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Preferred Apartment Communities to Acquire 520-Unit Houston Portfolio

Avenues at Northpointe and Avenues at Cypress Slated to Change Ownership in $76 Million Transaction
By Shavon Shockley
January 13, 2015 | 11:23 P.M.

Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC") confirmed that it expects to close on a 520-unit Houston-area multifamily portfolio in February 2015 for $76 million.

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News | Preferred Apartment Communities to Acquire 520-Unit Houston Portfolio