pan>)--American Campus Communities

pan>)--American Campus Communities, Inc. (London stock exchange:ACC), the largest owner, manager
as well as developer of high-quality student housing properties in the U.S.,
today announced the completion of your previously announced acquisition
of Campus Acquisitions 15 college student housing properties with 6,579 beds
for a purchase price of $627.0 million. The acquisition thing to consider
consists of the assumption of approximately $231.2million of
outstanding mortgage credit debt, the issuance of 325,098 Operating Joint venture
units valued at $46.14 per unit, and approximately $380.In search of million in
cash.
“Most of these assets exemplify our purchase criteria of differentiated
solutions in close proximity to campus in submarkets with good barriers
to entry”
These assets exemplify our investment criteria of differentiated
products close to campus in submarkets with high obstacles
to entry, said Monthly bill Bayless,Nike Shox Clearance, American Campus CEO. Using the
implementation of our operating platform across the portfolio, we should
obtain operational efficiencies and upside, synergies within the seven
markets the place we have existing properties, and meaningful accretion in
investment value.
American Campus believes these assets represent among the best product
in their respective areas with a combined distance to help campus of 0.Twenty-three
miles. Eleven properties come in seven existing American College campus
markets, with the remaining some located in four new level one markets
including Baylor School, University of Southern California, Iowa
State University, and Purdue University. In addition to implementing the
organizations proprietary operating platform throughout the portfolio, the
company anticipates trading $13.7 million in investment improvements to
drive upcoming rental rate and revenue growth. The projected year-one limitation
rate is 5.9 percent minimal (inclusive of upfront capital changes)
and 5.6 percent global financial (inclusive of the assumed $200 a bed capital
reserves, advance capital improvements, loan forecasts costs, and
transaction bills).
The 15 communities contain:
309 Green, University of Celui-ci,Nike Shox 2012, 416 beds
Lofts54, University of Celui-ci, 172 beds
Chauncey
Square, Purdue University, 386 bed furniture
Vintage
West Campus,Cheap Nike Shox, The actual University of Texas from Austin, 121 beds
Texan
West College campus, The University of Colorado at Austin, 190 bedrooms
The
Vue, Arizona State College or university, 468 beds
Union,
Baylor University, One hundred twenty beds
Icon
Plaza, University associated with Southern California, 253 beds
Motorola milestone phone,
University of Michigan, 606 furniture
Campustown
Rentals, University of Illinois, 766 beds
Campustown,
Iowa State Higher education, 1,206
The
Castilian, The College or university of Texas at Austin tx, 623 beds
River
Mill, Higher education of Georgia, 461 beds
Garnet
Riv Walk, University of Structured, 476 beds
Bishops
Square, Texas Condition University, 315 beds
BofA Merrill Lynch acted because exclusive financial adviser to American
Campus. Locke Lord LLP offered as legal counsel to the firm. UBS
Investment Bank acted since financial adviser to Campus Acquisitions.
About American Campus Communities
American Campus Online communities, Inc. is the largest programmer, owner and
manager regarding high-quality student housing communities inside United
States. The company is often a fully integrated, self-managed and
self-administered money real estate investment trust (REIT) with
knowledge of the design, finance, development, engineering management,
and operational treating student housing properties. United states
Campus Communities owns 150 student housing properties that contains
approximately 84,300 furniture. Including its owned as well as third-party managed
properties, ACCs total monitored portfolio consists of 169 properties
along with approximately 108,200 beds. Stop by americancampus.com
or studenthousing.com.
Forward-Looking Phrases
In addition to historical information, that press release contains
forward-looking statements in the federal securities law. These types of
statements are based on current goals, estimates and projections
around the industry and markets by which American Campus operates,
managements beliefs, and assumptions made by management.
Forward-looking statements are not promises of future performance and
involve certain risks and also uncertainties, which are difficult to forecast.
Information Source: Business Cable



September 18th, 2012 At 04:32pm