Exhibit 21
Subsidiaries of Preferred Apartment Communities, Inc.
| Name | Jurisdiction of Formation |
| 13th Street Lending, LLC | Georgia |
| Ashford Park, LLC | Delaware |
| Aster Lely Mezzanine Lending, LLC | Georgia |
| City Vista Mezzanine Lending, LLC | Delaware |
| City Park Mezzanine Lending, LLC | Delaware |
| Charles Hight Square Mezzanine Lending, LLC | Georgia |
| GP Office Mezzanine Lending, LLC | Georgia |
| Haven West Mezzanine Lending, LLC | Georgia |
| Iris Crosstown Mezzanine Lending, LLC | Delaware |
| Irvine Mezzanine Lending, LLC | Georgia |
| Lake Cameron, LLC | Delaware |
| Manassas Mezzanine Lending, LLC | Georgia |
| New Town Mezzanine Lending, LLC | Georgia |
| Newport Overton Mezzanine Lending, LLC | Georgia |
| PAC Summit Crossing, LLC | Georgia |
| PAC Summit Crossing II, LLC | Delaware |
| PACOP Special Member, Inc. | Delaware |
| Preferred Apartment Communities Operating Partnership, L.P. | Delaware |
| Starkville Mezzanine Lending, LLC | Georgia |
| Stone Rise Apartments, LLC | Delaware |
| Summit Crossing Mezzanine Lending LLC | Georgia |
| Trail Creek Apartments, LLC | Delaware |
| Trail Creek Mezzanine Lending, LLC | Delaware |
| WAM McNeil Ranch, LLC | Delaware |
| Woodstock Crossing Center, LLC | Georgia |