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John Cannon Biography and Net Worth

Director of Preferred Apartment Communities

John M. Cannon is one of our independent directors. Mr. Cannon has served as Executive Vice President of Community Preservation Corporation ("CPC"), a non-profit corporation, where his primary responsibility is serving as President of CPC’s lending subsidiary, CPC Mortgage Company LLC, a full service business line with national licenses across its Freddie Mac, Fannie Mae, and the Federal Housing Authority’s ("FHA") suite of products. From June 2019 to December 2019, Mr. Cannon served as a consultant to Arbor Realty Trust, where he provided strategic advice to executive management on government-sponsored enterprise ("GSE") reform, origination activities and mortgage banker recruitment. Mr. Cannon served as Senior Vice President of Freddie Mac in New York from 2012 to 2019 where he built and managed a highly successful team, and was responsible for overall multifamily origination volume, and production strategy. During his tenure at Freddie Mac he oversaw annual production that grew from $28 billion in 2012 to more than $75 billion in 2019. From 1984 to 2011, Mr. Cannon held senior leadership positions at Berkadia Commercial Mortgage LLC ("Berkadia") and various affiliated and predecessor entities including Capmark and GMAC Commercial Mortgage, primarily coordinating and leading originations of conventional and Housing and Urban Development product lines. Mr. Cannon received his undergraduate degree in International Affairs from Lafayette College in 1984 and a Masters of Science from Drexel University in 1990.

What is John M. Cannon's net worth?: The estimated net worth of John M. Cannon is at least $90,500.00 as of May 14th, 2020. Mr. Cannon owns 3,620 shares of Preferred Apartment Communities stock worth more than $90,500 as of May 8th. This net worth approximation does not reflect any other assets that Mr. Cannon may own. Learn More about John M. Cannon's net worth.
How do I contact John M. Cannon?: The corporate mailing address for Mr. Cannon and other Preferred Apartment Communities executives is 3284 NORTHSIDE PARKWAY NW SUITE 150, ATLANTA GA, 30327. Preferred Apartment Communities can also be reached via phone at (770) 818-4100 and via email at [email protected]. Learn More on John M. Cannon's contact information.
Has John M. Cannon been buying or selling shares of Preferred Apartment Communities?: John M. Cannon has not been actively trading shares of Preferred Apartment Communities in the last ninety days. Most recently, on Friday, November 12th, John M. Cannon bought 705 shares of Preferred Apartment Communities stock. The stock was acquired at an average cost of $14.17 per share, with a total value of $9,989.85. Learn More on John M. Cannon's trading history.
Who are Preferred Apartment Communities' active insiders?: Preferred Apartment Communities' insider roster includes John Cannon (Director), Sara Finley (Director), John Isakson (CFO & Exec. VP ), Joel Murphy (Chairman), Jeffrey Sherman (Insider), and Jeffrey Sprain (Insider). Learn More on Preferred Apartment Communities' active insiders.

John M. Cannon Insider Trading History at Preferred Apartment Communities

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
11/12/2021	Buy	705	$14.17	$9,989.85
8/16/2021	Buy	2,125	$11.69	$24,841.25	30,170
5/14/2020	Buy	3,620	$6.30	$22,806.00	3,620

John M. Cannon Buying and Selling Activity at Preferred Apartment Communities

Preferred Apartment Communities Company Overview

Preferred Apartment Communities, Inc. (NYSE: APTS) is a real estate investment trust engaged primarily in the ownership and operation of Class A multifamily properties, with select investments in grocery anchored shopping centers, Class A office buildings, and student housing properties. Preferred Apartment Communities' investment objective is to generate attractive, stable returns for stockholders by investing in income-producing properties and acquiring or originating real estate loans for multifamily properties. As of September 30, 2020, the Company owned or was invested in 125 properties in 15 states, predominantly in the Southeast region of the United States.

Today's Range

Now: $25.00

$24.98

$25.00

50 Day Range

MA: $24.95

$24.81

$25.00

2 Week Range

Now: $25.00

$9.64

$25.80

Volume

1,617,237 shs

Average Volume

1,925,823 shs

Market Capitalization

$1.61 billion

P/E Ratio

N/A

Dividend Yield

2.80%

Beta

0.94