SHAREHOLDER ALERT: WeissLaw LLP Investigates Preferred Apartment Communities Inc.

NEW YORK, Feb. 16, 2022 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Preferred Apartment Communities Inc. ("Preferred Apartment Communities" or the "Company") (NYSE: APTS), in connection with the proposed acquisition of the Company by Blackstone Real Estate Income Trust, Inc. ("BREIT").  Under the terms of the merger agreement, the Company's shareholders will receive $25.00 in cash for each share of Preferred Apartment Communities common stock that they hold.  The transaction is valued at approximately $5.8 billion.

If you own Preferred Apartment Communities shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

https://www.weisslaw.co/news-and-cases/apts 
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
305 Broadway, 7^th Floor
New York, NY  10007
(212) 682-3025
(888) 593-4771
[email protected]

WeissLaw LLP is investigating whether (i) Preferred Apartment Communities' board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $25.00 per-share merger consideration adequately compensates Preferred Apartment Communities' shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. 

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]

SOURCE WeissLaw LLP