Preferred Apartment Communities
Preferred Apartment Communities is a national multifamily real estate owner-operator headquartered in Atlanta that owns and operates apartment communities across the southeastern and southwestern United States, providing residential housing, property management, leasing, and maintenance services to individual renters and families.
- Company typePrivate
- Founded2011
- HeadquartersAtlanta, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Preferred Apartment Communities does
Preferred Apartment Communities (PAC) is a national multifamily real estate owner-operator headquartered in Atlanta, Georgia. Founded in 2011, the company acquires and operates apartment communities across the southeastern and southwestern United States, providing residential housing, property management, leasing, and maintenance services through onsite teams at each community. PAC serves individual renters and families seeking multifamily housing, and historically served real estate investors through its prior public REIT structure (NYSE: APTS, now delisted).
The company's core offerings include owned and operated multifamily apartment communities, the PAC Mezzanine Program for new development lease-up execution, and vertically integrated corporate shared services covering finance, legal, risk management, IT, construction, procurement, marketing, and human resources. PAC's go-to-market is direct: onsite leasing and property management teams handle resident acquisition and retention without intermediaries. Pricing is unit-specific and not publicly disclosed; prospective residents contact property management directly.
The leadership team, led by President Kim Bender (joined 2024 with 30+ years of industry experience), is drawn from premier multifamily operators including Fairfield, AvalonBay Communities, Harbor Group Management, Irvine Company, and Westfield. PAC operates as a privately held entity following its delisting, with operations supported through a corporate portal and careers infrastructure hosted via LivCor and Revantage, suggesting integration into a larger institutional ownership structure. The company positions itself around a people-first culture, structured training, and operational excellence rather than proprietary technology.
Preferred Apartment Communities firmographics
Firmographics- Name
- Preferred Apartment Communities
- Legal name
- Preferred Apartment Communities, Inc.
- Website
- https://pacapts.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Preferred Apartment Communities is a national multifamily real estate owner-operator headquartered in Atlanta that owns and operates apartment communities across the southeastern and southwestern United States, providing residential housing, property management, leasing, and maintenance services to individual renters and families.
- Ownership category
- akta.pro rank
Preferred Apartment Communities industry classification
Industry- Product category
- Multifamily Residential Real Estate
- NAICS
- Lessors of Residential Buildings and Dwellings (53111), New Multifamily Housing Construction (except For-Sale Builders) (236116)
- SIC
- Operators Of Apartment Buildings (6513)
- akta.pro primary industry
- Multifamily Apartment Property Management (BPAJAFAA)
- akta.pro secondary industry
- Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG)
Keywords
Where Preferred Apartment Communities is headquartered
LocationHeadquarters
- HQ city
- Atlanta
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Preferred Apartment Communities business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain
Distribution channels1 record
Marketing channels2 records
Preferred Apartment Communities product offering
Product offeringCore offering
Preferred Apartment Communities acquires, owns, and operates multifamily apartment communities across the southeastern and East Coast United States. The company delivers residential rental housing along with onsite property management, leasing, and maintenance services, supported by centralized corporate functions and the PAC Mezzanine Program for new development and lease-up of assets.
Product overview
Preferred Apartment Communities (PAC) operates as a vertically integrated real estate company offering a unified platform of multifamily apartment living services. The core offering consists of owned and operated apartment communities across the southeastern and southwestern United States, supported by the PAC Mezzanine Program for new development and lease-up. PAC provides property management, leasing, and maintenance operations through onsite teams, while corporate shared services (finance, legal, IT, procurement, marketing, human resources, training) provide the strategic backbone. The company positions itself as an owner-operator with a people-first approach to both residents and associates.
Differentiator
Problem solved
Functional benefit
Products and services
- Multifamily Apartment Communities Owned and operated multifamily apartment communities across the southeastern and East Coast United States, providing residential rental housing with property management, leasing, and maintenance services for individuals and families.
- PAC Mezzanine Program A development and lease-up program that enables new development multifamily assets to reach stabilization, overseen by senior property operations leadership as part of the company's national portfolio strategy.
- Property Management Services Onsite property management services covering daily community operations, resident services, leasing, maintenance operations, and community events and activities for residents of PAC's multifamily apartment communities.
Companies that use Preferred Apartment Communities
Customer profileSegments2 records
Ideal customer profiles2 records
Preferred Apartment Communities technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Preferred Apartment Communities partnerships and signals
Strategic signalScale indicators2 records
Recent moves5 records
Expansion highlights4 records
Preferred Apartment Communities competitors and assessment
Company assessmentDirect peers
- AvalonBay Communities: AvalonBay is one of the largest publicly traded multifamily REITs in the U.S., developing, redeveloping, acquiring, and managing apartment communities across high-growth coastal and Sun Belt markets. It is a direct peer given shared business model — own, operate, and lease conventional garden-style and high-rise multifamily — and overlapping geographic footprint. PAC's SVP Maintenance Operations William Arias previously held senior regional roles at AvalonBay, evidencing close functional comparability.
