We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Preferred Apartment Communities Inc. (“Preferred Apartment Communities” or the “Company”) (NYSE: APTS), in connection with the proposed acquisition of the Company by Blackstone Real Estate Income Trust, Inc.(“BREIT”).  Under the terms of the merger agreement, the Company’s shareholders will receive $25.00 in cash for each share of Preferred Apartment Communities common stock that they hold.  The transaction is valued at approximately $5.8 billion.

WeissLaw LLP is investigating whether (i) Preferred Apartment Communities’ board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $25.00 per-share merger consideration adequately compensates Preferred Apartment Communities’ shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.