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American Campus Communities, Inc.

American Campus Communities, Inc.

Sector: Real Estate Investment Trusts Region: TX, United States


: | New York Stock Exchange: ACC


Similar to: Canadian Apartment Properties Real Estate Investment Trust, Monmouth Real Estate Investment Corp., W. P. Carey Inc.

American Campus Communities, Inc. operates as a real estate investment trust that owns, manages and develops a high quality student housing properties in the United States in terms of beds owned and under management. The company a fully integrated, self-managed and self-administered equity real estate investment trust with expertise in the acquisition, design, financing, development, construction management, leasing and management of student housing properties. It operates through four reportable segments: Wholly-Owned Properties, On-Campus Participating Properties, Development Services and Property Management Services. The Wholly-Owned Properties segment consists of off campus properties close proximity to colleges and universities and American Campus Equity owned properties. The On-Campus Participating Properties segment includes four on-campus properties owned by one of its taxable REIT subsidiaries ('TRSs') that are operated under long-term ground/facility leases with two university systems. The Development Services segment provides development and construction management services through one of its TRSs for third-party owners. The Property Management Services segment, conducted by its TRSs includes revenues generated from third-party management contracts in which are typically responsible for all aspects of operations including marketing, leasing administration, facilities maintenance, business administration, accounts payable, accounts receivable, financial reporting, capital projects, and residence life student development. The company was founded by William C. Bayless in 1993 and is headquartered in Austin, TX.

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