Press Release: Preferred Apartment Communities : Preferred Apartment Communities, Inc. Announces Proxy Advisory Firms ISS, Glass Lewis and Egan-Jones All Recommend Stockholders Vote "FOR" Proposed Acquisition by Blackstone Real Estate Income Trust, Inc.

ATLANTA--(BUSINESS WIRE)--Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC") today announced that independent proxy advisory firm Egan-Jones Proxy Services has recommended that PAC stockholders vote "FOR" the previously announced all-cash acquisition of PAC by Blackstone Real Estate Income Trust, Inc. ("BREIT") at PAC's Special Meeting of Stockholders (the "Special Meeting") scheduled to reconvene on June 17, 2022 at 11:00 a.m., Eastern Time. Independent proxy advisory firms Institution