AMENDMENT NO. 1 TO THE FIFTH AMENDED AND RESTATED MANAGEMENT AGREEMENTManagement Agreement • February 22nd, 2016 • Preferred Apartment Communities Inc • Real estate investment trusts • Delaware
This Amendment No. 1 (the "Amendment") to the Fifth Amended and Restated Management Agreement effective as of January 1, 2015 (the "Management Agreement"), among Preferred Apartment Communities, Inc., a Maryland corporation (the "Company"), Preferred Apartment Communities Operating Partnership, L.P., a Delaware limited partnership ("PACOP"), and Preferred Apartment Advisors, LLC, a Delaware limited liability company (the "Manager"), is entered into as of February 22, 2016 ("Execution Date") effective as of January 1, 2016 (the "Effective Date"). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Management Agreement.
