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| Subsidiaries of Preferred Apartment Communities Inc. | |||||
| Subsidiary Name | Jurisdiction of Formation | ||||
| 525 Avalon Park, LLC | Delaware | ||||
| Barclay Crossing, LLC | Delaware | ||||
| Berryessa Lending, LLC | Delaware | ||||
| CDP Duval Two Lending, LLC | Delaware | ||||
| Claiborne Crossing, LLC | Delaware | ||||
| Deltona Landing, LLC | Delaware | ||||
| Main Street Apartment Homes, LLC | Maryland | ||||
| Main Street Baldwin, LLC | Delaware | ||||
| Main Street Stone Creek, LLC | Delaware | ||||
| Neapolitan Way Shopping Center, LLC | Florida | ||||
| New Market – Anderson, LLC | Delaware | ||||
| New Market – Berry, LLC | Delaware | ||||
| New Market Brawley GP, LLC | Delaware | ||||
| New Market – Brawley, LP | Delaware | ||||
| New Market - Castleberry, LLC | Delaware | ||||
| New Market – Champions, LLC | Delaware | ||||
| New Market – Cherokee, LLC | Delaware | ||||
| New Market – Conway, LLC | Delaware | ||||
| New Market - Crossroads, LLC | Delaware | ||||
| New Market – Cumming, LLC | Delaware | ||||
| New Market – Disston, LLC | Delaware | ||||
| New Market – East Gate, LLC | Delaware | ||||
| New Market – Fairfield, LLC | Delaware | ||||
| NMP – C4 Fairfield S/C, LLC | Delaware | ||||
| New Market – Fairview, LLC | Delaware | ||||
| New Market – Free State, LLC | Delaware | ||||
| New Market – Furys Ferry, LLC | Delaware | ||||
| New Market - Gallatin, LLC | Delaware | ||||
| New Market – Gayton, LLC | Delaware | ||||
| New Market – Governors, LLC | Delaware | ||||
| New Market – Hanover GP, LLC | Delaware | ||||
| New Market – Hanover, LP | Delaware | ||||
| New Market Heritage GP, LLC | Delaware | ||||
| New Market – Heritage, LP | Delaware | ||||
| New Market – Hollymead, LLC | Delaware | ||||
| New Market - Irmo, LLC | Delaware | ||||
| New Market Maynard GP, LLC | Delaware | ||||
| New Market - Maynard, LP | Delaware | ||||
| New Market – Midway, LLC | Delaware | ||||
| New Market – Neapolitan, LLC | Florida | ||||
| New Market – Oak Park, LLC | Delaware | ||||
| New Market – Overlook, LLC | Delaware | ||||
| New Market – Parkland, LLC | Delaware | ||||
| New Market – Parkland Outparcel, LLC | Delaware | ||||
| New Market – Plano, LLC | Delaware | ||||
| New Market – Polo Grounds, LLC | Delaware | ||||
| New Market Properties, LLC | Maryland | ||||
| New Market - Rockbridge, LLC | Delaware | ||||
| New Market – Rosewood, LLC | Delaware | ||||
| New Market – Royal Lakes, LLC | Delaware | ||||
| New Market – RW, LLC | Delaware | ||||
| New Market – Sandy Plains, LLC | Delaware | ||||
| New Market – Southgate, LLC | Delaware | ||||
| New Market – Summit Point, LLC | Delaware | ||||
| New Market – Thompson Bridge, LLC | Delaware | ||||
| New Market – University Palms, LLC | Delaware | ||||
| New Market – Victory Village, LLC | Delaware | ||||
| New Market – Wade Green, LLC | Delaware | ||||
| New Market – Wakefield GP, LLC | Delaware | ||||
| New Market – Wakefield, L.P. | Delaware | ||||
| New Market - West Town, LLC | Delaware | ||||
| New Market - Woodmont, LLC | Delaware | ||||
| NMP Kingwood Glen, LLC | Delaware | ||||
| NMP Neapolitan JV Member, LLC | Delaware | ||||
| NMP Nexton Investor, LLC | Delaware | ||||
| C4 Nexton PLX, LLC | Delaware | ||||
| Oxford City Vista Apartments, LLC | Delaware | ||||
| Oxford City Vista Development, LLC | Georgia | ||||
| PAC 5 Oaks, LLC | Delaware | ||||
| PAC Adara, LLC | Delaware | ||||
| PAC Aldridge at Town Village, LLC | Delaware | ||||
