8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 2, 2012

Preferred Apartment Communities, Inc.

(Exact Name of Registrant as Specified in its Charter)

Maryland	001-34995	27-1712193
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

3625 Cumberland Boulevard, Suite 400, Atlanta, Georgia	30,339
(Address of Principal Executive Offices)	(Zip Code)

Registrant's telephone number, including area code: (770) 818-4100

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

On August 2, 2012, the Company issued a press release announcing its Board of Directors had increased its quarterly dividend. The full text of the press release is attached as Exhibit 99 to this current report on Form 8-K.

This information, including the exhibit attached hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. This information, including the exhibit, shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any incorporation by reference language in any of those filings. This current report on Form 8-K will not be deemed an admission as to the materiality of any information furnished under this item in this current report on Form 8-K that is required to be disclosed solely by Regulation FD.

Item 9.01Financial Statements and Exhibits.

(d)        Exhibits.

99 Press Release dated August 2, 2012

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	PREFERRED APARTMENT COMMUNITIES, INC. (Registrant)
Date: August 2, 2012	By:	/s/ John A. Williams
		John A. Williams
		President and Chief Executive Officer

EXHIBIT INDEX

99 Press Release dated August 2, 2012

EX-99.1

Preferred Apartment Communities, Inc. Increases Quarterly Common Stock Dividend and Announces Monthly Preferred Stock Dividend

Atlanta, GA, August 2, 2012

Preferred Apartment Communities, Inc. (NYSE MKT: APTS), or the Company, today announced that its Board of Directors has declared a quarterly dividend on its common stock of $0.14 per share for the third quarter 2012, an increase of approximately 7.7% from the prior quarterly dividend rate of $0.13 per share paid to common stockholders for the first two quarters of 2012. The dividend is payable on October 15, 2012 to all common stockholders of record as of September 28, 2012.

The Company also announced today that its Board of Directors declared the following monthly dividends for August 2012 on its Series A Redeemable Preferred Stock, payable September 20, 2012 to applicable preferred stockholders of record as of August 31, 2012:

CUSIP #	Dividend Per Share
74039L 202	$5.00(1)
74039L 301	$5.00(1)
74039L 400	$5.00(1)
74039L 707	$5.00(1)
74039L 806	$7.50(2)
74039L 889	5/17/2003

⁽¹⁾  This dividend represents $5.00 per share for the full monthly period in August 2012.

⁽²⁾  This dividend represents $5.00 per share for the full monthly period in August 2012 and $2.50 per share for the period beginning on the original issue date of the shares on July 17, 2012 and ending on July 31, 2012.

⁽³⁾  This dividend represents $5.00 per share for the full monthly period in August 2012 and $0.17 per share for the day of initial issuance of the shares on July 31 30, 2012.

About Preferred Apartment Communities, Inc.

Preferred Apartment Communities, Inc. is a Maryland corporation formed primarily to acquire and operate multifamily properties in select targeted markets throughout the United States. As part of our property acquisition strategy, we may enter into forward purchase contracts or purchase options for to-be-built multifamily communities and we may make mezzanine loans, provide deposit arrangements, or provide performance assurances, as may be necessary or appropriate, in connection with the construction of these properties. As a secondary strategy, we also may acquire senior mortgage loans, subordinate loans or mezzanine debt secured by interests in multifamily properties, membership or partnership interests in multifamily properties and other multifamily related assets and invest not more than 10% of our total assets in other real estate related investments, as determined by our manager as appropriate for us. Preferred Apartment Communities, Inc. has elected to be taxed as a real estate investment trust, or REIT, under the Internal Revenue Code of 1986, as amended.

SOURCE: Preferred Apartment Communities, Inc.

Preferred Apartment Communities, Inc.

Leonard A. Silverstein 770-818-4147

Executive Vice President

Email: lsilverstein@pacapts.com