The proposed acquisition is the latest sign of Blackstones ambitions in real estate. 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CBRE marketed the portfolio and . Blackstone Real Estate Income Trust, Inc. (BREIT) is a perpetual-life, institutional quality real estate investment platform that brings private real estate to income focused investors. Security. Fair use of PACs trademarks requires proper acknowledgment. Executive Vice President-Investor Relations BREIT invests primarily in stabilized, income-generating U.S. commercial real estate across key property types and to a lesser extent in real estate debt investments. Transfer of Your Information. You further acknowledge that information and material published, posted, distributed, disseminated, or uploaded by other users are not endorsed by Preferred Apartment Communities, Inc. (PAC), that such communications shall not be considered reviewed, screened, or approved by PAC, and that some people may find such communications to be offensive or inappropriate. You may not delete or modify any author attributions, legal notices or proprietary designations or labels in any information that is published, posted, advertised, distributed, disseminated, or uploaded. We reserve the right to use this information for purposes of identifying broad demographic trends and may be used to provide information appropriate for your computer system. We will not use your IP address to attempt to identify your personal information. Leonard Silverstein presides over $5 billion in assets as co-founder, vice chairman of the board and president of Preferred Apartment Communities (NYSE: APTS), headquartered in Atlanta. Except as otherwise required by applicable law, each of the Company and BREIT disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this release. PAC is focused on the best way to create value for our business, people, and planet. You may not publish, post, advertise, distribute, disseminate, or upload any defamatory, infringing, obscene, indecent or unlawful material or information. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will also be included in the Proxy Statement and other relevant materials to be filed with the SEC when they become available. | We also use the Non-Personally Identifiable Information collected automatically by our servers primarily to help us administer and improve our Website. Preferred Apartment Communities, Inc. (NYSE: APTS) is a real estate investment trust engaged primarily in the ownership and operation of Class A multifamily properties, with select. Its rent collections have been at pre-pandemic levels, it continues to acquire and invest in multifamily communities, and it has virtually sold off all of its office . Preferred Apartment Communities, Inc. (NYSE: APTS) is a real estate investment trust engaged primarily in the ownership and operation of Class A multifamily properties, with additional investments in grocery anchored retail, and Class A office buildings properties. You agree that no joint venture, partnership, employment, or agency relationship exists between you and PAC as a result of this agreement or your use of this Website. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Preferred Apartment Communities, Inc. to be Acquired by - Blackstone For office-specific contact information, please visitour offices page. The private equity firm Blackstone, the largest owner of commercial real estate in the world, is expanding its portfolio of rental housing and commercial real estate in the United States. Preferred Apartment Communities 77 4.1 Write a review Snapshot Why Join Us 39 Jobs 31 Reviews 180 Salaries 12 Q&A Interviews Photos Want to work here? You can identify these forward-looking statements by the use of words such as expects, plans, estimates, anticipates, projects, intends, believes, outlook and similar expressions that do not relate to historical matters. PAC does not generally receive encrypted e-mail so you should be cautious about the e-mail and other information you send us through the Internet. Preferred Apartment Communities, Inc. Continues Simplification - Nasdaq Preferred Apartment Communities - Crunchbase Contacts, Preferred Apartment Communities, Inc.John A. Isakson, Chief Financial Officer770-818-4109[emailprotected], Paul Cullen, Executive Vice President-Investor Relations(770) 818-4144[emailprotected], Longacre Square PartnersDan Zacchei / Joe Germani[emailprotected] / [emailprotected], Jeffrey Kauth(212) 583-5395[emailprotected]. For office-specific contact information, please visit our our offices page. BREIT is externally managed by a subsidiary of Blackstone (NYSE: BX), a global leader in real estate investing. The final prospectus for the Series A1/M1 Offering, dated October 22, 2019, can be accessed through the following link: https://www.sec.gov/Archives/edgar/data/1481832/000148183219000097/a424b5-2019seriesamshares.htm, Preferred Apartment Communities, Inc. Preferred Apartment Communities Series A 6% redeemable stock has redemption value of $1,000. For information on our privacy practices see our Privacy Policy. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. 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PACs inclusion of links to outside Websites does not imply any endorsement of the material on the Websites or any sponsorship, affiliation, or association with their owners, operators, or sponsors, nor does PACs inclusion of the links imply that PAC is authorized to use any trade name, trademark, logo, legal or official seal, or copyrighted symbol that may be reflected in the links. You are responsible for compliance with applicable laws. Preferred also owns several retail and office properties. In addition, except as otherwise provided in our Privacy Policy, by publishing, posting, advertising distributing, disseminating, or uploading any information or material to this Website, you agree that PAC may in its discretion freely use, republish, make derivative works from, or sell that information and material and anything derived therefrom for its exclusive benefit or for the benefit or others. also served as financial advisors to PAC. It makes real estate loan investments in multifamily communities and other