Preferred Apartment Communities, Inc. Announces Acquisition

By: Benzinga
Preferred Apartment Communities, Inc. (NYSE: APTS ) ("PAC" or the "Company") today announced its acquisition of a 96-unit townhome community located in Hampton, Virginia ("Trail II") adjacent to the Company's 204-unit Trail Creek community ("Trail I") for a purchase price of approximately $18.1 million. Trail II was completed
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