american campus communities

American Campus Communities Announces $13 Billion - Blackstone During the quarter, commenced three third-party on-campus development projects at Drexel University, Princeton University and the University of California, Irvine. [19], American Campus Communities and the mental health non profit, Hi, How Are You Project, aim to tackle issues of mental health among U.S. college students through a residence life training and awareness program at more than 70 universities across the country. Source: American Campus Communities, Inc. American Campus Communities Corporate Profile American Campus Communities, Inc. (NYSE:ACC) today announced the following financial results for the quarter and year ended December 31, 2021. The year ended December 31, 2020 amount represents the loss associated with the January 2020 redemption of the company's $400 million 3.35% Senior Notes originally scheduled to mature in October 2020. These dates were chosen to commemorate the flight of Yuri Gagarin (12 April 1961), the first human in space. ***Our Leasing Center is located inside the Plaza Verde Community Center at 15000 Arroyo Drive ***. The SSP curriculum includes: Future Space Studies programs are planned for:[47], Past Space Studies Programs, Locations and Team Projects. Grew same store NOI by 5.2 percent over the year ended December 31, 2020, as revenues increased 5.1 percent and operating expenses increased 5.1 percent. Visit www.americancampus.com. This transaction created significant value for our shareholders and represents the culmination of our teams passionate and dedicated service to our student residents and university partners., Jacob Werner, Co-Head of Americas Acquisitions for Blackstone Real Estate, said, We are pleased to complete this transaction and welcome the American Campus Communities team to Blackstone. Not only will you gain valuable work experience, but you can reduce your living expenses with our CA employment program. The transaction has been unanimously approved by ACCs Board of Directors and the independent Special Committee of ACCs Board and is expected to close in the third quarter of 2022, subject to approval by ACCs shareholders and other customary closing conditions. As a condition to the transaction, ACC has agreed to suspend payment of its quarterly dividend, effective immediately. This press release features multimedia. Contact the American Campus Communities Leasing Center at (949) 326-5600 or email the communities at the addresses listed below. The first phase of the two-phase transaction involved the contribution of three properties to the joint venture for proceeds of $271.7 million on December 31, 2021, with the remaining five properties expected to be contributed to the venture in late 2022 or early 2023 for expected proceeds of $279.6 million, subject to customary closing conditions including no material adverse changes to these properties. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as may, will, should, expects, intends, plans, anticipates, believes, estimates, predicts, or potential or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. The Library also features news about space, information from space agencies and research institutes around the world, and awareness and alerting services from journals. In: Diamandis P, Sunshine K (1986). KeyBanc Capital Markets Inc. is also acting as a financial advisor. Represents expenses or gains associated with the settlement of litigation matters, which are included in other operating expenses and other nonoperating income, respectively, in the accompanying consolidated statements of comprehensive income. Neither ACC nor BREIT undertakes any obligation to publicly update any forward-looking statements. American Campus Communities, Inc. Reports First Quarter 2022 Financial These risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements include thosediscussed in the Companys and BREITs filings with the Securities and Exchange Commission, including the Companys Annual Report on Form 10-K for the year ended December 31, 2021 under the heading Risk Factors and under the heading Business Forward-looking Statements and subsequent quarterly reports on Form 10-Q, as well as BREITs Form 10-K for the year ended December 31, 2021 in the section entitled Risk Factors, BREITs prospectus and in the other periodic reports BREIT files with the SEC. Since 1995, the collection of the ISU Library has grown to reach about 9,000 space-related documents. Blackstone Bets on Campus Housing With $13 Billion Acquisition The average American Campus Communities salary ranges from approximately $35,600 per year for Office Manager to $60,329 per year for General Manager. The National Association of Real Estate Investment Trusts ("NAREIT") currently defines Funds from Operations ("FFO") as net income or loss attributable to common shares computed in accordance with generally accepted accounting principles ("GAAP"), excluding gains or losses from depreciable operating property sales, impairment charges and real estate depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures. https://www.businesswire.com/news/home/20220222006141/en/, American