APTS - Preferred Apartment Communities, Inc.

NYSE - NYSE Delayed Price. Currency in USD

Preferred Apartment Communities, Inc.

3284 Northside Parkway NW
Suite 150
Atlanta, GA 30327
United States
770-818-4100
http://pacapts.com

SectorReal Estate
IndustryREIT - Residential
Full Time Employees

Key Executives

NameTitlePayExercisedYear Born
Mr. Daniel M. DuPreeChairman & CEO1MN/A1947
Mr. Leonard A. SilversteinCo-Founder, Vice Chairman, Pres & COO1MN/A1959
Mr. John A. IsaksonCFO & Exec. VP1.06MN/A1971
Mr. Michael Joseph CroninExec. VP, Chief Accounting Officer & Treasurer525kN/A1955
Mr. Jeffrey R. SprainExec. VP, Gen. Counsel & Corp. Sec.375kN/A1972
Amounts are as of December 31, 2018 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Preferred Apartment Communities, Inc. is a Maryland corporation formed primarily to own and operate multifamily properties and, to a lesser extent, own and operate student housing properties, grocery-anchored shopping centers and strategically located, well leased class A office buildings, all 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. 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, 2019, the Company was the approximate 97.9% 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.

Corporate Governance

Preferred Apartment Communities, Inc.’s ISS Governance QualityScore as of April 1, 2019 is 9. The pillar scores are Audit: 1; Board: 9; Shareholder Rights: 10; Compensation: 8.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.