Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that as a result of its proposed acquisition by Blackstone Real Estate Income Trust, Inc., the Company has cancelled its conference call to discuss its fourth quarter and year ended 2021 earnings previously scheduled for Tuesday, March 1, 2022, at 11:00 a.m. Eastern Time. The Company intends to issue a press release detailing its fourth quarter and year ended 2021 earnings after the market closes on Monday, February 28, 2022.

About Preferred Apartment Communities, Inc.

Preferred Apartment Communities, Inc. (NYSE: APTS) is a real estate investment trust engaged primarily in the ownership and operation of Class A multifamily properties, with select investments in grocery anchored shopping centers. Preferred Apartment Communities’ investment objective is to generate attractive, stable returns for stockholders by investing in income-producing properties and acquiring or originating real estate loans. As of September 30, 2021, the Company owned or was invested in 107 properties in 13 states, predominantly in the Southeast region of the United States. Learn more at www.pacapts.com.

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