Preferred Apartment Communities


Board of Directors

Joel Murphy

Joel T. Murphy joined our Board of Directors on May 2, 2019. He has served as Chief Executive Officer of New Market Properties, LLC, a wholly-owned subsidiary of PAC’s operating partnership, since September 1, 2014. In addition, Mr. Murphy currently serves as the chairperson of the Manager's Investment Committee and previously served as a member of our Board from September 1, 2014 to May 7, 2015. Mr. Murphy has over 30 years of experience as an executive officer, principal and advisor in retail and multifamily projects, portfolios and investments. From January 2009 to present, Mr. Murphy served as Chief Executive Officer of Murphy Capital and Advisory Group LLC; from May 2010 to present, as Managing Partner of Paces Andrews Associates; from January 2011 to December 2013, as Principal of Iron Tree Capital LLC; and from August 2012 to July 2014, as Chief Executive Officer of Iron Tree Retail LLC. From 1992 to 1995, Mr. Murphy served as the Director of Development of Cousins Properties (NYSE: CUZ) and from 1995 to 2008, he served as President of the Retail Division of Cousins Properties (NYSE: CUZ), as well as a member of its investment committee. From 1988 to 1992, he was a Partner at New Market Development Company, Ltd., a shopping center management and development company, which owned and managed retail properties primarily in the Mid-Atlantic and Southeast regions and Texas.

Mr. Murphy currently serves on the Board of Directors of The Orvis Company and the Advisory Board of Note South Partners LLC. Joel also serves as a Trustee of the International Council of Shopping Centers (ICSC) and as an Executive Committee member and Vice President of ICSC’s Southern Region. He is also a member of the Urban Land Institute (ULI), a member of the Board of Visitors of the University of North Carolina at Chapel Hill, and a past member of Young Presidents Organization (YPO). Joel received his J.D. from the University of Georgia School of Law where he was a member of the Law Review, and he received his B.A. in Economics from the University of North Carolina at Chapel Hill.