AUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities (ACC), the nation’s largest student housing manager, owner and developer has announced the promotion of Kim Voss to Chief Financial Officer (CFO). This press release features multimedia. View the full release here: (Photo: Business Wire) Voss joined the company in 2004 as ACC’s first SEC Reporting Manager to lead financial operations through its initial public offering and transition to a publicly traded company. Throughout her 18-year tenure, she has led the company’s accounting and financial reporting functions including SEC report...
AUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that, at the concluded special meeting of stockholders held today, its stockholders approved the acquisition of the company by Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc., alongside Blackstone Property Partners L.P. The company will provide final vote results for the special meeting, as certified by the independent Inspector of Election, o...
AUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that Glass, Lewis & Co., another leading independent proxy advisory firm, has joined Institutional Shareholder Services Inc. (“ISS”), in recommending that stockholders vote “FOR” the previously announced all-cash acquisition of the company by Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc. (“BREIT”), alongside Blackstone Property Partners L.P. ...
AUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYSE:ACC) today announced the following financial results for the quarter ended June 30, 2022. Highlights Reported net income attributable to ACC of $4.4 million or $0.03 per fully diluted share, versus net loss of $9.4 million or $0.07 per fully diluted share in the second quarter 2021. As previously announced, during the quarter the company entered into a definitive agreement under which Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc. (“BREIT”), alongside Bl...
AUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that a leading independent proxy advisory firm, Institutional Shareholder Services Inc. (“ISS”), has recommended that stockholders vote “FOR” the previously announced all-cash acquisition of the company by Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc. (“BREIT”), alongside Blackstone Property Partners L.P. (“BPP”), at the company’s upcoming Sp...
AUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that the company will report financial results for the second quarter after the market close on Monday, July 25, 2022. The press release will be available in the Investor Relations section of the company’s website. In light of the previously announced pending transaction between the company and Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc., ...
A director at American Campus Communities Inc gave away/sold 31,999 shares at 0.000USD and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over t...
Silvergate Capital (SI) has built a robust banking network for the cryptocurrency industry, driving massive growth and network effects in the process. Uniform Accounting highlights that the market is missing Silvergate's value proposition and profitability and growth potential, indicating equity upside. Silvergate Capital was an early partner to the cryptocurrency industry, building its network as early as 2013. Over the last decade, the business has created massive network effects within the i...
American Campus Communities (ACC) currently trades at a premium relative to Uniform assets, with a 2.0x Uniform P/B (V/A'). At these levels, markets are pricing in expectations for Uniform ROA to expand to 7%, accompanied by 3% Uniform asset growth. However, analysts expect Uniform ROA to improve to only 4% in 2023, accompanied by 4% Uniform asset shrinkage. If sustained going forward, these levels would imply a stock price closer to $5, representing significant potential equity downside for ...
AUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYSE:ACC) today announced the following financial results for the quarter ended March 31, 2022. Highlights Reported net income attributable to ACC of $39.2 million or $0.27 per fully diluted share, versus $15.6 million or $0.11 per fully diluted share in the first quarter 2021. As previously announced on April 19, 2022, the company entered into a definitive agreement under which Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc. (“BREIT”), alongside Blackstone Pro...
AUSTIN, Texas & NEW YORK--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYSE: ACC) (“ACC” or the “Company”), the largest developer, owner and manager of high-quality student housing communities in the United States, today announced that it has entered into a definitive agreement under which Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc. (“BREIT”), alongside Blackstone Property Partners (“BPP”), will acquire all outstanding shares of common stock of ACC for $65.47 per fully diluted share in an all-cash transaction valued at a...
AUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYSE: ACC), the nation’s largest owner, manager and developer of student housing communities, announces that it has been named to in the overall Real Estate category. This press release features multimedia. View the full release here: As one of only 13 real estate-related companies on the list, ACC earned the number two spot on this prestigious new ranking based on a holistic approach to evaluating trust that took into consideration the three main touchpoints of customer, investor and employee trust. It is presented by Newsw...
AUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities (NYSE: ACC) is proud to be certified by Great Place to Work® for the third year. The prestigious award is based entirely on what current employees say about their experience working at American Campus Communities, the nation’s largest owner, manager and developer of high-quality student housing properties. This year, 92 percent of employees said it’s a great place to work – 35 points higher than the average U.S. company. This press release features multimedia. View the full release here: American Campus Communities team volunteers wi...
AUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that the company will report financial results for the first quarter after the market close on Monday, April 25, 2022. The company will host its quarterly earnings conference call for investors and other interested parties on Tuesday, April 26, 2022 at 10 a.m. Eastern Time (ET). The press release will be available in the Investor Relations section of the company’s website. The conference call may be acce...
AUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYSE:ACC) today announced the following financial results for the quarter and year ended December 31, 2021. Highlights Fourth Quarter 2021 Reported net income attributable to ACC of $40.7 million or $0.29 per fully diluted share versus $24.8 million or $0.18 per fully diluted share in the fourth quarter 2020. Increased FFOM per fully diluted share by 27.1 percent to $0.75 or $105.4 million versus $81.8 million or $0.59 in the prior year quarter. Grew same store net operating income (NOI) by 14.8 percent over the fourth...
AUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYSE: ACC) (“ACC” or the “Company”) today issued the following statement: Over the past 15 months, ACC has made every attempt to maintain a constructive dialogue with Land & Buildings, as the Company does with all of its shareholders. One year ago, ACC entered into a settlement agreement with Land & Buildings and appointed three new independent directors, elected a new Board Chair and formed a Capital Allocation Committee chaired by Craig Leupold, former CEO of Green Street Advisors, who was appointed as part of the agreement...
AUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYSE: ACC), the nation’s largest owner and manager of high-quality student housing properties in the U.S., announced that on January 24, 2022 its Board of Directors declared a regular quarterly dividend of $0.47 per share of common stock, payable on February 25, 2022, to shareholders of record at the close of business on February 4, 2022. 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...
AUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYSE: ACC), the nation’s largest owner and manager of high-quality student housing properties in the U.S., today announced that the company has formed a joint venture for the ownership of its existing eight-property Arizona State University (ASU) student housing portfolio. Harrison Street, as part of its social infrastructure platform, acquired a 45 percent interest in the joint venture, with the company owning the majority 55 percent interest. The transaction is structured with a two-stage closing. The first stage closed on D...
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