Exhibit 21
Subsidiaries of Preferred Apartment Communities, Inc.
| Name | Jurisdiction of Formation |
| 360 Irvine Lending, LLC | Delaware |
| Ashford Park, LLC | Delaware |
| Barclay Crossing, LLC | Delaware |
| City Park Mezzanine Lending, LLC | Delaware |
| City Park II Capital Lending, LLC | Delaware |
| City Vista Mezzanine Lending, LLC | Delaware |
| Crescent Ave Lending, LLC | Delaware |
| Deltona Landing, LLC | Delaware |
| Encore Capital Lending, LLC | Delaware |
| Haven Fayetteville Lending, LLC | Delaware |
| Haven Northgate Lending, LLC | Delaware |
| Haven Lubbock Lending, LLC | Delaware |
| Haven Lubbock II Lending, LLC | Delaware |
| Haven Tampa Lending, LLC | Delaware |
| Haven Waco Lending, LLC | Delaware |
| Haven West Mezzanine Lending, LLC | Georgia |
| Hidden River Capital Lending, LLC | Delaware |
| Iris Crosstown Mezzanine Lending, LLC | Delaware |
| Irvine Mezzanine Lending, LLC | Georgia |
| Kennesaw Mezzanine Lending, LLC | Georgia |
| Lake Cameron, LLC | Delaware |
| Madison Wade Green Lending, LLC | Delaware |
| Main Street Apartment Homes, LLC | Maryland |
| Main Street Baldwin, LLC | Delaware |
| Main Street Stone Creek, LLC | Delaware |
| Manassas Mezzanine Lending, LLC | Georgia |
| New Market – Overlook, LLC | Delaware |
| New Market Plano, LLC | Delaware |
| New Market Properties, LLC | Maryland |
| New Market-Royal Lakes, LLC | Delaware |
| New Market- Summit Point, LLC | Delaware |
| New Market – Victory Village, LLC | Delaware |
| New Market – Wade Green, LLC | Delaware |
| New Town Mezzanine Lending, LLC | Georgia |
| Newport Bishop Lending, LLC | Delaware |
| Newport Kennesaw Mezzanine Lending, LLC | Delaware |
| Newport Overton Mezzanine Lending, LLC | Georgia |
| NMP Kingwood Glen, LLC | Delaware |
| Oxford Encore Lending, LLC | Georgia |
| Oxford Hidden River Lending, LLC | Delaware |
| Oxford Overture Lending, LLC | Delaware |
| PAC Carveout, LLC | Delaware |
| PAC Citilakes, LLC | Delaware |
| PAC Citypark View, LLC | Delaware |
| PAC Creekside, LLC | Delaware |
| PAC Crosstown Walk, LLC | Delaware |
| PAC Cypress, LLC | Delaware |
| PAC Enclave at Vista Ridge, LLC | Delaware |
| PAC Dawson Lending, LLC | Delaware |
| PAC Lending, LLC | Delaware |
| PAC Lenox, LLC | Delaware |
| PAC Lenox Regent, LLC | Delaware |
| PAC Lenox Retreat, LLC | Delaware |
| PAC Lenox Village, LLC | Delaware |
| PAC Naples, LLC | Delaware |
| PAC Overton Rise, LLC | Delaware |
| PAC Northpointe, LLC | Delaware |
| PAC Sarasota, LLC | Delaware |
| PAC Summit Crossing, LLC | Georgia |
| PAC Summit Crossing II, LLC | Delaware |
| PAC Vineyards, LLC | Delaware |
| PACOP Special Member, Inc. | Delaware |
| Parkway Centre, LLC | Delaware |
| Parkway Town Centre, LLC | Delaware |
| PCC Tallahassee, LLC | Delaware |
| Powder Springs-Macland Retail, LLC | Delaware |
| Preferred Apartment Communities Operating Partnership, L.P. | Delaware |
| Preferred Campus Communities, LLC | Maryland |
| Salem Cove, LLC | Delaware |
| Sandstone Creek, LLC | Delaware |
| Spring Hill Plaza, LLC | Delaware |
| Starkville Mezzanine Lending, LLC | Georgia |
| Stoneridge Farms Hunt Club, LLC | Delaware |
| Stone Rise Apartments, LLC | Delaware |
| Summit Crossing III Mezzanine Lending, LLC | Delaware |
| Sunbelt Retail, LLC | Delaware |
| Sweetgrass Corner, LLC | Delaware |
| Trail Creek Apartments, LLC | Delaware |
| WAM McNeil Ranch, LLC | Delaware |
| Weems Mezzanine Lending, LLC | Delaware |
| Woodstock Crossing Center, LLC | Georgia |