Preferred Apartment Communities

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Preferred Apartment Communities, Inc. Confirms Date of Second Quarter 2011 Earnings Release and Conference Call

ATLANTA, Aug. 9, 2011 /PRNewswire/ -- Preferred Apartment Communities, Inc. (AMEX: APTS) today confirmed that it plans to issue its second quarter 2011 earnings on Monday August 15, 2011 after the market closes.

(Logo: http://photos.prnewswire.com/prnh/20110420/HS87275LOGO )

Following are the details of a conference call Preferred Apartment Communities will host on Tuesday August 16, 2011 at 11:00 a.m. Eastern Time to discuss its second quarter 2011 results.  To participate in the conference call, please dial in to the following:

Live Conference Call Details
Domestic Dial-in Number:  (800) 860-2442
International Dial-in Number:  (412) 858-4600
Conference ID:  452112
Date:  Tuesday August 16, 2011
Time:  11:00 a.m. Eastern Time (8:00 a.m. Pacific Time)

The live broadcast of Preferred Apartment Communities' quarterly conference call will be available online, on a listen-only basis, at the company's website, www.pacapts.com under Investors and then click on the "Upcoming Webcasts" link.  A replay of the call will be archived on Preferred Apartment Communities' website under Investors/Audio Archives.

About Preferred Apartment Communities, Inc.

Preferred Apartment Communities, Inc. is a Maryland corporation formed primarily to acquire multifamily properties in select targeted markets throughout the United States.  As part of our property acquisition strategy, we may enter into forward purchase contracts or purchase options for to-be-built multifamily communities and we may make mezzanine loans, provide deposit arrangements, or provide performance assurances, as may be necessary or appropriate, in connection with the construction of these properties.  As a secondary strategy, we may acquire senior mortgage loans, subordinate loans or mezzanine debt secured by interests in multifamily properties, membership or partnership interests in multifamily properties and other multifamily related assets.  PAC intends to elect and qualify as a real estate investment trust for U.S. federal income tax purposes effective as of April 1, 2011.

SOURCE Preferred Apartment Communities, Inc.

For further information: Leonard A. Silverstein, Executive Vice President, Preferred Apartment Communities, Inc., +1-770-818-4147, lsilverstein@pacapts.com