Campus Communities, Inc., Austin Professional Visits and participation to ISU Annual Symposium, SETI: The Search for Intelligent Life in the Universe. ISU originally evolved in a geographically decentralized way, with summer sessions convened in a different country each year. national and regional economic trends and events; the success of leasing the companys owned properties for the 2022-2023 academic year; the timing and amount of any acquisitions, dispositions or joint venture activity; the timing of commencement and completion of construction on owned and third-party development projects; university enrollment, funding and policy trends; the outcome of legal proceedings arising in the normal course of business; and. American Campus Communities | ACC Stock Price, Company - Forbes These one-year degree programs include a three-month professional internship and several professional visits. ISU is now a non-profit association registered in Alsace (France), and is still registered in the US as a 501(c)3 non-profit educational organization. American Campus Communities, Inc. is the largest owner, manager and developer of high-quality student housing communities in the United States. The Executive Space Course (ESC) provides an overview of space and of space-related subjects for professionals of diverse backgrounds, including marketing, finance, law, and contract management, intended to improve their communication with technical colleagues. BofA Securities served as ACCs lead financial advisor. the finalization of property tax rates and assessed values in certain jurisdictions. To view recent press releases,click here. By submitting this request, you consent to receive email from Blackstone. ACC developed housing for more than 2,000 students over the next two years. Our perpetual capital will enable ACC to invest in its existing assets and create much-needed new housing in university markets. The Space Studies Program (SSP) is an intense two-month course for postgraduate students and professionals of all disciplines. [11] The following year, a three-day Founding Conference convened at the Massachusetts Institute of Technology (MIT) from 10 to 12 April 1987. Blackstone Funds Complete $13 Billion Acquisition of American Campus American Campus Communities, Inc. is a self-managed and self-administered real estate investment trust (REIT). 12700 Hill Country Blvd, Suite T-200 ISU was founded on the "3-Is" philosophy providing an Interdisciplinary, Intercultural, and International environment for educating and training space professionals and post-graduate students. [4], The Chancellor of the International Space University is Pascale Ehrenfreund,[5] Chair of the German Aerospace Center (DLR) Executive Board and President of the International Astronautical Federation (IAF). 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. Officers, CORPORATE The Academic Council of ISU is responsible for ensuring the academic quality of ISU's teaching and research activities. 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. Construction Manager - West Lafayette, IN. - Salary.com Programs delivered each year on a regular basis, Self Deployable Habitat for Extreme Environments (SHEE). Blackstone will buy American Campus Communities for $12.8 billion including debt, the student housing company said. Hands-on workshops providing practical applications of the concepts presented in the lectures. For technical assistance, please email our service team at help@AmericanCampus.comhelp@AmericanCampus.com The company believes that the financial results for the year ending December 31, 2022, may be affected by a number of factors, including but not limited to: the success of leasing the company's owned properties for the 2022-2023 academic year. [7], In 1985, three young space enthusiasts created the Space Generation Foundation, dedicated to fostering a sense of identity for those people born since the beginning of the space era. American Campus Communities (NYSE: ACC) is shooting up today on the announcement that it is about to be acquired by Blackstone (NYSE: BX). American Campus Communities, Inc. v. Berry (Opinion) Annotate this Case. Reported net income attributable to ACC of $35.5 million or $0.24 per fully diluted share versus $72.8 million or $0.51 per fully diluted share for the full year 2020, which included a $48.5 million gain on sale of one property in 2020. In fact, most of the management team first joined the company as students working at ACC communities. Same store average occupancy increased to 96.0 percent versus 90.5 percent in the prior year period, and rental revenue per occupied bed increased by 3.1 percent. The main elements of the Masters are:[15]. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. 