AUSTIN, Texas--(BUSINESS WIRE)--

American Campus Communities (NYSE:ACC), the nation’s largest developer, owner and manager of high-quality student housing, today announced that the company’s highly acclaimed The Summit at University City received the National Association of Home Builders’ 2017 Multifamily Pillars of the Industry Award for Best Student Housing Rental Apartment Community. ACC projects were also recognized as finalists for Best Example of Green Building Concepts, Best Student Housing Rental Apartment Community and Best Mixed-Use Community.

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The Summit at University City, Best Student Housing Rental Apartment Community, NAHB 2017 Pillars of the Industry Awards (Photo: Business Wire)

American Campus Communities has been recognized at NAHB’s Pillars of the Industry Awards on 28 occasions since 2005, 14 of which are first place awards, including the Multifamily Development Firm of the Year in 2013.

“This honor kicks off a special year for American Campus Communities, as we are celebrating our 25^th anniversary in 2018,” said Bill Bayless, ACC CEO. “We’re proud to have been recognized by the National Association of Home Builders, and look forward to continuing to drive innovation in the student housing industry.”

ACC’s individual awards are:

• Best Student Housing Rental Apartment Community: The Summit at University City, Philadelphia, PA – The Summit at University City is an on-campus community serving Drexel University students, and the third phase in the Drexel-ACC public-private partnership delivered in the fall of 2015. The community houses 1,315 residents and provides an Urban Eatery for residents and the surrounding neighborhood. The Summit has also received accolades from Philadelphia’s Business Journal as 2015 Best Real Estate Deals and 2016 Student Housing Business Innovator Award for Best Implementation of Mixed-Used.
• Best Mixed-Use Community – Finalist: The Summit at University City
• Best Student Housing Rental Apartment Community – Finalist: U Club on 28^th, Boulder, CO – U Club on 28^th is a modern, 398-bed, off-campus student community, developed in 2016.
• Best Example of Green Building Concepts – Finalist: Fairview House, Butler University – A LEED^® Silver community, Fairview House is an on-campus, modern student housing community serving more than 630 residents.

The NAHB Multifamily Pillars of the Industry Awards program is held annually, highlighting creativity and innovation in the apartment and condo marketplace. This year’s awards program was held on January 9 at the NAHB International Builders’ Show in Orlando, FL.

About American Campus Communities

American Campus Communities, Inc. is the largest owner, manager and developer of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties. As of September 30, 2017, American Campus Communities, Inc. owned 166 student housing properties containing approximately 102,500 beds. Including its owned and third-party managed properties, ACC's total managed portfolio consisted of 204 properties with approximately 131,300 beds. Visit www.americancampus.com.

About National Association of Home Builders

The National Association of Home Builders is a Washington-based trade association representing more than 140,000 members involved in home building, remodeling, multifamily construction, property management, subcontracting, design, housing finance, building product manufacturing and other aspects of residential and light commercial construction. NAHB is affiliated with 700 state and local home builders associations around the country.

Forward-Looking Statements

In addition to historical information, this press release contains forward-looking statements under the applicable federal securities law. These statements are based on management’s current expectations and assumptions regarding markets in which American Campus Communities, Inc. operates, operational strategies, anticipated events and trends, the economy, and other future conditions. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict.

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