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About
American Campus Communities, Inc. engages in the development, owning, and managing student housing communities. It operates through the following segments: Wholly-Owned Properties, On-Campus Participating Properties, Development Services, and Property Management Services. Wholly-Owned Properties segment refers to off-campus properties which are generally located in close proximity to the school campus. The On-Campus Participating Properties segment includes five on-campus properties which are operated under long-term ground or facility leases with university systems. The Development Services segment is consist of development and construction management services that the company provide through taxable real estate investment trust subsidiaries for third-party owners. The Property Management Services segment is comprised of marketing, leasing administration, facilities maintenance, business administration, accounts payable, accounts receivable, financial reporting, capital projects, and residence life student development. The company was founded by William C. Bayless in 1993 and is headquartered in Austin, TX. | |||
Description
American Campus Communities, Inc. is a real estate investment trust. The firm invests in the real estate markets of the United States. It primarily engages in developing, owning, and managing high-quality student housing communities. The firm diversifies its functions across acquisition, design, financing, development, construction management, leasing and management of student housing properties. American Campus Communities, Inc. was formed in 1993 and is based in Austin, Texas. | |||
