Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) will hold its 2021 Annual Meeting of Stockholders (the “Annual Meeting”) virtually due to the public health impact of the COVID-19 pandemic and to support the health and well-being of its stockholder, associates, directors, and the community. We appreciate your understanding and look forward to your participation in our virtual meeting.

Meeting Information

Date: June 3, 2021

Time: 9:00 a.m., Eastern Time

Location: http://www.virtualshareholdermeeting.com/APTS2021

Record Date: April 5, 2021

Proxy Materials:

- 2021 Proxy Statement

- 2020 Annual Report

Voting Prior to the Annual Meeting

To vote prior to the Annual Meeting, stockholders must take one of the following actions prior to 11:59 p.m. Eastern Time on June 2, 2021:

• Sign, date and promptly mail the proxy card or voting instruction form received;
• Vote via the Internet (at www.proxyvote.com); or
• By telephone (at 1-800-690-6903).

If you have any questions about the Annual Meeting, or if you require assistance on voting, please call Broadridge Investor Communications Solutions, Inc., our proxy tabulator, at 1-800-579-1639.

Additional Information and Frequently Asked Questions

Attending the Virtual Annual Meeting

If you were a stockholder on April 5, 2021, the record date for the Annual Meeting, and have your 15-digit control number, you may participate in and vote your shares at the Annual Meeting by following the instructions available on www.proxyvote.com. Stockholders may find the control number on their proxy card or notice of internet availability. If you are unable to locate your control number, please contact our Investor Relations department at 770-818-4144 or InvestorRelations@pacapts.com in advance of the meeting date.

Voting Shares at the Virtual Meeting

Stockholders who have not voted their shares prior to the meeting or who wish to change their vote will be able to vote their shares electronically at the meeting if they have logged into the meeting website using their 15-digit control number. Whether or not stockholders plan to attend the meeting, they are encouraged to vote their shares prior to the meeting by one of the methods described in the proxy materials. Whether or not you plan to attend the Annual Meeting, your vote is important and we encourage you to vote promptly.

Stockholders who have already voted prior to the meeting do not need to vote again at the meeting.

Accessing the List of Stockholders Entitled to Vote

The names of stockholders of record entitled to vote at the Annual Meeting will be available to stockholders entitled to vote at this meeting for ten days prior to the Annual Meeting for any purpose relevant to the Annual Meeting. This list can be viewed between the hours of 9:00 a.m. and 5:00 p.m. Eastern Time at our principal executive offices at 3284 Northside Parkway NW, Suite 150, Atlanta, Georgia 30327. Please contact our Secretary at 3284 Northside Parkway NW, Suite 150, Atlanta, Georgia 30327 to make arrangements.

When can I access the virtual annual meeting and who should I contact if I have technical issues?

You may log into the meeting beginning at 8:45 a.m., Eastern Time on June 3, 2021 and the meeting will begin promptly at 9:00 a.m., Eastern Time. We recommend that you log in before the meeting starts to allow time to check your internet connection, confirm your browser is up-to-date, and ensure you can hear the streaming audio. If you experience any technical difficulties accessing the meeting or during the meeting, please call the toll-free technical support number that will be available on http://www.virtualshareholdermeeting.com/APTS2021 for assistance.

If there are any technical issues in convening or hosting the meeting, we will promptly post information on this site, including information on when the meeting will be reconvened.

Although the annual meeting will be held in a virtual format this year, the Company remains committed to its philosophy of stockholder engagement and currently intends to return to an in-person meeting format for future annual meetings under normal circumstances.

About Preferred Apartment Communities, Inc.

Preferred Apartment Communities, Inc. (NYSE: APTS) is a real estate investment trust engaged primarily in the ownership and operation of Class A multifamily properties, with select investments in grocery-anchored shopping centers and Class A office buildings. Preferred Apartment Communities' investment objective is to generate attractive, stable returns for stockholders by investing in income-producing properties and acquiring or originating real estate loans. As of March 31, 2021, the Company owned or was invested in 117 properties in 13 states, predominantly in the Southeast region of the United States. Learn more at www.pacapts.com.

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