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Preferred Apartment unit invests $68M in Atlanta office development

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Preferred Apartment unit invests $68M in Atlanta office development

Preferred Apartment Communities Inc. unit Preferred Office Properties LLC closed on a loan investment of up to about $67.6 million in connection with 8 West, a 187,000-square-foot office development in the West Midtown submarket of Atlanta.

Preferred Office now has the option to purchase the office project following stabilization, as a result of the investment.