Preferred Apartment Communities, Inc. Provides Press Release Correction

Preferred Apartment Communities, Inc. provided a correction to the following rental collections¹ activity, as of July 10, 2020 for the months of April, May & June that were incorrectly disclosed in the Company’s Press Release on July 14, 2020, but which are correct in the July 2020 Business Update on our website as originally released.  Multihousing collection information is unchanged from the July 14, 2020 Press Release.  Below is a table that shows the incorrect number from our July 14, 2020 Press Release and the corrected collections number for the same period:

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, Class A office buildings, and student housing properties. 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 March 31, 2020, we owned or were invested in 123 properties in 15 states, predominantly in the Southeast region of the United States. Learn more at www.pacapts.com.