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.

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