American Campus Selected to Provide Third-Party Development at Edinboro University.AUSTIN, Texas -- American Campus Communities, Inc. (NYSE NYSE See: New York Stock Exchange :ACC See adaptive cruise control. ), one of the nation's largest owners, managers and developers of high-quality student housing properties, today announced that it has been selected by the Edinboro University Foundation to provide development services for two phases of on-campus student housing containing 1,504 beds at Edinboro University of Pennsylvania Edinboro University of Pennsylvania is a public liberal arts university located in Edinboro, Pennsylvania, USA and one of 14 schools associated with the Pennsylvania State System of Higher Education. . The University is part of the Pennsylvania State System of Higher Education Not to be confused with Pennsylvania's Commonwealth System of Higher Education. The Pennsylvania State System of Higher Education (PASSHE) is the largest provider of higher education in the Commonwealth of Pennsylvania and the 11th largest public university system in the United and has a student enrollment of approximately 7,000 students. "This is our first development within the Pennsylvania State System, and we look forward to a strong relationship with the Edinboro University Foundation," said Bill Bayless, American Campus president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We are excited about the scope of this project and assisting the Foundation in providing high-quality modern student housing for the Edinboro University campus." About American Campus Communities, Inc. American Campus Communities, Inc. is one of the largest developers, owners and managers of high-quality student housing communities in the United States. 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, leasing and management of student housing properties. The company owns and manages a portfolio of 43 high-quality student housing communities containing approximately 26,800 beds. Including its owned properties, the company provides management and leasing services at a total of 56 properties, representing approximately 35,600 beds located on or near college and university campuses. Additional information is available at www.americancampuscommunities.com. "Safe Harbor" Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Statements in this press release regarding American Campus Communities Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year. |
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