Preferred Apartment Communities Inc - Class A (APTS) Exchange: NYSE

Preferred Apartment Communities Inc - Class A (APTS) is a Maryland corporation formed in 2011 to acquire and manage multifamily properties, including apartments, town homes, condominiums, and mixed-use properties. Initially a joint venture between Madison Apartment Group and Preferred Apartment Advisors, the company became a publicly traded REIT in 2014 when it went public on the New York Stock Exchange under the ticker APTS. The company focuses on the acquisition, ownership, and management of multifamily properties in select markets, including the Southeast and Southwest of the United States. Its portfolio, which consists primarily of institutional quality, tax credit, and conventional apartment communities, includes some 4,000 units owned and managed. Preferred Apartment has been growing steadily since its public offering. Its total assets have grown from approximately $61 million in 2014 to $1.2 billion in 2019. Its total operating revenues, including property fees, have grown steadily since its offering, rising more than 80% from 2015 to 2019.