 ATLANTA--BUSINESS WIRE--Preferred Apartment Communities, Inc. NYSE: APTS PAC or the Company today announced that on May 28, 2021 it closed on a real estate loan investment of up to approximately 17.0 million in connection with Novare Groups plans to develop Populus at Pooler, a 316-unit, surface parked Class A multifamily community located in the Savannah, Georgia MSA, expected to deliver first units in the fall of 2022. The loan investment has an outside maturity date of May 28, 20 