American Campus Communities
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American Campus Communities was the first real estate investment trust to go public in the niche of providing housing for the college student market.
American Campus New York Stock Exchange ticker symbol is ACC. Current president William C. Bayless and two investors started American Campus Lifestyle Companies in 1993. They first rehabbed and then managed a residence hall at the University of Texas.
In 1997 Reckson Partners became a majority partner and they changed their name to American Campus Communities. In 2004 had their Initial Public Offer - IPO. They own and manage high quality student housing (must not be anything like the dorm I spent my first college year in, or the off campus apartment where I spent my second year) -- they own 88 communities with over 54,000 beds and manage 145 student communities with over 92,000 beds.
ACC provides students with private bedrooms, Internet access, private baths, fully equipped kitchens, spacious living quarters and resort-style amenities. Whew! Nothing at all like where I lived as a student, on campus or off. My dorm room had minimal space, and the apartment I shared with three other students, and many of the student apartments I visited, were nearly slum quality.
American Campus Communities Property Portfolio:
Tower at Third, The Summit, Jacob Heights, Grandmarc Seven Corners, University Village at Fresno, Vista Del Campo Norte, Vista Del Campo, University Village, The Village at San Bernadino, Aztec Corner, University Towers, University Highlands, Barrett Honors College, Vista del Sol, Villas on Apache, Entrada Real, University Lodge, University Village at Boulder Creek, The Inn at Auraria, The View, Scott Village, Scott Residence Hall, Centennial Court, University Greens, Commons on Oak Tree, Cardinal Village, Lamar Dining Hall, Aggie Station, Callaway House, Callaway Villas, City Parc at Fry Street, Uptown, Bayou Oaks, Cullen Oaks, Sam Houston Village, Residential Learning Center, Raiders Pass, University Pointe, University Trails, Texan Hall, The Outpost, San Jacinto Hall, San Marcos Hall, Coyote Village, University Mills, Drake West Village, University Crescent, Burbank Commons, Ponchartrain Hall, Campus Trails, Campus Walk - Oxford, Willowtree Towers, Willowtree, Abbott Place, Arboretum Apartments, The Centre, University Meadows, Penisular Place, Campus Corner, Hewtown Crossing, Royal Lexington, Capus Ridge, University Heights, University Gables, Raiders Crossing, and The Woods at Greenland.
American Campus Communities has a solid niche of college students who can already afford to live in luxury -- and it's well diversified across the United States and in Canada.
Next: Washington Real Estate Investment Trust -- greater Washington DC area
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