Insider Trades - CRONIN MICHAEL JOSEPH

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CRONIN MICHAEL JOSEPH: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
Preferred Apartment Communities Officer AMEX:APTS (historical quotes, other insiders)	31-Dec-12	18,987	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
31-Dec-12 16,487 APTS Acquisition (Non Open Market)
18-Nov-11 1,070 APTS Purchase at $6.25 per share.
(Cost of $6,687)
17-Nov-11 1,430 APTS Purchase at $6.19 per share.
(Cost of $8,851)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
31-Dec-12	16,487	APTS	Acquisition (Non Open Market)
18-Nov-11	1,070	APTS	Purchase at $6.25 per share. (Cost of $6,687)
17-Nov-11	1,430	APTS	Purchase at $6.19 per share. (Cost of $8,851)