Preferred Apartment Communities

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

ATLANTA, Sept. 22, 2011 /PRNewswire/ --

Third Quarter Earnings Release and Conference Call

Preferred Apartment Communities, Inc. (AMEX: APTS), today announced plans to release its third quarter 2011 earnings on Monday, November 7, 2011 after the market closes.

Following are the details of a conference call Preferred Apartment Communities will host on Tuesday, November 8, 2011 at 11:00 a.m. Eastern Time to discuss its third 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
Company: Preferred Apartment Communities, Inc.
Date:  Tuesday, November 8, 2011
Time:  11:00 a.m. Eastern Time (8:00 a.m. Pacific Time)

The live broadcast of Preferred Apartment Communities' third quarter 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/Archived Webcasts.

Third Quarter Dividend Confirmation

Preferred Apartment Communities today confirmed that its Board of Directors has declared a quarterly dividend on its common stock of $0.125 per share for the third quarter of 2011.  The dividend is payable on October 17, 2011 to all common stockholders of record as of September 30, 2011.

About Preferred Apartment Communities, Inc.

Preferred Apartment Communities, Inc. is a Maryland corporation formed primarily to acquire and operate 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.  Preferred Apartment Communities intends to elect and qualify as a real estate investment trust for U.S. federal income tax purposes, commencing with our tax year ending December 31, 2011.

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

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