With student success as our number one priority, our leaders inspire and empower our team to deliver the best possible experience every day.
West Virginia University
B.S., Business Administration
As chief executive officer, Bill provides the guiding vision for the organization while providing strategic input and supporting the team in their execution of the company’s business plan. Known for his contagious enthusiasm and true passion for creating environments conducive for student success, he is widely recognized as the nation’s foremost expert on the student housing business. Over his 30 year career, he has been involved in the development and acquisition of more than $12 billion of student housing assets.
The son and grandson of steelworkers, Bill was born and raised in the northern panhandle of West Virginia and first forged his vision of what would someday become American Campus Communities while he was still a student at WVU working as a dishwasher, grill cook, night desk attendant, and as a resident assistant at Summit Hall. He saw students and parents as under-served consumers, worthy of better products and services. He saw the need and the opportunity to provide modern, high quality, well-amenitized student communities that could foster an environment conducive to academic success.
Bill spent the first six years of his career with traditional real estate companies that were intrigued by student housing as a side business. In 1993, with less than $3,000 in the bank, the 29-year-old moved his wife and two small children to Austin, Texas where he co-founded American Campus Communities with Wayne Senecal and Joseph Domberger. The fledging company, with only one third-party student housing management contract, established an ambitious mission statement: “To be the nation’s premier provider of quality student housing communities and services through a unique understanding of, and an unrelenting commitment to, students, parents and educational institutions.”
From 1993 to 2003, Bill worked to establish the company as the nation’s premier third-party developer and manager of on campus student housing, pioneering large development transactions with the SUNY System, the University of California System and the Texas A&M University System. In 1997, he secured venture capital from a fund controlled by Reckson Associates to buy out his original partners and to fund the company’s expansion from a third-party service provider to an owner of student housing communities. In 2004, after building the company to more than $300 million in owned assets, Bill led the student housing industry to a new plateau when American Campus successfully consummated its IPO on the New York Stock Exchange, becoming the first publicly-traded student housing company in the nation and introducing the sector to Wall Street and institutional investors.
Under his executive leadership, American Campus has been one of the top performing publicly traded real estate companies in America. In the twelve years since going public, the company has averaged a compounded annual growth rate in net operating income in excess of 26 percent. In addition, the company’s same store portfolio has achieved average fall occupancy of 97.7 percent and has produced positive same store growth in rental rate, rental revenue and net operating income each and every year, even during the great recession. From the IPO to June 30, 2017, ACC stock has delivered a total shareholder return of more than 370 percent, outperforming the Morgan Stanley REIT Index, the S&P 500, the Dow Jones and the Nasdaq; with the company having grown to total enterprise value of nearly $9 billion.
Beyond the company’s operational success and financial performance, under Bill’s purview, American Campus has been widely recognized as the sector’s “Best in Class” company. In 2011, ACC achieved an investment grade rating from both Moody’s and Standard and Poor’s. The company received national accolades in 2013 when it was named “Development Firm of the Year” by the National Association of Home Builders and also named by Forbes as one of “America’s 100 Most Trustworthy Companies.” ACC has also been voted as one of the best companies to work for in its home state of Texas on three separate occasions. In addition, American Campus developments have won more than three dozen national and regional real estate awards.
Bill’s vision, passion, and tenacious determination have not only fueled the success and prominence of American Campus, but have also served as a catalyst for the entire student housing industry becoming a well-respected asset class within the commercial real estate sector, resulting in students and parents across the nation now having a wide variety of modern, high quality, professionally managed, affordable student housing options from which to choose.
In 2007, Bill was the Regional Winner of the coveted Ernst and Young Entrepreneur of the Year award, and was subsequently named as a National Finalist. In 2015, he was featured by Commercial Property Executive as one of commercial real estate’s Most Innovative Executives. In 2017, he was named the Ernst & Young Entrepreneur of the Year in the category of real estate, construction and lodging. He has also been featured in prominent publications, such as The Wall Street Journal, Forbes, and The New York Times; has made numerous appearances on CNBC; and has been featured on ABC’s Nightline. He is frequently invited to speak nationally and at business schools regarding American Campus’ success and his personal success as an entrepreneur. He has been recognized by his alma mater, West Virginia University, where he was added to the College of Business & Economics Roll of Distinguished Alumni and has been inducted into the WVU Academy of Distinguished Alumni. Bill is also a member of Mensa International.
On the charitable front, Bill serves as the Chairman and was instrumental in the formation of American Campus Charities Foundation, which supports charitable activities focused on disadvantaged youth and education in ACC’s hometown of Austin, Texas, as well as in the local markets served by ACC’s communities. The Foundation has raised in excess of $1 million for the causes consistent with its focus. Bill also currently serves on the Board for the Rise School of Austin, which provides high quality early childhood education for gifted, traditional and developmentally delayed children in an inclusive setting, using individualized learning techniques.
