Investments

American Campus is actively seeking investment opportunities throughout the United States, including acquisitions, rehab/reposition and ground-up development.  Since 2005, we have:

• Acquired over $1.6 billion of student housing properties, totaling over 70 properties and 40,000 beds
• Assumed over 70 property loans
• Developed over $2.8 billion of student housing product for ourselves or third-party clients

Having one of the strongest balance sheets in the industry, we do not rely on third-party equity or originating high-leverage loans to fund transactions.  Since our IPO in 2004 we have:

• Raised over $1 billion of equity in public offerings
• Secured an in-place $225 million credit facility
• Originated the first Freddie Mac structured revolving credit facility (worth $125 million) completed in the student housing sector 

ACC has the capability to fund transactions through a variety of structures, such as:

• Cash payments
• Assumption of in-place mortgages
• Originate new debt, due to our attractiveness to lending agencies as a borrower
• Issue ACC stock in lieu of cash, which can be advantageous in certain tax situations

We approach our off-campus investments with the following criteria:

Close proximity to campus
We strongly prefer opportunities that are walkable or allow bicycle access to a major university (full-time undergraduate enrollment in excess of 8,000), but will consider assets that have a competitive advantage in terms of location.

Product differentiation
We develop and acquire communities that offer differentiated products that create a competitive advantage.  We acquire both purpose-built student housing as well as conventional multi-family in close proximity to a major university.

Submarkets with barriers to entry
We look for opportunities located within an established area near campus with limited development or redevelopment opportunities.

Underperforming assets
We look for assets with historical nonperformance that may not have the above characteristics but offer opportunity for improved performance through improved management, systems and implementation.

Investment Parameters

Subject University:  Full-time undergraduate enrollment of at least 8,000 students

Location:  Strong preference towards walkablilty or bicycle access to subject campus, but will consider other locations with strong story or barriers to entry 

Size: Minimum 100 units or 300 beds

Acquisition terms: Minimum deal size of $10 million, can assume in-place debt or purchase with cash and/or originate new debt

Development terms: Minimum project size of 500 beds

If you have undeveloped land or a potential acquisition that fits our criteria, please contact William Talbot , SVP-Investments, or Jake Newman, VP of Development, at 512.732.1000 or acquisitions@americancampus.com.