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BRIEF-Preferred Apartment Communities announces acquisition of a 260-unit multifamily community in Overland Park, Kansas
September 27, 2017 / 8:27 PM / 3 months ago

BRIEF-Preferred Apartment Communities announces acquisition of a 260-unit multifamily community in Overland Park, Kansas

Sept 27 (Reuters) - Preferred Apartment Communities Inc

* Preferred Apartment Communities, Inc. announces acquisition of a 260-unit multifamily community in Overland Park, Kansas

* Preferred Apartment Communities Inc says acquired 260-unit class a multifamily community in Overland Park, Kansas through a wholly-owned subsidiary ​

* Preferred Apartment Communities Inc- subsidiary financed acquisition utilizing a non-recourse first mortgage loan from Freddie Mac

* Preferred Apartment Communities - ‍the Freddie Mac first mortgage loan is about $31.85 million, bears interest at fixed rate of 3.9 pct/annum, matures on April 1, 2028​ Source text for Eikon: Further company coverage:

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