ATLANTA--(BUSINESS WIRE)--May 12, 2022--
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that it has published its inaugural Environmental, Social and Governance (ESG) Report. While ESG values have long been core to the Company’s business practices, this publication provides a comprehensive overview of PAC’s ESG efforts, both for the Company’s core operations and for PAC’s broader real estate portfolio.
This press release features multimedia. View the full release here:
(Graphic: Business Wire)
In addition to providing quantitative results for calendar year 2021, PAC’s ESG report provides insights into the Company’s strategic focus and purposeful approaches to corporate responsibility regarding PAC’s own operations and community impact as well as the operations and impacts of the residents and tenants across PAC’s portfolio.
“While we have featured Environmental, Social and Governance information on our website for some time now, we are excited to share our ESG efforts and successes through this formal ESG Report. This is a key focus of our Board and entire team, and we are committed to all aspects of corporate responsibility, for our stakeholders, communities, and the broader world,” stated Joel T. Murphy, PAC’s Chairman and Chief Executive Officer.
This inaugural ESG Report reflects the ongoing commitment from PAC’s senior leadership team to corporate responsibility, and the work of the Company’s ESG Committee. Members of the Committee include: John Isakson, Chief Financial Officer; Mike Cronin, Chief Accounting Officer; Paul Cullen, Executive Vice President, Investor Relations; Ginger Park, Chief Accounting Officer - Retail; Michael Mangrum, Director of Internal Audit; and Jared Seff, SVP, Deputy General Counsel and Assistant Corporate Secretary.
Core areas of Environmental focus include reducing energy and water consumption at the property operations and resident and tenant levels, improving waste management and recycling programs, and encouraging the use of reduced-emissions transportation options.
Key highlights include:
On the Social front, PAC’s people remain the Company’s most valuable asset, and PAC is investing it its team and communities through workforce development, health and wellness, and community involvement programs.
Key highlights include:
Corporate Governance has long been an area of strength for the Company. PAC operates under a dedicated to maintaining the highest integrity and standards of ethics, and PAC’s Board of Directors has developed and adopted to promote the functioning of the Board and its committees.
This Environmental, Social and Governance Report follows the SASB Reporting Guidelines, which represents the industry gold standard for corporate ESG reporting. Readers can access the digital version of the report by clicking .
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. Preferred Apartment Communities’ investment objective is to generate attractive, stable returns for stockholders by investing in income-producing properties and acquiring or originating multifamily real estate loans. As of March 31, 2022, the Company owned or was invested in 113 properties in 13 states, predominantly in the Southeast region of the United States. Learn more at .
View source version on businesswire.com:
CONTACT: Preferred Apartment Communities, Inc.
John A. Isakson 770-818-4109
Chief Financial Officer
Email:[email protected] Apartment Communities, Inc.
Paul Cullen 770-818-4144
Executive Vice President-Investor Relations
Email:[email protected]
KEYWORD: GEORGIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: ENVIRONMENT RETAIL OTHER PHILANTHROPY HUMAN RESOURCES FINANCE REIT LANDSCAPE BANKING PROFESSIONAL SERVICES FOUNDATION RESIDENTIAL BUILDING & REAL ESTATE PHILANTHROPY COMMERCIAL BUILDING & REAL ESTATE OTHER ENERGY CONSTRUCTION & PROPERTY ALTERNATIVE ENERGY ENERGY OTHER RETAIL SUPERMARKET
SOURCE: Preferred Apartment Communities, Inc.
Copyright Business Wire 2022.
PUB: 05/12/2022 02:03 PM/DISC: 05/12/2022 02:03 PM
http://www.businesswire.com/news/home/20220512005847/en
