American Campus Communities Selected For On-Campus Developments.AUSTIN, Texas -- American Campus Communities Inc. (NYSE NYSE See: New York Stock Exchange :ACC See adaptive cruise control. ) today announced that it has received a "Notice of Intent to Award" from Arizona State University Arizona State University, at Tempe; coeducational; opened 1886 as a normal school, became 1925 Tempe State Teachers College, renamed 1945 Arizona State College at Tempe. Its present name was adopted in 1958. indicating that the company has been selected by competitive process to provide design, development and management of student housing on the Tempe Campus. "This is one of the largest, highest profile transactions in our industry and we are honored to have been selected," said Bill Bayless, ACC chief executive officer. "We look forward to beginning formal negations with the University in an effort to consummate To carry into completion; to fulfill; to accomplish. A Common-Law Marriage is consummated when the parties live in a manner intended to bring about public recognition of their relationship as Husband and Wife. a successful transaction." American Campus also announced that it has been selected by Hope International University in Fullerton, California Fullerton is a city located in northern Orange County, California, United States. As of the 2000 census, the city had a total population of 126,003. It was founded in 1887 by George and Edward Amerige and named for George H. , to design and oversee a comprehensive redevelopment of its campus, including the development of residence halls, student apartments and faculty housing. "We are excited about the comprehensive scope of this project," said Jason Wills, ACC senior vice president of on-campus development. "The Hope International award further establishes our mission of providing turnkey solutions related to master planning, design, development and management of modern student housing for colleges and universities nationally." About American Campus Communities Inc. American Campus Communities Inc. is one of the largest publicly traded REITs focused solely on student housing 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. . American Campus Communities is a fully integrated, self-managed and self-administered equity REIT Equity REIT A Real Estate Investment Trust that assumes ownership status in the property it invests in enabling investors of the REIT to earn dividends on rental income from the property and appreciation in property resale. Antithesis of a Mortgage REIT. with expertise in the acquisition, design, finance, development, construction management, and leasing and management of student housing properties. The company owns and manages 24 high-quality student housing properties containing approximately 15,600 beds. Including its owned properties, the company manages 43 student housing properties, representing approximately 26,900 beds. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This release contains forward-looking statements, which express the current beliefs and expectations of management. Such statements are based on current expectations and involve a number of known and unknown risks and uncertainties that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future development or otherwise. For more information, please go to the company website at www.americancampuscommunities.com. |
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