $) |
73 |
| Capital Exp. (TTM) (Millions $) |
440 |
Business Description
Preferred Apartment Communities Inc. (PAC) is a real estate investment trust (REIT) that focuses on owning, acquiring, and operating multi-family properties within the United States. The company was incorporated in 2009 and is headquartered in Atlanta, Georgia.
PAC has a diversified portfolio of properties, including conventional and student housing, senior living communities, and office buildings. As of December 31, 2020, the company's portfolio consisted of 123 properties (including 8 development properties), spanning 15 states across the U.S. The company's properties are primarily located in the Sunbelt region, where population and job growth are strong.
PAC's strategy is to acquire high-quality properties in attractive markets and leverage its expertise in property management and leasing to generate strong returns for shareholders. The company focuses on value-add acquisitions, where it can add value through renovations, rebranding, and repositioning of properties.
In addition to its property portfolio, PAC also manages a series of private equity funds that invest in preferred equity, mezzanine debt, and bridge loans secured by commercial real estate. These funds provide investors with attractive risk-adjusted returns and diversification in the commercial real estate sector.
PAC is led by a seasoned management team with decades of experience in real estate and finance. The company is committed to corporate social responsibility and is dedicated to reducing its environmental footprint through sustainable building practices.
Overall, PAC is a well-diversified and managed REIT with a focus on generating strong returns for shareholders through its portfolio of multi-family properties and private equity fund investments.
Company Address: 3284 Northside Parkway NW, Suite 150 Atlanta 30327 GA
Company Phone Number: 818-4100 Stock Exchange / Ticker: NYSE APTS
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