There is an attached document. Please read the case and analyze. All the information you will need is provided in the attachment.

MGMT 2600 Case Assignment Fall 2017 Dr. Gandevani Class: Preferred Apartment Communities, Inc. is a publicly-traded REIT (Real Estate Investment Trust.) The Company was formed primarily to acquire and operate multifamily properties in select targeted markets throughout the United States. As a secondary strategy, the Company also may acquire or originate senior mortgage loans, subordinate loans or real estate loan investments secured by interests in multifamily properties, membership or partnership interests in multifamily properties and other multifamily related assets and invest a lesser portion of its assets in other real estate related investments, including other income-producing property types, senior mortgage loans, subordinate loans or real estate loan investments secured by interests in other income-producing property types. The Company uses a variety of sources of long-term capital including common stock, redeemable preferred stock units and limited partnership interests. The preferred stock is sold as units consisting of a share of the preferred stock and a warrant to purchase 20 shares of the Company's common shares exercisable over a four year period. There is no secondary market for the preferred stock units. As an investment analyst you need to determine whether the preferred units are attractive by analyzing the health of Preferred Apartment Communities. Your analysis should include an examination of the financial statements and the business environment in which the Company operates. Additionally, through a comprehensive analysis of the various financial and other ratios you should decide if the preferred units are an attractive addition to your investment portfolio. Support for your analysis should be no more than 8 double-spaced pages and include outside references using AP-style in-text and end-text citations (references.) In particular, your analysis should include the following items: 1. Analyze each company's liquidity, asset management, debt management, profitability and stock valuation ratios. Calculate at least three ratios for each of the categories. 2. Analyze your findings and use the ratios to compare and contrast the company's liquidity, debt management, and profitability. 3. Decide if the preferred units are an attractive addition to your investment portfolio. Explain and justify your decision. Some useful information is provided bellow as a reference point for your analysis. Good luck to you all! Dr. Gandevani http://pacofferings.com/wp-content/uploads/2017/05/PreferredApartmentCommunities-10-K-12312016-Final.pdf http://pacofferings.com/wpcontent/uploads/2017/05/105411_Annual-Report.pdf http://pacofferings.com/wpcontent/uploads/2017/05/105411_Annual-Report.pdf http://pacofferings.com/wpcontent/uploads/ 2017/08/2Q17_Earnings_and_Supplemental_Data.pdf Rubric for the Case Assignment Topics Excellent Good Needs improvement scores Calculate at least three ratios for the company's liquidity, asset management, debt management, profitability and stock valuation ratios. Calculated at least three ratios for liquidity, asset management, debt management, profitability and stock valuation ratios. 21-30 Calculated less than three ratios for liquidity, asset management, debt management, profitability and stock valuation ratios. 11-20 Calculated one or none ratio for liquidity, asset management, debt management, profitability and stock valuation ratios. 0-10 Analyze the ratios to compare and contrast the company's liquidity, debt management, and profitability with its competitors and industry. Analyzed the ratios to compare and contrast the company's liquidity, debt management, and profitability with its competitors and industry. 16-25 Analyzed some of the ratios to compare and contrast the company's liquidity, debt management, and profitability with its competitors and industry. 6-15 Did not analyze 25 satisfactorily the ratios to compare and contrast the company's liquidity, debt management, and profitability with its competitors and industry. 0-5 30 Decide if the preferred units are an attractive addition to your investment portfolio. Explain and justify your decision. Provided a convincing analysis for investment decision. 4-5 Did not provide a convincing analysis for investment decision. 2-3 Lacked any logic for investment decision. 0-1 Research More than 3 valid scholarly and highly reliable sources 3-5 Less than 3 valid scholarly and highly reliable sources One or none valid 5 scholarly and highly reliable sources. 0 APA style and citations Proper APA, 6th edition intext and endtext citations. 35 Paper has less than 3 errors for APA, 6th edition in-text and end-text citations. 1-2 Paper has more than 5 3 errors for APA, 6th edition in-text and end-text citations. 0 Structure and grammar Paper written in clear, graduate level writing with no grammar or spelling errors. It has a proper cover page, table of contents, executive summary, headings and subheadings, conclusion. 3-5 Paper written in clear, graduate level writing with some grammar or spelling errors. It's not organized properly to include a cover page, table of contents, executive summary, headings and subheadings, conclusion. 1-2 Paper is not written in clear, graduate level writing. It has more than five grammar and/or spelling errors. It's not organized properly to include a cover page, table of contents, executive summary, headings and subheadings, conclusion. 0 Total 5 1-2 5 75