M&A Deal Summary

American Campus Communities Acquires 15 student housing properties -Campus Acquisitions

On July 10, 2012, American Campus Communities acquired real estate company 15 student housing properties -Campus Acquisitions from CA Student Living for 627M USD

Acquisition Highlights
  • This is American Campus Communities’ 8th transaction in the Real Estate sector.
  • This is American Campus Communities’ 3rd largest (disclosed) transaction.
  • This is American Campus Communities’ 8th transaction in the United States.
  • This is American Campus Communities’ 1st transaction in Illinois.

M&A Deal Summary

Date 2012-07-10
Target 15 student housing properties -Campus Acquisitions
Sector Real Estate
Buyer(s) American Campus Communities
Sellers(s) CA Student Living
Deal Type Divestiture
Deal Value 627M USD

Target

15 student housing properties -Campus Acquisitions

Chicago, Illinois, United States
15 student housing properties -Campus Acquisitions, comprises 15 student housing properties with 6,579 beds, including two properties and an additional phase at an existing property currently under development.

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Buyer(S) 1

Buyer

American Campus Communities

Austin, Texas, United States

Category Company
Founded 1993
Sector Real Estate
Employees2,988
Revenue 871M USD (2020)
DESCRIPTION

American Campus Communities is the nation’s largest developer, owner, and manager of high-quality student housing communities. American Campus Communities was founded in 1993 and is based in Austin, Texas.


DEAL STATS #
Overall 8 of 9
Sector (Real Estate) 8 of 9
Type (Divestiture) 2 of 2
State (Illinois) 1 of 1
Country (United States) 8 of 9
Year (2012) 2 of 3
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-02 University Commons Apartments Minnesota

Minneapolis, Minnesota, United States

University Commons Apartments Minnesota, a 480-bed off-campus community serving students attending the University of Minnesota.The student housing property was built in 2003 and features a community center with a fitness center, business center, game room with pool tables and gaming consoles, and a spa.

Buy $31M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-03 19 Select Student Housing Properties and Development Property

United States

19 Select Student Housing Properties and Development Property comprises 12,049 beds, including 366 beds at an additional phase currently under development at an existing property.

Buy $863M

Seller(S) 1

SELLER

CA Student Living

Chicago, Illinois, United States

Category Company
Founded 2005
Sector Real Estate
DESCRIPTION

A Student Living operates as a premiere investor, developer, and manager of student housing assets.


DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1