 ATLANTA--BUSINESS WIRE--Preferred Apartment Communities, Inc. NYSE: APTS PAC or the Company closed today on its previously announced disposition of two office properties, Armour Yards and 251 Armour Yards the Armour Yards Portfolio, to Northwood Investors for an aggregate purchase price of 79.5 million, which will result in net proceeds at closing of approximately 31.1 million, after the satisfaction of approximately 48.4 million of property level debt and other closing adjustm 