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 received the National Association of Home Builders’ 2016 Multifamily Pillars of the Industry Award for the Best Repositioning of a Multifamily Asset for The Castilian in Austin, TX. The company was also recognized as one of two finalists for the Multifamily Development Firm of the Year, as well as a finalist for Best Corporate Website and Best Student Housing Rental Apartment Community. The faculty housing community developed and owned by ACC on the campus of Princeton University also won the award for Best Workforce Housing Community.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170119006054/en/
Merwick Stanworth, Princeton University (Photo: Business Wire)
American Campus Communities has been recognized at NAHB’s Pillars of the Industry Awards on 24 occasions since 2005, 13 of which are first place awards, including the Multifamily Development Firm of the Year in 2013.
“We are honored to have been recognized once again at this year’s Pillars of the Industry Awards,” said William Talbot, ACC chief investment officer. “We are passionate about creating communities Where students love living, and it’s exciting to see our successful redevelopment of the Castilian honored among all multi-family housing by the reputable National Association of Home Builders.”
ACC’s individual awards are:
- Best Repositioning of a Multifamily Asset: The Castilian, Austin, TX – American Campus Communities renovated this aging campus icon, located across the street from the heart of The University of Texas campus, into a modern, high-quality student housing community.
- Multifamily Development Firm of the Year – Finalist
- Best Corporate Website – Finalist
- Best Student Housing Rental Apartment Community – Finalist: Plaza on University, Orlando, FL – The Plaza on University is a 1,313-bed, off-campus, mixed-use student housing community located directly across from the main entrance to the University of Central Florida.
- Best Workforce Housing Community: Merwick Stanworth, Princeton University – This faculty and staff community was developed in partnership with the University under an equity transaction structure called ACE (American Campus Equity®) and is LEED® Gold certified.
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 10 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, 2016, American Campus Communities owned 170 student housing properties containing approximately 105,300 beds. Including its owned and third-party managed properties, ACC's total managed portfolio consisted of 205 properties with approximately 133,600 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170119006054/en/