Gettysburg College, B.S.
Blake currently serves at EVP of Industry Strategy and Emerging Businesses for Outcome Health, which provides actionable health intelligence across the nation. In his current role, Blake is leads efforts in building and managing all industry facing teams focused on enabling both life science and lifestyle brands to engage with HCP's and patients at the moment of care, when physicians and patients are discussing a diagnosis and potential treatment plans.
Previously, Black served as vice president of Facebook, as well as vice president global partnerships since June 2011. His role included identifying, launching and scaling organizational structure, systems and teams required to most effectively and efficiently manage and support the largest 3rd party developer and partner ecosystems across the world via regionally distributed teams in the US, London, Singapore and Sao Paolo.
Blake was also responsible for the international roll-out and growth of Facebook’s commercial businesses across EMEA, APAC and LATAM. Blake is also an active investor through his personal portfolio as well as his VC Fund.
Prior to joining Facebook, Blake worked at Yahoo! UK Ltd, where he was commercial director, UK and played an instrumental role in setting the strategic direction of the organization and managing the various sales teams calling on agencies and clients in the UK marketplace. He has also been part of various founding teams resulting in several new companies that focused on the intersection of consumers and media.
Texas A&M University
Steve has served on our board of directors since August 2004. Primarily a private investor since 2003, he serves as a founding partner and member of the Management Committee of SparrowHawk Holdings-PowerOne, LP, a private company that is assembling and managing a portfolio of institutional-quality industrial warehouse and distribution facilites located in the US primarily for the benefit of Canadian equity investors. He is also a managing director at Novus Merchant Partners, a Canadian firm where focuses on public and private cross-border real estate opportunites. He also served as chief financial officer of Camden Property Trust (NYSE: CPT), a large multi-family REIT based in Houston, from 1990 to 2003. Steve serves on the boards of Trustreet Properties, Inc. (NYSE: TSY), the largest restaurant REIT in the U.S.; Sunset Financial Resources, Inc. (NYSE: SFO), a mortgage REIT; AmREIT (AMEX: AMY), a retail property REIT; Desert Capital REIT, Inc., an unlisted public mortgage REIT; and Medical Properties Trust (NYSE: MPW), a hospital/healthcare REIT. He also serves on boards of various private charities and civic organizations and has other private interests. Steve serves on the Real Estate Council of the Mays Graduate School of Business at Texas A&M University.
Texas A&M University, B.B.A.
Southern Methodist University, M.B.A.
Cydney has served on our board of directors since August 2004. She has been the director of real estate programs and an executive professor at the Mays Business School of Texas A&M University since March 2006, where she teaches in the finance department.
Cydney was an executive professor at the Mays School from August 2004 until March 2006 and was a visiting lecturer from January 2004 until August 2004. Formerly a principal and managing director of European Investors/EII Realty Securities, Inc., she served in various capacities at EII and was chair of the investment committee from 2002 until 2003, head of the real estate securities group and portfolio manager from 1992 until 2002, and vice president and analyst from 1986 until 1992. Cydney served on the board of European Investors Holding Company from 1992 until 2005. Prior to joining EII, she was a real estate lending officer at RepublicBanc Corporation in Dallas from 1983 until 1986.
Cydney currently serves on the board of directors of Madison Harbor Balanced Strategies, Inc., a closed-end investment fund registered under the Investment Company Act of 1940, and a REIT (which service will end upon it's deregistration, which is currently contemplated to occur in the second quarter of 2017), and Pebblebrook Hotel Trust (NYSE:PEB), a hotel REIT. In 2007, Cydney was appointed to the Employees Retirement System of Texas Board of Trustees by Governor Rick Perry. She has served on the board and institutional advisory committee of the National Association of Real Estate Investment Trusts (NAREIT) and in various leadership capacities for the Association of Former Students of Texas A&M University and the Junior League of the City of New York.
Chairman of the Board
Case Western Reserve University, B.A.
Georgetown University Law Center, J.D.
Editor, Georgetown University Law Journal
Edward has served on our board of directors since August 2004 and has served as our Independent Chairman of the Board since August 2015. Since April 2002, he has been president of Ackerman Management LLC. Edward was a founder of Wellsford Real Properties, Inc. (AMEX: WRP) and served as president from 1997 until 2002. He continues to serve as Wellsford Real Properties, Inc.’s director. Edward was a founder, trustee and president of Wellsford Residential Property Trust until May 1997 when it was merged into Equity Residential.
