 ATLANTA--BUSINESS WIRE--Preferred Apartment Communities, Inc. NYSE: APTS PAC or the Company today announced that on October 14, 2021 it closed on a real estate loan investment of up to approximately 16.6 million in connection with Catalyst Development Partners plans to develop Menlo II, a 337-unit, mid-rise, surface parked, Class A multifamily community located in Jacksonville, Florida. Delivery of first units is expected in Spring 2023. The real estate loan investment has an outsid 