Preferred Apartment Communities Increases Quarterly Dividend from $0.125 to $0.13

Preferred Apartment Communities, Inc.

today announced that its Board of Directors has declared a quarterly dividend on its common stock of $0.13 per share for the first quarter 2012, an increase from the $0.125 per share paid to stockholders for each of the three quarters following the company's initial public offering, which closed April 5, 2011. The dividend is payable on April 16, 2012 to all common stockholders of record as of March 30, 2012.