0001481832-15-000003 Sample Contracts

FIFTH AMENDED AND RESTATED MANAGEMENT AGREEMENT among Preferred Apartment Communities, Inc., Preferred Apartment Communities Operating Partnership, L.P. and Preferred Apartment Advisors, LLC Effective as of January 1, 2015

Management Agreement • January 2nd, 2015 • Preferred Apartment Communities Inc • Real estate investment trusts • Delaware

• Contract Type
  Management Agreement
• Filed
  January 2nd, 2015
• Company
  Preferred Apartment Communities Inc
• Industry
  Real estate investment trusts
• Jurisdiction
  Delaware

This FIFTH AMENDED AND RESTATED MANAGEMENT AGREEMENT effective as of January 1, 2015 is entered into as of December 31, 2014, among Preferred Apartment Communities, Inc., a Maryland corporation (“PAC”), Preferred Apartment Communities Operating Partnership, L.P., a Delaware limited partnership (the “Operating Partnership”), and Preferred Apartment Advisors, LLC, a Delaware limited liability company (the “Manager”).