| PAC Anson, LLC | Delaware | ||||
| PAC Artisan at Viera, LLC | Delaware | ||||
| PAC Beaver Ruin Lending, LLC | Delaware | ||||
| PAC Blake, LLC | Delaware | ||||
| PAC Operations, LLC (f/k/a PAC Carveout, LLC) | Delaware | ||||
| PAC CDP Davenport Lending, LLC | Delaware | ||||
| PAC Chestnut Farm GP, LLC | Delaware | ||||
| PAC Chestnut Farm, LP | Delaware | ||||
| PAC Citilakes, LLC | Delaware | ||||
| PAC Citrus Village, LLC | Delaware | ||||
| PAC Citypark View, LP | Delaware | ||||
| PAC Citypark View GP, LLC | Delaware | ||||
| PAC City Park View II, LP | Delaware | ||||
| PAC City Vista Apartments, LLC | Delaware | ||||
| PAC Crosstown Walk, LLC | Delaware | ||||
| PAC Cumming Lending, LLC | Delaware | ||||
| PAC Cypress, LLC | Delaware | ||||
| PAC Ellison, LLC | Delaware | ||||
| PAC Finance, LLC | Maryland | ||||
| PAC Founders Village, LLC | Delaware | ||||
| PAC Galleria 75 II, LLC | Delaware | ||||
| PAC Green Park, LLC | Delaware | ||||
| PAC Gwinnett Lending, LLC | Delaware | ||||
| PAC Hanover Apartments GP, LLC | Delaware | ||||
| PAC Hanover Apartments LP | Delaware | ||||
| PAC Hidden River, LLC | Delaware | ||||
| PAC Hidden River Capital Lending II, LLC | Delaware | ||||
| PAC Hidden River Lending II, LLC | Delaware | ||||
| PAC Hudson Lending, LLC | Delaware | ||||
| PAC Kingson, LLC | Delaware | ||||
| PAC Lending, LLC | Delaware | ||||
| PAC Lenox, LLC | Delaware | ||||
| PAC Lenox Regent, LLC | Delaware | ||||
| PAC Lenox Retreat, LLC | Delaware | ||||
| PAC Lenox Village, LLC | Delaware | ||||
| PAC Lirio at Rafina, LLC | Delaware | ||||
| PAC Luxe, LLC | Delaware | ||||
| PAC MBS, LLC | Delaware | ||||
| PAC Menlo, LLC | Delaware | ||||
| PAC Midlothian, LLC | Delaware | ||||
| PAC Naples, LLC | Delaware | ||||
| PAC NC GP, LLC | Delaware | ||||
| PAC Nexton Lending, LLC | Delaware | ||||
| PAC Northpointe, LLC | Delaware | ||||
| PAC Overlook at Crosstown Walk, LLC | Delaware | ||||
| PAC Overton Rise, LLC | Delaware | ||||
| PAC Parkside at the Beach, LLC | Delaware | ||||
| PAC Pooler Capital Lending, LLC | Delaware | ||||
| PAC Pooler Lending, LC | Delaware | ||||
| PAC Presidio, LLC | Delaware | ||||
| PAC Reserve at Summit Crossing, LLC | Delaware | ||||
| PAC Retreat at Greystone, LLC | Delaware | ||||
| PAC Sarasota, LLC | Delaware | ||||
| PAC Sorrel, LLC | Delaware | ||||
| PAC Sorrel II, LLC | Delaware | ||||
| PAC Summit Crossing, LLC | Georgia | ||||
| PAC Summit Crossing II, LLC | Delaware | ||||
| PAC Vestavia, LLC | Delaware | ||||
| PAC Vintage Horizon Lending, LLC | Delaware | ||||
| PAC Vintage Jones Franklin Lending, LLC | Delaware | ||||
| PAC Wiregrass Ranch, LLC | Delaware | ||||
| PACOP Special Member, Inc. | Delaware | ||||
| Parkway Centre, LLC | Delaware | ||||
| Parkway Town Centre, LLC | Delaware | ||||
| POP 3 Ravinia, LLC | Delaware | ||||
| POP Brevard Street GP, LLC | Delaware | ||||
| POP Brevard Street LP | Delaware | ||||
| POP Carveout, LLC | Delaware | ||||
| POP Westridge, LLC | Delaware | ||||
| Powder Springs-Macland Retail, LLC | Delaware | ||||
| Preferred Apartment Advisors, LLC | Delaware | ||||
| Preferred Apartment Communities Operating Partnership, L.P. | Delaware | ||||
| Preferred Office Properties, LLC | Maryland | ||||
| Salem Cove, LLC | Delaware | ||||
| SE Grocery LLC | Delaware | ||||
| Spring Hill Plaza, LLC | Delaware | ||||
| Stone Rise Apartments, LLC | Delaware | ||||
| Sunbelt Retail, LLC | Delaware | ||||
| Sweetgrass Corner, LLC | Delaware | ||||
| Woodstock Crossing Center, LLC | Georgia | ||||