Sunday, September 9, 2012
Preferred Apartment Communities, Inc. Announces Mezzanine Loan Investment Closing on Former Charlotte Coliseum Site Redevelopment
In connection with the mezzanine loan, the Company was granted an option to purchase the 284-unit multifamily community between the 39(th) and 43(rd) months following the closing of the mezzanine loan for a pre-negotiated purchase price of approximately $30.9 million.
For a complete copy of the company’s news release, please contact:
Preferred Apartment Communities, Inc.,
Leonard A. Silverstein,
President and Chief Operating Officer,
Posted by Alex at 12:40 PM