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BRIEF-Preferred Apartment Communities announces acquisition of a 247-unit multifamily community in Williamsburg, Virginia

April 3 Preferred Apartment Communities Inc

* Preferred Apartment Communities, Inc. announces acquisition of a 247-unit multifamily community in Williamsburg, Virginia

* Preferred Apartment Communities Inc says financed acquisition utilizing a portion of proceeds from a 1031 exchange transaction sale earlier in quarter

* Preferred Apartment Communities Inc says also financed acquisition by a first mortgage loan from Berkadia Commercial Mortgage Llc Source text for Eikon: Further company coverage:

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