Preferred Apartment Communities has gone through with a commitment it made before the coronavirus pandemic to buy an apartment complex on Florida's Gulf Coast after securing favorable financing and seeing strong April rent collections at the property.
Atlanta REIT Closes on Pre-Coronavirus Deal for Apartments on Florida's Gulf Coast
Preferred Apartment Communities Buys Parkside at the Beach in Panama City
By Tony Wilbert
CoStar NewsMay 6, 2020 | 8:55 P.M.
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IN THIS ARTICLE
- Properties
- Parkside At The Beach Apartments
17225 Panama City Beach Pky, Panama City Beach, FL
- Companies
- Preferred Apartment Communities
Real Estate
- Easlan Capital
Real Estate
- The Ardent Companies
Real Estate
- Contacts
- John Isakson
Chief Financial Officer, Preferred Apartment Communities
- Mike McGaughy
Senior Managing Director, Transwestern Real Estate Services
- Jon Kleinberg
Senior Managing Director, Transwestern Real Estate Services