Preferred Apartment Communities Stock News

Real Estate Investors Are Buying A Record Share Of US Homes, Sending Prices Soaring Earlier this week, we reported that Blackrock, America''s largest commercial and residential landlord, just got even bigger with the purchase of 12,000 apartments in the sunbelt (among other assets) when it acquired Preferred Apartment Communities for $5.8 billion. But Blackrock has not been alone in quietly swooping up US residential real estate. According to the latest data from real-estate consultancy Redfin , real estate investors - i.e., those who purchase real estate not with the intention of living in it but in expectations of reselling and/or renting it out - bought a record 18.4% of the homes that were sold in the U.S. during the fourth quarter of 2021, up from 12.6% a year earlier and a revised rate of 17.4% in the third quarter. Investors bought 80,293 homes in the fourth quarter, up 43.9% from a year earlier (although investor market share hit a record in the fourth quarter, the number of homes bought by investors declined by 8000, or 9.1%, from the third-quarter peak; but its up significantly from pre-pandemic levels).

In the latest trading session, Preferred Apartment Communities (APTS) closed at $25.70, marking a -0.39% move from the previous day.

NEW YORK, Feb. 17, 2022 (GLOBE NEWSWIRE) -- Moore Kuehn, PLLC, a law firm focusing in securities litigation located on Wall Street in downtown New York City, is investigating potential claims concerning whether the following proposed mergers are fair to shareholders. Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies: MoneyGram International, Inc. (NASDAQ: MGI ) MoneyGram has agreed to merge with Madison Dearborn Partners. Under the proposed transaction, MoneyGram shareholders will receive $11.00 in cash per share. The investigation concerns whether MoneyGram''s board of directors oversaw an unfair process and ultimately agreed to an inadequate price. Preferred Apartment Communities, Inc. (NYSE: APTS ) Preferred Apartment Communities has agreed to merge with Blackstone Real … Full story available on Benzinga.com

The private-equity giant is buying another Sun Belt-focused apartment REIT.

NEW YORK, Feb. 16, 2022 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Preferred Apartment Communities Inc. ("Preferred Apartment Communities" or the "Company") (NYSE: APTS), in connection with the…

America''s Largest Landlord Just Got Even Bigger: Blackstone Buys 12,000 Sunbelt Apartments For $5.8 Billion Wall Street won''t rest until it become the biggest - and perhaps only - landlord in the US. On Wednesday, Blackstone cemented its position as America''s largest residential and commercial landlord by buying apartment owner Preferred Apartment Communities in a deal valued at $5.8 billion, demonstrating the unstoppable investor demand for multifamily - i.e., rental - properties in Sunbelt states. According to the WSJ , Blackstone will pay for $25 a share in cash for the Atlanta-based real estate investment trust, according to a statement Wednesday. That represents a premium of roughly 39% over the closing price on Feb. 9, the day before Bloomberg News reported the REIT was exploring options including a sale. The company is being acquired by Blackstone’s nontraded REIT, Blackstone Real Estate Income Trust Inc. The deal also includes two office properties, according to the statement.

NEW YORK, Feb. 16, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC”) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by Blackstone Real Estate Income Trust, Inc (“BREIT”).

Investors bought a record share of single-family homes in 2021 and The Washington Post analyzed where activity has picked up the most. Blackstone is buying Preferred Apartment Communities in a $5.8 billion deal. These are among today’s must reads from around the commercial real estate industry.

The private equity firm said it would acquire Preferred Apartment Communities, a real estate investment trust, for $6 billion as it seeks a hedge against inflation.

The private equity firm said it would acquire Preferred Apartment Communities, a real estate investment trust, for $6 billion as it seeks a hedge against inflation.

Simpson Thacher & Bartlett is advising Blackstone Inc’s real estate investing arm on its roughly $5.8 billion acquisition of rental apartment owner Preferred Apartment Communities, which has turned to King & Spalding and Vinson & Elkins for guidance on the deal.

Blackstone Inc. (NYSE: BX) is acquiring Preferred Apartment Communities Inc. (NYSE: APTS) for $5.8 billion in an all-cash transaction. What Happened: The acquisition values Preferred Apartment at $25

Multifamily Transaction Also Includes Grocery Stores, Office Buildings and Debt Investments

NEW YORK , Feb. 16, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SPCE, APTS, CIDM, NOK, and AMC. … Full story available on Benzinga.com

Preferred Apartment Communities (APTS) trades 7.6% higher premarket after it entered into a definitive agreement with Blackstone''s (BX) Real Estate Income Trust wherein the latter…