2021 was an outstanding year for ACC and our shareholders, said Bill Bayless, American Campus Communities CEO. This page was last edited on 24 June 2023, at 22:29. The project is anticipated to be structured as a third-party development with the full scope, transaction structure, feasibility, fees and timing yet to be finalized. American Campus Communities is here to make your once-in-a-lifetime college experience exceptional. American Campus The forward-looking statements contained in this release reflect ACCs and BREITs current views about future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances, many of which are beyond the control of ACC and/or BREIT, that may cause actual results and future events to differ significantly from those expressed in any forward-looking statement, which risks and uncertainties include, but are not limited to: the ability to complete the proposed transaction on the proposed terms or on the anticipated timeline, or at all, including risks and uncertainties related to securing the necessary shareholder approval and satisfaction of other closing conditions to consummate the proposed transaction; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement relating to the proposed transaction; risks that the proposed transaction disrupts ACCs current plans and operations or diverts the attention of ACCs management or employees from ongoing business operations; the risk of potential difficulties with ACCs ability to retain and hire key personnel and maintain relationships with suppliers and other third parties as a result of the proposed transaction; the failure to realize the expected benefits of the proposed transaction; the proposed transaction may involve unexpected costs and/or unknown or inestimable liabilities; the risk that ACCs business may suffer as a result of uncertainty surrounding the proposed transaction; the risk that shareholder litigation in connection with the proposed transaction may affect the timing or occurrence of the proposed transaction or result in significant costs of defense, indemnification and liability; effects relating to the announcement of the transaction or any further announcements or the consummation of the transaction on the market price of ACCs common stock. DATA PROCESSING ADDENDUM This Data Processing Addendum (this "DPA") is effective as of June 1, 2023, by and between American Campus Communities Services, Inc., and any other relevant property or properties (together, "ACC" or "Controller") and any service provider or contractor (a "Service Provider") identified in a relevant agreement or service contract with us ("Agreement"). Team, Senior ISU was founded in 1987 and is registered in France and in the US as a non profit organisation. ACC Apartments | UCI Student Housing Belgium and Luxembourg lie to the north, Germany to the east and north, and Switzerland to the south. PRESENTATION, https://www.businesswire.com/news/home/20220419005481/en/. Building more Leadership in Energy and Environmental Design (LEED)-certified projects across the country than any other student housing provider, Contracting to source over 10 million kWh of renewable energy. Grand Est, also called Alsace-Champagne-Ardenne-Lorraine, rgion of France created in 2016 by the union of the former rgions of Alsace, Lorraine, and Champagne-Ardenne. Visit www.americancampus.com. Represents consulting, legal, and other related costs incurred in relation to stockholder activism activities in preparation for the companys 2021 and 2022 annual stockholders' meetings, which are included in general and administrative expenses in the accompanying consolidated statements of comprehensive income. Austin, TX 78738, P: 512.732.1000|F: 512.732.2450 Grand Est | Facts, Population, Map, & History | Britannica The sixth President of the International Space University is Juan de Dalmau who succeeded Prof. Walter Peeters, in September 2018. Including its owned and third-party managed properties, ACC's total managed portfolio consisted of 203 properties with approximately 140,900 beds. [4], In 1997, Bayless bought out his partners and in 1999, ACC developed its first off-campus residence, the Callaway House College Station at Texas A&M University for firstyear students. Represents accelerated amortization of unvested restricted stock awards due to the retirement of the company's President in August 2021, which is included in general and administrative expenses in the accompanying consolidated statements of comprehensive income. The project is anticipated to be structured as third-party development although the full scope, transaction structure, feasibility, fees and timing have not yet been finalized. 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. The three months and year ended December 31, 2020, include a $2.1 million gain in connection with the early repayment of a loan receivable and a $1.1 million gain related to the settlement of a litigation matter. Dentons US LLP is serving as the Companys legal counsel. Net income for the 2021 fourth quarter totaled $40.7 million, or $0.29 per fully diluted share, compared with net income of $24.8 million, or $0.18 per fully diluted share in the fourth quarter of 2020. 