American Campus Communities Announces Quarterly Dividend.AUSTIN Austin. 1 City (1990 pop. 21,907), seat of Mower co., SE Minn., on the Cedar River, near the Iowa line; inc. 1868. The commercial and industrial center of a rich farm region, it is noted as home to the Hormel meatpacking company, whose Spam Town museum , Texas -- American Campus Communities, Inc. (NYSE NYSE See: New York Stock Exchange : ACC See adaptive cruise control. ), the nation's largest owner, manager and developer of high-quality student housing properties, announced today that its board of directors has declared a regular quarterly dividend of $0.3375 per share of common stock, payable on August 29, 2008, to shareholders of record at the close of business on August 15, 2008. About American Campus Communities American Campus Communities, Inc. is the largest developer, owner and manager of high-quality student housing communities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) with expertise in the design, finance, development, construction management, and operational management of student housing properties. American Campus Communities owns 86 student housing properties containing approximately 52,800 beds. The company also owns a minority interest in 21 joint venture properties containing 12,100 beds. Including its owned, joint venture and third-party managed properties, ACC's total managed portfolio consists of 143 properties with approximately 90,600 beds. Additional information is available at www.studenthousing.com. |
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