Preferred Apartment Communities Inc.

Steadfast REIT Snags Dallas-Area Community for $44M

The 300-unit Point at Vista Ridge, which is 94 percent occupied, will be conducting an apartment overhaul as part of the company's value enhancement strategy.

Dallas

PAC Sells 300-Unit Dallas Community

Steadfast Cos. paid about $44 million for Enclave at Vista Ridge, a Class A community located in a northwestern suburb of Dallas. The sale was subject to a $29.1 million Fannie Mae loan.

Dallas

PAC Lands 242-Unit Louisville Community

The company financed the acquisition by assuming a mortgage loan insured by the U.S. Department of Housing and Urban Development.

Midwest

PAC Buys Recently Built Virginia Community

The company purchased Founders Village, a 247-unit community in Williamsburg, Va., and financed the acquisition using a portion of the proceeds from a 1031 exchange sale.
Richmond 05 April 2017 14:09
Preferred Closed the Sale on 2 Communities Totaling $114M

The properties, located in Kansas City, Kan., and Atlanta, have an annualized return of 19.1 percent.
Atlanta 31 March 2017 13:49
PAC Buys Arizona Student Housing Community

The company has purchased a 225-unit, 640-bed campus asset located close to Arizona State University.
Phoenix 02 March 2017 14:55
Orlando Apartments Sell for $92M

Preferred Apartment Communities bought the community from Altamonte Springs-based Cambridge Management Services.
Orlando 09 June 2016 08:29
PAC Adds New-Build in the Big Peach

Preferred Apartment Communities has added a newly constructed 294-unit Class A multifamily community to its portfolio in Atlanta.
Atlanta 03 February 2016 19:26
Preferred Apartment Communities Picks New-Build Near Brandon

Preferred Apartment Communities announced the acquisition of a 342-unit multifamily community in Tampa.
Tampa 25 January 2016 08:59
Preferred Apartment Acquires 246-Unit Complex

Preferred Apartment Communities Inc. acquired Port Arthur's Stone Creek Apartments in Port Arthur.
Houston 16 November 2015 19:55

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