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Key Stock Data
The current last sale of $15.69 is 15.37% Higher than the 52 week low.
|Intraday||Last 52 Weeks|
|High:||$ 15.82||$ 22.71|
|Low:||$ 15.44||$ 13.60|
Company Description (as filed with the SEC)
Preferred Apartment Communities, Inc. was formed as a Maryland corporation on September 18, 2009 and has elected to be taxed as a real estate investment trust, or REIT, under the Internal Revenue Code of 1986, as amended, or the Code, effective with its tax year ended December 31, 2011. The Company was formed primarily to acquire and operate multifamily properties in select targeted markets throughout the United States. As part of our business strategy, we may enter into forward purchase contracts or purchase options for to-be-built multifamily communities, and we may make real estate related loans, provide deposit arrangements or provide performance assurances, as may be necessary or appropriate, in connection with the construction of multifamily communities and other properties. ... More ...