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Boasting a price of $15.45, Preferred Apartment Communities Inc. (NASDAQ:APTS) traded 0.17% higher on the day. With the last stock price close up 18.71% from the two hundred day average , compared with the S&P 500 Index which has increased 0.05% over the date range. Preferred Apartment Communities Inc. has recorded a 50-day average of $16.58 and a two hundred day average of $14.93. Volume of trade was down over the average, with 314,725 shares of APTS changing hands under the typical 316,052 BidaskClub has downgraded Preferred Apartment Communities Inc. (NASDAQ:APTS) to Buy in a statement released on 7/8/2017. Performance Chart Preferred Apartment Communities Inc. (NASDAQ:APTS)" width="530px" style="border: 0pxpx;" /> With a total market value of $0, Preferred Apartment Communities Inc. has with a one year low of $12.02 and a one year high of $18.11 . A total of 8 equity analysts have released a research note on APTS. Five equity analysts rating...

Fourteen ROSS Communities Earn ApartmentRatings 's Top Rated Award" src="https://mma.prnewswire.com/media/270916/ross_companies_Logo.jpg" width="" height="" style="border: 0px;" /> BETHESDA, Md. , June 29, 2017 /PRNewswire/ ROSS Management Services , a leader in multifamily property management in the Mid-Atlantic region, today announced that ApartmentRatings.com has named 14 ROSS communities as Top Rated in 2016 for outstanding resident satisfaction scores . In order to qualify for the awards, the communities had to receive a recommend score of 70 percent or higher and be in the top 5 percent of communities listed on ApartmentRatings.com. ROSS's top scoring community was Spring Parc Apartments , which achieved a recommend score of 96 percent. Next was Overlook Apartments , which earned a score of 92 percent. "At ROSS, delivering a best-in- class customer experience for our residents is our number one priority," sai...

July 13 (Reuters) - Preferred Apartment Communities Inc * Announces refinancing of two multifamily communities * Refinanced stone creek utilizing a non-recourse first mortgage hud loan originated by pgim real estate finance * Preferred apartment communities - pac refinanced Avalon Park utilizing non-recourse first mortgage loan from Freddie Mac originated by PGIM real estate finance * Stone Creek loan package is about $20.6 million, bears interest at fixed rate of 3.47 pct per annum, matures in July of 2052 * Avalon park loan package is about $67.4 million, bears interest at fixed rate of 3.98 pct/annum, matures in July of 2024 * Stone Creek transaction allows PAC to pull out almost $3.0 million in additional loan proceeds * Refinancing of loan at Avalon enables co to mitigate its interest rate risk , lock in stable, low fixed interest rate Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles .

Volvo’s surprise announcement that it will phase out the internal combustion engine by 2019 should be a wake-up call across industries that disruptive technology is already impacting short- term business planning . Anticipating how the economy and human behavior will be reshaped in the years ahead is an important exercise that should inform business leaders’ decisions and help position their businesses to more readily adapt to the future.        Commercial real estate is not disconnected from the challenges and opportunities posed by technology. Quite the opposite; it will be at the epicenter as outside forces impact how people live, commute, work and interact. As commercial real estate leaders , we should be mindful of how the developments we’re building now will be used in 10 or 15 years, when today’s emerging technology has become tomorrow’s ubiquitous convenience. Here are four technologies and trends that could shape commercial real estate in the not-too-distant future. Autonom...

Stacy Hunt of Greystar moderated the Houston Apartment Association ’s State of the Industry breakfast last week. Hunt is a former president of HAA and the Texas Apartment Association . HOUSTON – Houston’s multifamily industry will have a lackluster 2017 with upscale Class A properties as the weakest sector. That’s the word from the Houston Apartment Association ’s State of the Industry breakfast last week. The worst multifamily problem spots are Class A properties in Montrose, Downtown, the Galleria area and the Medical Center area , says Bruce McClenny of Apartment Data Services . Weak job growth , the energy downturn and heavy multifamily construction activity – some 58,000 apartment units were built over the last three years – created the weakness in Houston’s Class A market, McClenny says. “We still have too much supply,” McClenny says. Allied Orion Group will complete four multifamily communities this year, said COO Ian Douglas , but he’s encouraged by the fact that oil prices ...

Cities must do more to ensure that investments in energy efficiency reach the low- and moderate-income households that bear the heaviest burden from high energy costs via Shutterstock By Laurie Mazur As the saying goes, “The poor pay more.” This is certainly true when it comes to energy costs: Low-income households (both owners and renters) pay more for energy per square foot than their affluent counterparts. And as a percentage of income, low- and moderate- income families pay up to three times more than average on utility bills. Energy efficiency is part of the solution: It can reduce energy burdens by as much as 30 percent. But even the best- intentioned efficiency programs often fail to reach low- and moderate-income households. Those households may not be able to take advantage of incentives because they lack the upfront capital to invest in efficiency upgrades, for example. And they lose out on tax incentives because they don’t live in high- efficiency housing or can’t af...