multifamily-related assets, such as off-campus student housing communities, and also invests a lesser portion of its assets in other income-producing property types, such For office-specific contact information, please visit our our offices page. In some cases, the information may be audited. There can be no assurance that this process will result in a superior proposal, and PAC does not intend to disclose developments with respect to the go-shop process unless and until it determines such disclosure is appropriate or is otherwise required. Blackstone to Acquire Preferred Apartment Communities in $5.8 Billion Preferred Apartment Communities, Inc. (NYSE: APTS) 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. Your IP address is a number that is used by computers on the network to identify your computer. Further information is available at www.breit.com.Forward-Looking Statements. However, if you choose to withhold requested information, you may not be able to visit or view all sections of our Website. Jeff Sherman, President of Multifamily, said, The Ellison is another best in class investment that squarely fits within our strategy to acquire newly constructed suburban Sunbelt properties. For press inquiries, contact[emailprotected]. By submitting this request, you consent to receive email from Blackstone. High-Yielding Preferred Apartment Communities Inc. Up 144% YOY Preferred Apartment Communities selling office properties to Highwoods Each preferred share received a fixed dividend of $5.00 per share. Learn about available opportunities with Preferred Apartment Communities. We reserve the right to use this information to identify broad demographic trends that may be used to provide information tailored to your interests. You can email the site owner to let them know you were blocked. Some of your information may be shared on an aggregate basis only, as part of a larger set of statistics (for example, statistics that indicate the percentage of our members that are female), but that information will not be sufficient to permit the recipient to identify you. About Blackstone Real Estate Income Trust, Inc. Blackstone Real Estate Income Trust, Inc. (BREIT) is a perpetual-life, institutional quality real estate investment platform that brings private real estate to income focused investors. ATLANTA & NEW YORK, February 16, 2022 Preferred Apartment Communities (NYSE: APTS) (PAC or the Company) today announced that it has entered into a definitive agreement with Blackstone Real Estate Income Trust, Inc. (BREIT), under which BREIT will acquire all outstanding shares of common stock of PAC for $25.00 per share in an all-cash transaction valued at approximately $5.8 billion. Subject to the rules of the American Arbitration Association, the decisions of the arbitrators will be binding and conclusive upon all parties involved, and judgment upon any decision of an arbitrator may be entered in the highest court of any forum, federal or state, having jurisdiction. Except as explicitly stated otherwise or in a separate written agreement between you and us, any notices shall be given by postal mail to us at 3625 Cumberland Boulevard, Suite 400, Atlanta, Georgia 30339, Attention: General Counsel, and to you at the email address you provide to us. The One Rangers Way apartments . Learn more atwww.pacapts.com. Tehrn $ 12,000 per month luxury Apartments in tehran Flat for rent, 5 bedrooms, 340m2 2 years ago. PAC may also modify these Terms and Conditions of Use without notice. Consumer prices increased 7.5 percent in the year through January, the latest government report showed, with the cost of rent expected to rise this year, further fueling inflation. Jones Lang LaSalle Limited, BofA Securities, Lazard Frres & Co. LLC and Wells Fargo Securities LLC served as BREITs financial advisors, and Simpson Thacher & Bartlett LLP acted as BREITs legal counsel. Before you invest, you should read the final prospectus, and any prospectus supplements forming a part of the registration statement and other documents the Company has filed with the SEC for more complete information about the Company and the offering. Our contact information is as follows:info@pacapts.com. You disclose such information at your own risk. Preferred Apartment Communities Inc. - AnnualReports.com You agree that this agreement and your use of this Website are governed by the laws of the State of Georgia, U.S.A. You hereby consent to the exclusive jurisdiction and venue of the courts, tribunals, agencies, and other dispute resolution organizations in Atlanta, Georgia, USA in all disputes (a) arising out of, relating to, or concerning this Website and/or this agreement, (b) in which this Website and/or this agreement is an issue or a material fact, or (c) in which this Website and/or this agreement is referenced in a paper filed in a court, tribunal, agency, or other dispute resolution organization. Preferred Apartment owns 44 multifamily communities totaling nearly 12,000 units concentrated in Sun Belt cities like Atlanta, Orlando, Tampa, Jacksonville, Charlotte and Nashville, as well. Otherwise, we will assume you're OK to continue. Top websites for renting and buying in Tehran Additionally, a childs parent or legal guardian may request that the childs information be corrected or deleted from our files by contacting our Privacy Coordinator at the telephone number or address set out below. The estimated base pay is $54,588 per year. Our employees are required by us to maintain and uphold your privacy and security and are aware of our privacy and security policies. You will not be personally identified from this information. We reserve, however, the right to modify or remove from this website, all or any portion of Users Information or other material that we, in our sole discretion, consider infringing, offensive, abusive, defamatory, obscene, or otherwise unacceptable or unlawful. These forward-looking statements are based on certain assumptions and expectations made by the Company and/or BREIT, which reflect their respective managements experience, estimates and perception of historical trends, current conditions and anticipated future developments.
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