Preferred Apartment Communities REIT Explores Options, Including Sale
- Landlord is in the early stages of evaluating options
- Atlanta-based REIT fields inbound interest, no deal guaranteed
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Preferred Apartment Communities Inc., a real estate investment trust that owns retail and multifamily properties, is exploring options including a full or partial sale after receiving inbound interest, according to people with knowledge of the matter.
The Atlanta-based landlord, led by Chief Executive Officer Joel Murphy, is in the early stages of evaluating its options, one of the people said. It’s possible no transaction will result.