All Is Peachy For Preferred Apartment Communities

APTS has a unique development platform whereby the company leverages relationships built over 40 years to identify opportunities. APTS attempts to mitigate the development risk by pre-negotiating take out arrangements with developers.

Here’s an example of a project in Charlotte that APTS acquired from a developer (for $115k per unit).

APTS is not only an apartment owner, the compamy has extended into off-campus student housing.

APTS focuses on privately owned, off-campus, modern, upscale amenity communities in markets with growing enrollments. The company also created a separate campus management division solely focused on student housing called Preferred Campus Management, LLC (led by Kim (Barkwell) Hodge, 35-year industry veteran).

The campus housing program's current portfolio consists of 9 assets under management (6,151 beds) and 2 additional units (totaling 1,319 beds).

Campus housing appears to be a logical extension for APTS, especially since the company already has the development relationships in place.

APTS targets universities with enrollments of at least 15,000 students and desired location within both walking and biking distance to campus. The company focuses on townhome, garden style and mid-rise properties consisting of 450 to 800 beds per property.