Funding round
Preferred Apartment Communities Series A
Preferred Apartment Communities, which works in multifamily property ownership and management in Atlanta, raised $1.50B in a Series A round announced on 1 Nov 2018.
$1.50B
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Preferred Apartment Communities did not disclose a valuation in this round. It is Preferred Apartment Communities' first venture round on record, 7 years after it was founded in 2011. No later venture round is on record for Preferred Apartment Communities.
Preferred Apartment Communities' funding rounds
This is the only venture round on record for Preferred Apartment Communities.
- Debt not a venture round 28 Feb 2017 $38M
- Series A this round 1 Nov 2018 $1.50B
- Debt not a venture round 21 Dec 2018 $27M
Comparable rounds
How it compares
6 Series A rounds in Real Estate Rental within a year either side disclosed an amount; the median was $10M, and this round was 150 times the median. The closest in time, other companies' Series A rounds in Real Estate Rental:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Real Estate Rental | 8 Oct 2018 | $10M | not disclosed | GV |
| Real Estate Rental | 11 Dec 2018 | $10M | not disclosed | Highland Capital Partners |
| Real Estate Rental | 1 Mar 2019 | $5.0M | not disclosed | Calin SJG Fund, L.P |
| Real Estate Rental | 18 Sep 2019 | $20M | not disclosed | 3L Growth Equity |
| Real Estate Rental | 12 Jan 2018 | $7.7M | not disclosed | not named |
| Real Estate Rental | 13 Nov 2017 | $11M | not disclosed | Atami Capital |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Preferred Apartment Communities raise in its Series A round?
Preferred Apartment Communities raised $1.50B in its Series A round, announced in Nov 2018.
What was Preferred Apartment Communities' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Real Estate Rental?
6 Series A rounds in Real Estate Rental within a year either side disclosed an amount; the median was $10M, and this round was 150 times the median.