1、22016 ANNUAL REPORT2016 ANNUAL REPORTS O A R I N G32016 ANNUAL REPORTCOMPANY PROFILESLETTER TO STOCKHOLDERSFORM 10-KCOMPANY INFORMATIONWELCOMEPREFERRED APARTMENT COMMUNITIESWith assets in 25 cities across 9 states,the PAC family of companies provides the full gamut of services for our core business,
2、including Investment Management,Acquisition and Disposition,Asset Management and Property Management.Our guiding philosophy is to provide our residents and tenants with an exceptional experience by offering quality apartment homes and retail centers,superior resident and tenant services,and total cu
3、stomer satisfaction.Preferred Apartment Communities,Inc.(NYSE:APTS)is a Maryland corporation formed primarily to acquire and operate multifamily properties in select targeted markets throughout the United States.As part of our business strategy,we may enter into forward purchase contracts or purchas
4、e options for to-be-built multifamily communities and we may make real estate related loans,provide deposit arrangements,or provide performance assurances,as may be necessary or appropriate,in connection with the development of multifamily communities and other properties.As a secondary strategy,we
5、may acquire or originate senior mortgage loans,subordinate loans or real estate loans secured by interests in multifamily properties,membership or partnership interests in multifamily properties and other multifamily related assets and invest a lesser portion of our assets in other real estate relat
6、ed investments,including other income-producing property types,senior mortgage loans,subordinate loans or real estate loans secured by interests in other income-producing property types,membership or partnership interests in other income-producing property types as determined by our manager as appro