Preferred Apartment Communities, Inc. provided cash rental collections activity for November and December 2020. These collection updates are included in a presentation here: January 2021 Business Update.
“We are very pleased to announce strong cash rent collection updates for November and December. When combined with the totality of the overall collection results throughout 2020, we believe these results demonstrate that our well-positioned Sunbelt portfolio continues to perform and highlights the consistency we continue to see across our multifamily, grocery anchored retail and office business lines. The operational successes that our team and our assets have delivered during the pandemic has allowed us to initiate and execute on key investment and capital activities. We look forward to continuing to emphasize these strategic and operational objectives in 2021,” said Joel Murphy, President and Chief Executive Officer.
About Preferred Apartment Communities, Inc.
Preferred Apartment Communities, Inc. is a real estate investment trust engaged primarily in the ownership and operation of Class A multifamily properties, with select investments in grocery anchored shopping centers and Class A office buildings. 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. As of September 30, 2020, we owned or were invested in 125 properties in 15 states, predominantly in the Southeast region of the United States. Learn more at www.pacapts.com.