Preferred Apartment Communities, Inc. Increases Quarterly Common Stock Dividend and Announces Monthly Preferred Stock Dividend

ATLANTA, Nov. 1, 2012 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE MKT: APTS), or the Company, today announced that its Board of Directors has declared a quarterly dividend on its common stock of $0.145 per share for the fourth quarter 2012, an increase of $.005 per share or approximately 3.6% from the prior quarterly dividend rate of $0.14 per share paid to common stockholders for the third quarter of 2012.  The dividend is payable on January 15, 2013 to all common stockholders of record as of December 31, 2012. 

The Company also announced today that its Board of Directors declared the following monthly dividends for November 2012 on its Series A Redeemable Preferred Stock, payable December 20, 2012 to applicable preferred stockholders of record as of November 30, 2012:


Dividend Per Share

74039L 202


74039L 301


74039L 400


74039L 707


74039L 806


74039L 889


74039L 871


74039L 863


74039L 855


74039L 848


74039L 822


74039L 830


(1)  This dividend represents $5.00 per share for the full monthly period in November 2012.
(2)  This dividend represents $5.00 per share for the full monthly period in November 2012 and $2.50 per share for the period beginning on the original issue date of the shares on October 17, 2012 and ending on October 31, 2012.
(3)  This dividend represents $5.00 per share for the full monthly period in November 2012 and $0.17 per share for the day of initial issuance of the shares on October 31, 2012.

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.

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