Preferred Apartment Communities, a REIT, completed the acquisition of real estate advisors, Preferred Apartment Advisors and NMP Advisors for $179m. "The management team is very excited about this transition and the opportunity it provides us in our management of the Company. The entire PAC team remains deeply committed to our mission of growing stockholder value and believes this internalized format gives PAC an optimized platform to execute our business and financial objectives over the long term," Joel T. Murphy, Preferred Apartment CEO.