- Mid-America Apartment Communities: Mid-America Apartment Communities (MAA) is the largest publicly traded multifamily REIT focused on the Sun Belt, operating a portfolio of garden-style apartment communities across Texas, the Carolinas, Georgia, Florida, and the broader Southeast. It is a direct peer given nearly identical geographic concentration and product type (conventional market-rate multifamily), making it the most operationally comparable competitor to PAC's Sun Belt-anchored portfolio.
- Camden Property Trust: Camden Property Trust is a publicly traded multifamily REIT that owns, operates, and develops approximately 172 apartment communities across the Sun Belt and select U.S. markets. It is a direct peer with a nearly identical operational profile — owner-operator of market-rate multifamily in many of the same MSAs as PAC, with similar unit counts per community and similar resident value propositions.
- UDR Inc. UDR is a publicly traded multifamily REIT owning and operating a national portfolio of approximately 60,000 apartment homes across coastal and Sun Belt markets. It is a direct peer given its owner-operator model, similar asset class (conventional market-rate multifamily), and overlapping geographic footprint in the Southeast and Sun Belt.
- Independence Realty Trust: Independence Realty Trust is a publicly traded multifamily REIT operating a portfolio of approximately 50,000 units concentrated in non-gateway Sun Belt markets. It is a direct peer of similar size and profile to PAC — a pure-play Sun Belt conventional multifamily owner-operator — making it one of the most directly comparable vehicles for performance benchmarking and capital structure analysis.
- Equity Residential: Equity Residential is one of the largest publicly traded multifamily REITs, owning and operating a high-quality portfolio of approximately 80,000 apartment homes in urban and high-density suburban markets. It is a direct peer given shared business model (own, operate, lease market-rate multifamily) and similar resident value proposition of professionally managed upscale apartment living.
- Essex Property Trust: Essex Property Trust is a publicly traded multifamily REIT that owns and operates approximately 250 apartment communities with ~62,000 apartment homes, primarily on the U.S. West Coast. It is a direct peer in business model and asset class — vertically integrated multifamily owner-operator — though it competes in different geographies; useful comparable for operating margin and same-store NOI benchmarking.
- Veris Residential: Veris Residential is a publicly traded multifamily REIT operating a portfolio of approximately 13,000 Class A apartment units concentrated in the Northeast. It is a direct peer in business model and asset class (owner-operator of conventional market-rate multifamily) and provides a useful mid-sized REIT benchmark for valuation comparables.
Broad incumbents
- Greystar Real Estate Partners: Greystar is the largest apartment operator globally and one of the largest multifamily property managers, investment firms, and developers, managing approximately 950,000 units across the U.S. It is a broad incumbent peer given overlap in property management services (a function PAC performs internally) and in institutional apartment investment, where Greystar competes with PAC's mezzanine/development activities.
Emerging players
- NexPoint Residential Trust: NexPoint Residential Trust is a publicly traded multifamily REIT operating approximately 16,000 apartment units across the Sun Belt and Southeast. It is an emerging player peer — smaller scale than PAC but directly comparable in geographic concentration and value-add investment strategy, making it a relevant mid-sized comparable for deal flow and financing terms.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Preferred Apartment Communities social profiles
Digital presencePreferred Apartment Communities financial estimates
Financial estimateRevenue estimate
Valuation estimate
Preferred Apartment Communities leadership team
Management profileNumber of profiles
Profiles13 records
Preferred Apartment Communities funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Preferred Apartment Communities M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Preferred Apartment Communities
What does Preferred Apartment Communities do?
Preferred Apartment Communities acquires, owns, and operates multifamily apartment communities across the southeastern and East Coast United States. The company delivers residential rental housing along with onsite property management, leasing, and maintenance services, supported by centralized corporate functions and the PAC Mezzanine Program for new development and lease-up of assets.
Is Preferred Apartment Communities a public or private company?
Preferred Apartment Communities is a private company. It is classified as unknown and is currently operating.
When was Preferred Apartment Communities founded?
Preferred Apartment Communities was founded in 2011. It employs 101 to 250 people.
Where is Preferred Apartment Communities based?
Preferred Apartment Communities is headquartered in Atlanta, United States, in the North America region.
Who are Preferred Apartment Communities's main competitors?
Direct peers on record are AvalonBay Communities, Mid-America Apartment Communities, Camden Property Trust, UDR Inc., Independence Realty Trust, Equity Residential, Essex Property Trust and Veris Residential. Greystar Real Estate Partners is listed as a broad incumbent. NexPoint Residential Trust is listed as an emerging player.
Does Preferred Apartment Communities have an API?
No public API is recorded for Preferred Apartment Communities.
What industry is Preferred Apartment Communities in?
Preferred Apartment Communities's product category is Multifamily Residential Real Estate. Its primary akta.pro industry code is BPAJAFAA, Multifamily Apartment Property Management, with a secondary code of HLADAAAG, Independent Living Real Estate Owners/Operators (REITs & Management Companies). Its NAICS code is 53111 and its SIC code is 6513.