ATLANTA—With the four quarter approaching, we can expect some big moves from big players across the commercial real estate sector. Preferred Apartment Communities just closed one noteworthy multifamily deal.
PAC acquired a slew of multifamily units across four states for $182 million. The four apartment communities total 1,397 doors in the Kansas City, Nashville, Dallas, and Houston areas.
"These four communities are an outstanding addition to our multifamily portfolio," says John A. Williams, chairman and CEO of PAC. “We believe the acquisition of these communities will be accretive to our stockholders in both the short and long term."
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