{"id":45688,"date":"2020-07-15T10:19:00","date_gmt":"2020-07-15T10:19:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2654159"},"modified":"2020-07-15T10:19:00","modified_gmt":"2020-07-15T10:19:00","slug":"preferred-apartment-communities-inc-provides-press-release-correction","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/07\/15\/preferred-apartment-communities-inc-provides-press-release-correction\/","title":{"rendered":"Preferred Apartment Communities, Inc. Provides Press Release Correction"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"119\" height=\"40\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/06\/4000-logo.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" \/><\/p>\n<div class=\"row\">\n<div class=\"col-sm-10 col-sm-offset-1\">\n<p>Preferred Apartment Communities, Inc.&nbsp;provided a correction to the following rental collections<sup>1<\/sup>&nbsp;activity, as of&nbsp;<span class=\"xn-chron\">July 10, 2020<\/span>&nbsp;for the months of April, May &amp; June that were incorrectly disclosed in the Company&#8217;s Press Release on&nbsp;<span class=\"xn-chron\">July 14, 2020<\/span>, but which are correct in the&nbsp;<span class=\"xn-chron\">July 2020<\/span>&nbsp;Business Update&nbsp;on our website as originally released.&nbsp; Multihousing collection information is unchanged from the&nbsp;<span class=\"xn-chron\">July 14, 2020<\/span>&nbsp;Press Release.&nbsp; Below is a table that shows the incorrect number from our&nbsp;<span class=\"xn-chron\">July 14, 2020<\/span>&nbsp;Press Release and the corrected collections number for the same period:<\/p>\n<\/div>\n<div class=\"col-sm-10 col-sm-offset-1\">\n<div class=\"gallery inline-carousel\">\n<div class=\"gallery-carousel-main\">\n<div class=\"gallery-cell\">\n<figure>\n<div class=\"image lightbox-item \" data-src=\"https:\/\/mma.prnewswire.com\/media\/387211\/pac20logo.jpg?p=publish\" data-asset-type=\"photo\" data-tweet-text=\"Preferred Apartment Communities\" data-asset-label=\"General\" data-twitter-share-url=\"https:\/\/mma.prnewswire.com\/media\/387211\/pac20logo.jpg?p=twitter\" data-facebook-share-text=\"Preferred Apartment Communities\" data-facebook-share-url=\"https:\/\/mma.prnewswire.com\/media\/387211\/pac20logo.jpg?p=facebook\" data-linkedin-text=\"Preferred Apartment Communities\" data-linkedin-share-url=\"https:\/\/mma.prnewswire.com\/media\/387211\/pac20logo.jpg?p=linkedin\" data-social-source=\"PR Newswire\" data-download-url=\"https:\/\/mma.prnewswire.com\/media\/387211\/pac20logo.jpg?p=publish\" data-sub-html=\"Preferred Apartment Communities\"><img decoding=\"async\" class=\"img-responsive carousel-item\" src=\"https:\/\/mma.prnewswire.com\/media\/387211\/pac20logo.jpg?p=publish&amp;w=950\" alt=\"\" \/><\/div><figcaption>Preferred Apartment Communities<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-sm-10 col-sm-offset-1\">\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table class=\"prntblns\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnews_p dnr\"><span class=\"prnews_span\"><strong>GROCERY-ANCHORED RETAIL<\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"2\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p dnr\"><span class=\"prnews_span\"><strong>July 14, 2020 Press Release<\/strong><\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p dnr\"><span class=\"prnews_span\"><strong>Corrected Collections<\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p dnr\"><span class=\"prnews_span\"><strong>April<\/strong>: 91% Collected<\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p dnr\"><span class=\"prnews_span\"><strong>April<\/strong>: 92% Collected<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p dnr\"><span class=\"prnews_span\"><strong>May<\/strong>: &nbsp; 86% Collected<\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p dnr\"><span class=\"prnews_span\"><strong>May<\/strong>: &nbsp; 87% Collected<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p dnr\"><span class=\"prnews_span\"><strong>June:&nbsp;&nbsp;&nbsp;<\/strong>80% Collected<sup>2<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p