ATLANTA, July 12, 2018 /PRNewswire/ -- Preferred
Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company")
announced today that the Company has elected John A. Isakson, who currently serves as
Executive Vice President and Chief Capital Officer, as Executive
Vice President and Chief Financial Officer.
Daniel M. DuPree, Chairman and
Chief Executive Officer of PAC said, "We are pleased to have in the
Company a financial executive with the leadership and skills John
brings to this role. His corporate and property level finance
experience; his extensive knowledge and understanding of PAC's
business; and his strong leadership on our secondary offerings
demonstrate that John is well-prepared to help lead the Company's
continued growth."
John Isakson has served as
Executive Vice President and Chief Capital Officer of the Company
since 2014. He also serves as Chief Executive Officer of Main
Street Apartment Homes, LLC, an indirect subsidiary of the Company,
since its commencement of operations in 2015. Prior to his
roles at the Company, he was Chief Executive Officer of Williams
Asset Management, an investment and asset management firm for a
multifamily private equity fund he co-founded with John Williams, from 2006 to 2013. He has a
broad depth of knowledge of both the private and institutional side
of the real estate industry in acquisitions, dispositions,
corporate and property level finance, investor relations and asset
management. Mr. Isakson serves on the Dean's Advisory Council
at Tulane University and is on the
board of directors of the Atlanta Opera. He has served on the
Arthritis Foundation's national board of directors, as well as the
board for the Georgia chapter in
various positions. Mr. Isakson earned a bachelor's degree in
Economics at Tulane University, and his
master's degree in Economics at the University
of Georgia.
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
real estate related loans, provide deposit arrangements, or provide
performance assurances, as may be necessary or appropriate, in
connection with the development of multifamily communities and
other properties. As a secondary strategy, we may acquire or
originate senior mortgage loans, subordinate loans or real estate
loans secured by interests in multifamily properties, membership or
partnership interests in multifamily properties and other
multifamily related assets and invest a lesser portion of our
assets in other real estate related investments, including other
income-producing property types, senior mortgage loans, subordinate
loans or real estate loans secured by interests in other
income-producing property types, membership or partnership
interests in other income-producing property types as determined by
our manager as appropriate for us. At March 31, 2018, the Company was the approximate
97.3% owner of Preferred Apartment Communities Operating
Partnership, L.P., the Company's operating partnership.
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. Learn more at
www.pacapts.com.
Additional Information
The SEC has declared effective the registration statement
(including prospectus) filed by the Company for each of the
offerings to which this communication may relate. Before you
invest, you should read the final prospectus, and any prospectus
supplements, forming a part of the registration statement and other
documents the Company has filed with the SEC for more complete
information about the Company and the offering to which this
communication may relate. In particular, you should carefully
read the risk factors described in the final prospectus and in any
related prospectus supplement and in the documents incorporated by
reference in the final prospectus and any related prospectus
supplement to which this communication may relate. You may obtain
these documents for free by visiting EDGAR on the SEC website at
www.sec.gov. Alternatively, the Company or its dealer
manager, Preferred Capital Securities, LLC, with respect to PAC's
mShares Redeemable Preferred Stock Offering and Series A Redeemable
Preferred Stock and Warrant Unit Offering, and JonesTrading
Institutional Services LLC, with respect to PAC's ATM Common Stock
Offering, will arrange to send you a prospectus if you request it
by calling Leonard A. Silverstein at
(770) 818-4100, 3284 Northside Parkway NW, Suite 150, Atlanta, Georgia 30327.
The ATM Common Stock Offering prospectus, dated July 18, 2016, including a base prospectus, dated
May 17, 2016, can be accessed through
the following link:
https://www.sec.gov/Archives/edgar/data/1481832/000148183216000152/atmprospectus.htm
The mShares Redeemable Preferred Stock Offering prospectus,
dated January 19, 2017, can be
accessed through the following link:
https://www.sec.gov/Archives/edgar/data/1481832/000148183217000008/a424prospectus-mshares1.htm
The Series A Redeemable Preferred Stock and Warrant Unit
Offering prospectus, dated March 16,
2017, can be accessed through the following link:
https://www.sec.gov/Archives/edgar/data/1481832/000148183217000061/a424prospectus-15bseriesar.htm
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SOURCE Preferred Apartment Communities, Inc.