Preferred Apartment Communities, Inc. Announces First Quarter 2013 Common Stock and Series B Preferred Stock Dividends

  Preferred Apartment Communities, Inc. Announces First Quarter 2013 Common
                 Stock and Series B Preferred Stock Dividends

PR Newswire

ATLANTA, Feb. 7, 2013

ATLANTA, Feb. 7, 2013 /PRNewswire/ -- Preferred Apartment Communities, Inc.
(NYSE MKT: APTS) (the "Company") today announced that its Board of Directors
has declared a quarterly dividend on its common stock of $0.145 per share of
common stock payable April 22, 2013, to common stockholders of record on March
28, 2013. The Company also announced that its Board of Directors concurrently
declared a quarterly dividend on its Series B Mandatorily Convertible
Cumulative Perpetual Preferred Stock, or the Series B Preferred, of $0.145 per
share of common stock that is issuable upon the conversion of the shares of
Series B Preferred, pro-rata from the date of issuance of the Series B
Preferred on January 16, 2013, payable April 22, 2013 to Series B Preferred
stockholders of record on March 28, 2013.

(Logo: http://photos.prnewswire.com/prnh/20110420/HS87275LOGO )

About Preferred Apartment Communities, Inc.

Preferred Apartment Communities, Inc. is a Maryland corporation 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 mezzanine 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. As a secondary strategy, we also may acquire or
originate senior mortgage loans, subordinate loans or mezzanine debt secured
by interests in multifamily properties, membership or partnership interests in
multifamily properties and other multifamily related assets and invest not
more than 10% of our total assets in other real estate related investments, as
determined by our manager as appropriate for us. Preferred Apartment
Communities, Inc. has elected to be taxed as a real estate investment trust
under the Internal Revenue Code of 1986, as amended, commencing with its tax
year ended December 31, 2011.



SOURCE Preferred Apartment Communities, Inc.

Contact: Leonard A. Silverstein, +1-770-818-4147, President and Chief
Operating Officer, lsilverstein@pacapts.com
 
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