Preferred Apartment buys San Antonio office property

|About: Preferred Apartment Comm... (APTS)|By:, SA News Editor

Westridge at La Cantera is a 258K square-foot Class A office development. The average remaining lease terms for the existing tenants is about 9 years.

Preferred (NYSEMKT:APTS) intends to remain focused on multi-family properties, but does pick up Class A office buildings from time to time.

Source: Press Release