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 . The three months ended December 31, 2021 amount includes $0.6 million in consulting, legal, and other related costs incurred in relation to stockholder activism activities in preparation for the company's annual stockholders' meeting. From 1993 to 2003, the company partnered with SUNY system, the University of California System, and the Texas A&M University System to develop and manage student housing. ACC owns, manages, and operates Chestnut Square, The Summit, and University Crossings for Drexel . A replay of the conference call will be available beginning one hour after the end of the call until March 3, 2022 by dialing 866-813-9403 or +44 204-525-0658, access code 27582. (212) 355-4449, Blackstone Media Contact: Switchboard:+1 (212) 583-5000. American Campus Communities, Inc. ACC Media Contact: FFOM was $105.4 million, or $0.75 per fully diluted share, as compared to $81.8 million, or $0.59 per fully diluted share in the prior year quarter. As of . In connection with the proposed transaction, ACC will file with the Securities and Exchange Commission (the SEC) a proxy statement on Schedule 14A. Co-founded in 1993 by CEO Bill Bayless, the company works with universities to develop, manage and finance on-campus communities. American Campus Communities - Facebook This marked the sixth phase of the ASU partnership and 33rd LEED certified building. American Campus Communities, Inc. v. Berry (Opinion) - Justia Law Concepts, Applications and Markets for Micro/Nanosatellites in a New Information World[115], The Space Transportation Market: Evolution or Revolution? As of March 31, 2021, the company owned 166 student housing properties with approximately 111,900 beds, including its owned and third-party managed properties. [10] It later expanded its partnership to develop and manage Princeton graduate student housing. The intention is to have the program iterating to different locations in the Southern Hemisphere, in particular in Africa and South America, but regularly returning to Australia. Core Lectures covering fundamental concepts across all relevant disciplines. Andrew Siegel We have certainly accomplished that mission and are proud and excited to have our best-in-class company join Blackstone, the worlds largest alternative asset manager. The intention of a second program, next to the established SSP program of ISU, was to extend the offering to participants of the Southern Hemisphere, in line with the local summer holidays, but participants from all nations are welcomed. In November 2017 the International Space University hosted a conference in Strasbourg that led to the formation of the Moon Village Association. A guide to future space stations", "OASIS: operations and service infrastructure for space", "Space and STEM: one giant leap for education", "Cooperation of Humans and Robots for Mars", "GO SSP: guidebook on small satellite programs", "H2OPE: Tigris Euphrates and the global water crisis", "ecoSpace: Initiatives for environmentally sustainable launch activities", "ASTRA: Asteroid Mining Technologies Roadmap and Applications", "REFOCUS: Respect Earth: Future Opportunity in Carbon Understanding and Sustainability", "ACCESS Mars: Assessing Cave Capabilities Establishing Specific Solutions", "SAFEN EARTH: Space Aid for Energy Needs on Earth", "DREAM: Disaster Risk Evaluation And Management", "FuturIST: Future Infrastructure for Space Transportation", "VAPOR: Volcanic Activity: Processing of Observation and Remote sensing data: an integrated framework for early warning and hazard tracking of volcanic activity on Earth", "Noumenia: Building on the Google Lunar X prize", "DOCTOR: Developing On-Orbit Servicing Concepts Technology Options and Roadmap", "Phoenix: Lunar Biological and Historical Archive", "TREMOR: Technology Resources for Earthquake Monitoring and Response", "Luna Gaia: A closed loop habitat for the Moon", "SOL: Earth Observation Systems for Small Countries and Regions", "FLAMA: Fire Logistics And Management Approach", "CASSANDRA': A strategy to protect our planet from near-earth objects", "REVOLUTION: Robotic Eexploration of Venus to study planetary evolution", "CONNECTS: The role of satellite communications in the development of rural and remote regions", "STREAM: Space Technologies for the Research of Effective wAter Management", "LunAres: International Lunar exploration in preparation for Mars", "Ecosphere: Earth Climate Observation System Promoting Human Ecological Research & Education", "TRACKS TO SPACE: Technology Research Advancing Cooperative Knowledge Sharing to Space", "METZTLI: An International Space Station Approach to Lunar Exploration", "HI-STAR: Health Improvement using Space Technology and Resources", "C.A.S.H. Austin, TX 78738, P: 512.732.1000|F: 512.732.2450 Student Housing & Student Apartments - American Campus Communities The Grand Est brings together the historical regions of Alsace, Lorraine and Champagne, and is thus a blend of Latin and Germanic traditions that vary from an area to another. 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. Recapitalized a 45 percent minority interest in the companys eight-property Arizona State University (ASU) student housing portfolio by forming a joint venture with Harrison Street for the ownership of the portfolio through a two-phase closing, with total expected proceeds to the company of $551.3 million.

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