New Construction and Development

Preferred Apartment Communities, Inc. (NYSE: APTS) announced that on April 20, 2016 it closed on a loan investment of up to approximately $9.4 million.  This investment is in connection with Haven Campus Communities, LLC's plans to develop a 556-bed, 140-unit student housing community located near Texas Tech University in Lubbock, Texas.  This is the second phase to an existing student housing project that is completing its first lease-up.  The second phase will be managed by Preferred Campus Management, LLC, the same company managing the current lease-up in the first phase.  Additionally, with this investment, Preferred Apartment Communities received an option to purchase the student housing community following stabilization at a discounted price to market.  "We are excited to continue the growth of investments in student housing assets near world-class universities," said Paul Cullen, Chief Marketing Officer of Preferred Apartment Communities.

Community to Add 484 Apartment Homes to Baltimore/Washington D.C. Corridor

Wendover Housing Partners, a privately held real estate development, investment and management company, today announces the opening of its first affordable senior community in Tampa, Haley Park Apartments. The new property is a member of the prestigious collection of properties in Florida built and managed by Wendover Housing Partners. With first-class design standards in mind, Haley Park provides income restricted residents age 55 and up with a safe and upscale community to call home.

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