Preferred Apartment Communities Inc.

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Raleigh-Area Property Trades for $43M

The new owner, a joint venture between DRA Advisors and Fogelman Properties, plans to implement both in-unit and amenities upgrades.

Raleigh Durham

PAC Sells $43M Suburban Raleigh Asset

Built in 1997, the 328-unit Lake Cameron was the oldest property in the company's portfolio, having most recently traded in 2006 for just above half the current price.

Raleigh Durham

PAC Invests in Northeastern Atlanta Asset

Completed in 2016, the 14-building, 310-unit community in Tucker is close to Northlake Mall. The transaction involved a $39.7 million loan.

Atlanta

PAC Buys Apartment Community in Jacksonville

The newly-acquired community is adjacent to another one owned by PAC, bringing the company's current area footprint to more than 500 units, while also creating operational efficiencies.
Jacksonville 12 January 2018 18:37
PAC Buys 840-Bed Student Housing

The 42-building community in Waco, Texas, serves students attending Baylor University. Preferred Campus Management manages the asset.
South 21 December 2017 13:26
PAC Expands Tampa Luxury Portfolio

The purchase of Overlook at Crosstown Walk was subject to a $22.2 million Fannie Mae loan. The property represents the second and final phase of Crosstown Walk, which the company acquired last year.
Tampa 24 November 2017 14:41
PAC Invests in 792-Bed Atlanta Asset

Stadium Village had an average rental rate of $2,776 per unit as of September. Preferred Campus Management will manage the business and operations for the joint venture.
Atlanta 02 November 2017 10:33
PAC Lands 260-Unit KC-Area Community

Adara Overland Park is a recently built Class A multifamily asset in Overland Park, Kan. Preferred Apartment Communities (PAC) financed the acquisition using a Freddie Mac loan.
Kansas City 04 October 2017 18:52
Maryland Investor Acquires Atlanta Apartments

Preferred Apartment Communities has secured Aldridge at Town Village, a 300-unit community in Marietta, Ga., that was built in 2016.
Atlanta 04 October 2017 16:16
PAC to Invest $18M in NC Multifamily Asset

The aggregate loan will be used by Oxford Properties to develop a 338-unit community in Charlotte. The investment comes with an option for PAC to acquire the asset following stabilization for a convenient sum.
Charlotte 22 August 2017 15:56

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Napali Acquires 3rd Atlanta Asset

The company plans to invest in structural improvements, in-unit upgrades and property rebranding. Strategic Management Partners will handle operations at the community.
02 February 2018 17:28
Phoenix Community Sells for $15M

Weidner Apartment Homes sold the Murano Apartment Homes, located in the Arcadia neighborhood of Phoenix. Berkadia represented the firm in the transaction.
14 March 2018 16:07
JPI Closes Sale of 362-Unit Austin Property

The class A Sur 512 includes amenities such as picnic and grilling areas, Bluetooth-enabled locks and 616 parking spaces.
28 December 2017 17:07
Pinnacle Taps New VP to Run Northern CA Region

Mark DeGraff will provide support to four regional property managers with a combined portfolio of more than 5,000 apartments located throughout Sacramento, the San Francisco peninsula and the East and South Bay.
19 December 2017 18:50
Holiday Package Management Tips for Small-Balance Owners

Finding ways to adequately handle the surge in package deliveries is at the forefront of many owners' and managers' minds, and smaller firms typically don't have the resources to accept packages at their leasing office, install locker systems or set aside a mail and package room. So here's what you can do.
29 November 2017 18:41