Preferred Apartment Communities, Inc. Announces Proxy Advisory Firms ISS, Glass Lewis and Egan-Jones All Recommend Stockholders Vote "FOR" Proposed Acquisition by Blackstone Real Estate Income Trust, Inc.

Preferred Apartment Communities, Inc. (NYSE:APTS) ("PAC") today announced that independent proxy advisory firm Egan-Jones Proxy Services has recommended that PAC stockholders vote "FOR" the previously announced all-cash acquisition of PAC by Blackstone