ATLANTA, GA - StoneBridge Investments of Washington, DC has acquired Veridian at Sandy Springs, a 272- unit apartment community in the greater Atlanta submarket of Sandy Springs, for $32 million. The seller, a fund managed by Covenant Capital Group , LLC, was represented by Mike Kemether and Travis Presnell of Cushman & Wakefield. Elliott Throne, Gregg Shapiro, and Ware Shipman of HFF secured acquisition financing through a Freddie Mac loan .Built in 1980 and extensively renovated, Veridian is located at 1800 Windridge Drive within the Perimeter Center , a fast-growing “edge city” that encompasses three small cities: Brookhaven, Dunwoody, and Sandy Springs. It is Atlanta’s largest employment center , with more than 123,000 employees, 31 million square feet of office space, three major hospitals , and six million SF of retail space including the 1. 5 million SF Perimeter Center Mall .“Having acquired a neighboring apartment community , 550 Abernathy, earlier this year, we remai...

I just finished my all-new DAVOS portfolio that includes the following best-in-class REITs: Digital Realty (DLR), American Tower (AMT), Ventas, Inc. (VTR), Realty Income (O), and Simon Property Group (SPG). As a reminder, the DAVOS REITs were picked because of their high-quality attributes and most importantly for their dividend repeatability. While these REITs do not represent all of my favorite picks, they embody a diversified basket that serve as a proxy for robust dividend growth in the REIT sector. I’ll be honest, the last pick was the hardest. It was easy for me to select DLR, VTR, O, and SPG – because these four REITs have scale, experience, and muscle – all essential elements of durability. However, I was torn between the last pick, debating most of my Saturday as to whether I would go with American Tower or AvalonBay (AVB). I was really leaning to go with AvalonBay, but I decided at the last minute to include American Tower . It was a tough call, but after reading this ar...

DALLAS, TX - McCann Realty Partner and its joint venture partner , The Carlyle Group, acquired Marquis on Cedar Springs, a 165- unit apartment community located in Dallas, TX. The property will be re- branded Radius Turtle Creek .Built in 2001, the four-story, mid-rise property with a below-grade, two- level parking garage is located at 3604 Cedar Springs Road in Dallas, TX. The community is within the exclusive neighborhood of Turtle Creek, and is bound by Uptown and Downtown Dallas to the south and the high- end residential neighborhoods of Highland Park and University Park to the north. Residents are within walking and biking distance to a wide variety of shopping, dining, entertainment and recreational destinations including Katy Trail , West Village, Klyde Warren and Reverchon Parks, the Arts District, the American Airlines Center and Victory Park. The property presents a compelling value-add opportunity. McCann's business plan focuses on repositionin...

BOCA RATON, Fla. , June 7, 2016 /PRNewswire/ -- Mill Creek Residential , a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced the acquisition of Emerald Bay Club Apartments , a two-story garden- style community situated in the highly desirable West Boca submarket . Mill Creek will rebrand the community Alister Boca Raton and complete renovations to better meet the expectations of today's luxury apartment residents . The community, featuring 448 apartment homes , will receive interior updates , landscaping improvements and the addition of several resort- style amenities , including a luxury pool and fully equipped fitness center . " Palm Beach County is an extremely attractive location with a strong mix of entertainment ...

Multifamily in Greater Memphis has been experiencing a fair amount of activity as of late, with two apartment communities trading in just a few days’ time. One of these communities is the 220-unit Foxwood Apartments —located in the Bill Morris Parkway High - Tech Corridor submarket of the Bluff City. The 1972- built multifamily property was purchased for $2.27 million by Resource Real Estate Opportunity REIT . The 30- building development offers 212 ,000 square feet of leasable area, and community amenities include a fitness center, swimming pool, tennis courts, playground, clubhouse and onsite leasing office . Foxwood Apartments is located conveniently close to I-240 and Nonconnah Parkway , placing the community in proximity to major employmers such as FedEx World, Technicolor, Nike, Lenox Corporate Park and the Nonconnah Technology Corridor . Resource Real Estate Opportunity acquired Foxwood Apartments along with Park Forest Apartments in Oklahoma City, Okla. The company pai...

FT. LAUDERDALE, FL - ZOM Florida and The NRP Group recently celebrated the completion and grand opening of Monterra Apartments,  a workforce housing community in Cooper City, south Broward County , Florida. The new 300 unit community began pre -leasing in February 2012 and was 100% leased in April. The units will be 100% occupied in mid July. The property boasts a variety of spacious 1, 2 and 3- bedroom floor plans , featuring nine foot ceilings, and walk in closets. The centerpiece of the Monterra community is a large upscale clubhouse facility , which includes a swimming pool, clubroom with computer work stations , and a 24- hour fitness center . Additional project features include energy efficient appliance and lighting packages, a playground, a covered barbeque area , and a dog park. Project financing included approximately $26 million in NIBP bonds issued by the Florida Housing Finance Corporation , HOME loan funding , and additional loans provided under...