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Preferred Apartment acquires student housing at Baylor

Published 12/19/2017, 04:30 PM
© Reuters.  Preferred Apartment acquires student housing at Baylor
APTS
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  • The 250-unit, 840-bed student housing community is less than one mile from Baylor U, and was completed in 2016.
  • Preferred Apartment (NYSEMKT:APTS) acquired its stake by converting a portion of the outstanding principal and interest balances of its loan against the property.
  • The JV which owns this property also owns a 198-unit student housing community near Kennesaw State University in the Atlanta area.
  • Source: Press Release
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