dnr\"><span class=\"prnews_span\"><strong>June:&nbsp;&nbsp;&nbsp;<\/strong>82% Collected<sup>2<\/sup><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnews_p dnr\"><span class=\"prnews_span\"><strong>OFFICE<\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"2\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p dnr\"><span class=\"prnews_span\"><strong>July 14, 2020 Press Release<\/strong><\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p dnr\"><span class=\"prnews_span\"><strong>Corrected Collections<\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p dnr\"><span class=\"prnews_span\"><strong>June<\/strong>: &nbsp; 94% Collected<sup>2<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p dnr\"><span class=\"prnews_span\"><strong>June:&nbsp;&nbsp;&nbsp;<\/strong>97% Collected<sup>2<\/sup><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"2\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnews_p dnr\"><span class=\"prnews_span\"><sup>1<\/sup>&nbsp;Does not include negotiated deferred rent.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnews_p dnr\"><span class=\"prnews_span\"><sup>2<\/sup>&nbsp;Including GSA leases paid in arrears.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"col-sm-10 col-sm-offset-1\">\n<p><strong>About Preferred Apartment Communities, Inc.<\/strong><\/p>\n<p>Preferred Apartment Communities, Inc.&nbsp;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&#8217; 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&nbsp;<span class=\"xn-chron\">March 31, 2020<\/span>, we owned or were invested in 123 properties in 15 states, predominantly in the Southeast region of&nbsp;<span class=\"xn-location\">the United States<\/span>. Learn more at&nbsp;www.pacapts.com.<\/p>\n<\/div>\n<\/div>\n<p class=\"tags\">\n<div><strong>See Campaign: <\/strong><a href=\"http:\/\/www.pacapts.com.\" target=\"_blank\">http:\/\/www.pacapts.com.<\/a><br \/><b>Contact Information:<\/b><br \/>www.pacapts.com.<\/p>\n<p><b>Tags:<\/b><br \/><a href=\"\"><\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/wire\/\" rel=\"category tag\">Wire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/wire-real-estate\/\" rel=\"category tag\">Wire Real Estate<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/global-regions\/united-states\/\" rel=\"category tag\">United States<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/language\/english\/\" rel=\"category tag\">English<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"\" alt=\"image\" width=\"400\" height=\"300\" class=\"cwdfimg\" \/><\/div>\n<div>\n<h3>Contact Information:<\/h3>\n<p>www.pacapts.com.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"119\" height=\"40\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/06\/4000-logo.jpg\" alt=\"\">Preferred Apartment Communities, Inc.&nbsp;provided a correction to the following rental collections1&nbsp;activity, as of&nbsp;July 10, 2020&nbsp;for the months of April, May &amp; June that were incorrectly disclosed in the Company&rsquo;s Press Release on&nbsp;July 14, 2020, but which are correct in the&nbsp;July 2020&nbsp;Business Update&nbsp;on our website as originally released.&nbsp; Multihousing collection information is unchanged from the&nbsp;July 14, &hellip; <a href=\"https:\/\/icrowdnewswire.com\/2020\/07\/15\/preferred-apartment-communities-inc-provides-press-release-correction\/\">Continue reading <span>Preferred Apartment Communities, Inc. Provides Press Release Correction<\/span><\/a> <a href=\"https:\/\/ipsnews.net\/business\/2020\/07\/15\/preferred-apartment-communities-inc-provides-press-release-correction\/\" class=\"more-link\">Continue Reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":46,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,22,54,18],"tags":[],"class_list":["post-45688","post","type-post","status-publish","format-standard","hentry","category-english","category-united-states","category-wire","category-wire-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Preferred Apartment Communities, Inc. 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