Most popular Condo Communities, Inc.Publicizes Orlando, Florida Residence Mortgage Funding for Multi-Household Improvement

ATLANTA, March 4, 2021 / PRNewswire / – Most popular Condo Communities, Inc. (NYSE: APTS) (“PAC” or the “Firm”) at the moment introduced that the March 1, 2021 it closed on a mortgage funding of roughly $ 16.8 million as a part of Crosland Southeast’s tasks to develop a 320-unit class A multi-family group situated in Orlando, Florida. The property is a part of Metro West, an 1,800-acre mixed-use growth presently comprising over 2.5 million sq. toes of workplace and retail house, Valence School West Campus and MetroWest Golf Membership. Moreover, with this funding, PAC obtained an choice to buy the multi-family group after stabilization. “We proceed to create investments in residence loans as they supply the corporate with sturdy returns and a possible pipeline of recent and new Class A multi-family communities,” stated Jeff Sherman, president of Multifamily. Mr. Sherman added: “We stay up for starting our lending relationship with Crosland Southeast, a number one actual property growth firm targeted on multi-family growth alternatives in a lot of our goal markets.”

About Most popular Condo Communities, Inc.

Most popular Condo Communities, Inc. (NYSE: APTS) is an actual property funding belief primarily engaged within the possession and operation of Class A multi-family properties, with chosen investments in grocery purchasing malls and condominium buildings. Class A places of work. The funding goal of Most popular Condo Communities is to generate enticing and secure returns for shareholders by investing in income-generating properties and by buying or issuing actual property loans. From December 31, 2020, we owned or invested in 116 properties in 13 states, primarily within the Southeastern area of United States. Study extra about www.pacapts.com.

Ahead-looking statements

This press launch might comprise forward-looking statements throughout the which means of Part 27A of the Securities Act of 1933 and Part 21E of the Securities Change Act of 1934. Such statements could also be recognized by way of forward-looking terminology comparable to “might “,” Pattern “,” will “,” anticipate “,” plan “,” estimate “,” anticipate “,” plan “,” intend “,” imagine “,” objectives “,” goals “,” views “and different expressions. Since these statements embody dangers, uncertainties and unexpected occasions, precise outcomes might differ materially from the expectations, intentions, beliefs, plans or predictions for the long run expressed or implied by these forward-looking statements. These dangers, uncertainties and contingencies embody, however are usually not restricted to, (a) the affect of the coronavirus pandemic (COVID-19) on PAC’s enterprise operations and the financial circumstances of the markets wherein PAC operates; (b) PAC’s capacity to mitigate impacts arising from COVID-19 and (c) these disclosed in paperwork filed by PAC with the Securities and Change Fee. PAC assumes no obligation to replace these forward-looking statements to mirror occasions or circumstances occurring after the date hereof or to mirror the prevalence of unexpected occasions, besides as required by regulation.

Additional info

The SEC has declared efficient the registration assertion (together with the prospectus) filed by the Firm for every of the gives to which this communication might relate. Earlier than investing, you must learn the ultimate prospectus and all prospectus dietary supplements which might be a part of the registration assertion and different paperwork that the corporate has filed with the SEC for extra full details about the corporate and the providing. to which this communication might relate. Specifically, you must fastidiously learn the chance elements described within the Ultimate Prospectus and in any associated Prospectus Complement and within the paperwork integrated by reference into the Ultimate Prospectus and in any associated Prospectus Complement to which this communication might relate. You may receive these paperwork freed from cost by visiting EDGAR on the SEC’s web site at www.sec.gov. As well as, the Firm or its managing dealer, Most popular Capital Securities, LLC, with respect to its providing of Sequence A1 / M1 redeemable most popular shares, will prepare to ship you a prospectus in the event you request it by calling John A. Isakson at (770) 818-4109, 3284 Northside Parkway NW, Suite 150, Atlanta, Georgia 30327.

The providing prospectus of redeemable most popular shares sequence A1 / M1, dated October 22, 2019, is accessible through the next hyperlink:

https://www.sec.gov/Archives/edgar/information/1481832/000148183219000097/a424b5-2019seriesamshares.htm

SOURCE Most popular Condo Communities, Inc.

Associated hyperlinks

http://www.pacapts.com

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