Preferred Apartment Communities sells Armour Yards properties for $79M, continues exit from U.S. office sector

Preferred Apartment Communities intends to exit the office market. Chairman and CEO Joel Murphy has said the Atlanta company has been shifting its portfolio toward “higher-growth” apartment developments complemented by grocery-anchored retail.

Preferred Apartment Communities intends to exit the office market. Chairman and CEO Joel Murphy has said the Atlanta company has been shifting its portfolio toward “higher-growth” apartment developments complemented by grocery-anchored retail. Read MoreAtlanta Business News – Local Atlanta News | Atlanta Business Chronicle

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