Preferred Apartment Communities
Preferred Apartment Communities's Overview
Preferred Apartment Communities, Inc. (PAC), formerly traded under NYSE: APTS, was a Real Estate Investment Trust (REIT) primarily engaged in acquiring, owning, and operating Class A multifamily properties located in attractive Sunbelt markets across the United States. The company also had investments in grocery-anchored retail assets and office properties. In June 2022, Preferred Apartment Communities was acquired by Blackstone Real Estate Income Trust (BREIT) in an all-cash transaction valued at approximately $5.8 billion.
Where is Preferred Apartment Communities's Headquarters?
HQ Function
Served as the central hub for all corporate functions including executive leadership, investment strategy, financial operations, and investor relations prior to its acquisition.
Notable Features:
Located in a modern office park in the Northside Gwinnett submarket of Atlanta, providing convenient access and professional amenities. Specific unique architectural details are not broadly highlighted.
Work Culture:
Prior to its acquisition, the work culture was likely professional, performance-driven, and collaborative, focusing on real estate investment acumen, portfolio growth, and shareholder value, typical of a public REIT.
HQ Significance:
The headquarters was the nerve center for a significant publicly traded REIT specializing in Class A multifamily assets in the Sunbelt, directing its growth and operational strategy until its acquisition by Blackstone.
Values Reflected in HQ: The choice of a professional office environment likely reflected values of stability, financial prudence, and a focused approach to real estate investment.
Location:
Preferred Apartment Communities primarily operated within the United States, with a strong portfolio concentration in the Sunbelt region. It did not have a significant direct global operational presence (e.g., international offices or properties) outside the U.S. prior to its acquisition by Blackstone.
Street Address:
3284 Northside Parkway NW, Suite 150
City:
Atlanta
State/Province:
Georgia
Country:
USA
Preferred Apartment Communities's Global Presence
Various cities in Sunbelt States, USA (e.g., Tampa, FL; Charlotte, NC; Dallas, TX)
Address: Specific regional administrative office addresses are not centrally listed post-acquisition; operations were often co-located with or near major property clusters.
To provide on-the-ground support and management for assets within specific high-growth Sunbelt markets, ensuring operational efficiency, tenant satisfaction, and local market expertise.
Buying Intent Signals for Preferred Apartment Communities
Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.
Executive Team of Preferred Apartment Communities
As of April 2025, Preferred Apartment Communities' leadership includes:
Investors of Preferred Apartment Communities
Preferred Apartment Communities has been backed by several prominent investors over the years, including:
Executive New Hires/Exits in the Last 12 Months
The most significant executive event for Preferred Apartment Communities was the transition of its leadership team following the company's acquisition by Blackstone Real Estate Income Trust (BREIT), completed in June 2022. This led to the departure of the existing executive team from their roles at the independent PAC.
Departures
Technology (Tech Stack) used by Preferred Apartment Communities
Discover the tools Preferred Apartment Communities uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.
Preferred Apartment Communities Email Formats and Examples
Prior to its acquisition, Preferred Apartment Communities, Inc. (PAC) likely used standard corporate email formats. The domain was pacapts.com. Post-acquisition, emails to this domain are unlikely to be active.
[first_initial][last]@pacapts.com or [first].[last]@pacapts.com
Format
jdoe@pacapts.com
Example
75%
Success rate
News and media
Blackstone • June 23, 2022
Preferred Apartment Communities News: Blackstone Real Estate Income Trust Completes Acquisition of Preferred Apartment Communities, Inc.
Blackstone Real Estate Income Trust, Inc. (BREIT) announced that it has completed its previously announced acquisition of Preferred Apartment Communities, Inc. (PAC) for $25.00 per share in an all-cash transaction valued at approximately $5.8 billion....more
Business Wire (via PAC) • February 28, 2022
Preferred Apartment Communities News: Announces Record Full Year and Fourth Quarter 2021 Results
Preferred Apartment Communities, Inc. reported strong financial and operating results for the fourth quarter and full year ended December 31, 2021, highlighting significant growth in rental revenue, net operating income, and core funds from operations (Core FFO) per share. This was one of its last earnings reports before the acquisition agreement with Blackstone....more
PR Newswire (via PAC) • February 16, 2022
Preferred Apartment Communities News: To Be Acquired by Blackstone Real Estate Income Trust for $25.00 Per Share in $5.8 Billion All-Cash Transaction
Preferred Apartment Communities, Inc. announced that it had entered into a definitive agreement to be acquired by Blackstone Real Estate Income Trust, Inc. (BREIT) for $25.00 per share. The transaction was valued at approximately $5.8 billion....more
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