Preferred Apartment Communities, Inc. is a real estate investment company that focuses on acquiring and managing multifamily properties in targeted markets across the US. Its operations are divided into three segments: multifamily communities, retail, and real estate related financing. The company owns approximately 10 residential multifamily communities and retail shopping centers. In addition, it finances the development, construction, and pre-stabilization costs of new properties through its portfolio of mezzanine and bridge loans, among other financial instruments. The firm aims to provide investors with stable and predictable cash flow through its well-diversified real estate portfolio.