He has more than 30 years of real estate and merger and acquisition experience in both public and private entities. Edward serves as a trustee of Omega Healthcare Investors, Inc. (NYSE: OHI), a healthcare REIT; as a director of Ark Restaurants (NASDAQ: ARKR), an owner and operator of restaurants; and as a director of Desarrolladora Homex, S.A. de C.V. (NYSE: HXM) a vertically integrated home development company focused on affordable entry-level and middle-income housing in Mexico. From 1997 to 2012, he was a member of the board of directors of Reis, Inc., an internet-based provider of real estate information and analytics and a successor, through mergers, to Wellsford Real Properties, Inc., and served as non-executive Chairman of Reis, Inc. from 2010 to 2012. A trustee of the Manhattan School of Music, Edward serves on its finance and executive committees and chairs its new building committee. From 1992 until 2000, he served as a member of the Board of Governors of NAREIT.
West Virginia University, B.A.
The University of Texas School of Law, J.D.
Oliver has served on our board of directors since December 2012 and recently joined the NCAA as the executive vice president of regulatory affairs in January 2015. He previously served as the athletic director of West Virginia University from 2010 to 2015.
From 2006 to 2010, Oliver was the president/general manager of the Houston Dynamo of Major League Soccer. From 2001 to 2005, he was the chief executive officer of the Harris County-Houston Sports Authority, where he oversaw the financing, construction and management of professional sports and entertainment infrastructure in Houston – including Minute Maid Park, Reliant Stadium and Toyota Center.
Oliver worked for the National Football League from 1990 to 2001, where he served in a variety of positions – including vice president of business development and president and chief executive officer of NFL Europe. Oliver also played quarterback for the Houston Oilers from 1982 to 1986. He is currently a member of the National Football League Player Safety Advisory Panel and has served in various capacities in a number of university and community associations. He was a finalist to be a Rhodes Scholar, a National Football Foundation Scholar, and a two-time Academic All-American.
The University of Texas at Austin
Pat has served on our board of directors since May 2014. He has been the president and chief executive officer of Barshop & Oles Company, a privately owned, Texas-based commercial real estate development, investment and management firm, since 1983.
From 1980 to 1982, Pat served as director of governmental appointments on the senior staff of Texas Governor William P. Clements, Jr. He has been involved in numerous governmental, business and civic organizations – including ten years of service on the board of directors of the Lower Colorado River Authority. He is also a founding member and chairman of the board of trustees of the Texas Parks & Wildlife Foundation.
Pat was a member of the advisory board of directors of JPMorgan Chase, chairman of the local chapter of the Young Presidents Organization, and a trustee of the Texas Nature Conservancy.
He currently serves as a member of the board of directors of SouthWest Water Company, a privately owned provider of water and wastewater services; as a member of the executive committee of the Seton Fund; as a member of the development board of the McCoy College of Business Administration of Texas State University; and as chair of the UT Elementary School Development Council. Pat now holds the McCoy Professorship for Studies in Entrepreneurship in the McCoy College of Business Administration at Texas State University.
The University of Texas at Austin, B.B.A
South Texas School of Law
From our IPO in August 2004 until August 2015, Dan served as our independent chairman of the board. He retired from the position of chancellor of The University of Texas System in 2002. Dan joined the University of Texas System in 1988 to serve as the vice chancellor of business affairs and then as executive vice chancellor for business affairs before being appointed by the Board of Regents as interim chancellor in June 2000 and chancellor six months later in December 2000.
From 1955 to 1984, Dan worked worldwide for Getty Oil Co., headquartered in Los Angeles. In 1979, he was involved in the creation of ESPN, serving as director as well as vice president of the first cable TV sports network. Dan is chairman of MBST Holdings, LLC and Patton Medical Devices. He also serves on the advisory board of Frost Bank and is a member of the board of directors of Celo Data, Inc. In addition, Dan serves as a member of the board of trustees of the Headliners Club and is the chairman of the board of The Rise School of Austin. He is a lifetime member of The University of Texas Exes and serves on the Executive Committee of the University of Texas Chancellor’s Council. He also has been a member of the board of the Texas Department of Information Resources; the board of the Texas Life, Accident, Health and Hospital Service Insurance Guaranty Association; the formal advisory committee of the Texas Higher Education Coordinating Board; and the advisory council of the UT Austin College of Natural Sciences. Dan is a former director of the National Conference of Christians and Jews and a former member of the board of directors of the American Cancer Society.
In November 2015, he was named a Distinguished Alumna of The University of Texas at Austin.
"Dan Burck waged a fierce battle against terminal cancer," said Bill Bayless, American Campus CEO. "I can't begin to put into words the personal and professional loss this represents to many of us as individuals, to our Board and to our company as a whole. We were all incredibly blessed to have Dan be our guiding light, our mentor, our colleague and our friend. The world has truly never known a finer gentleman. Dan brought out the finest qualities in everyone that he touched and the greatest tribute we can pay to him is for each of us to emulate the kindness, character and integrity with which he lived his life. While the loss we feel is great, it is time to fondly recall and celebrate Dan's extraordinary life and how fortunate we were to be part of it. He loved his American Campus family and we felt the same about him. The thoughts and prayers of the whole company are with his family."