M&A Deal Summary

American Campus Communities Acquires Royal Properties Portfolio

On March 2, 2006, American Campus Communities acquired real estate company Royal Properties Portfolio from Royal Properties for 244M USD

Acquisition Highlights
  • This is American Campus Communities’ 3rd transaction in the Real Estate sector.
  • This is American Campus Communities’ 4th largest (disclosed) transaction.
  • This is American Campus Communities’ 3rd transaction in the United States.

M&A Deal Summary
Date 2006-03-02
Target Royal Properties Portfolio
Sector Real Estate
Buyer(s) American Campus Communities
Sellers(s) Royal Properties
Deal Type Divestiture
Deal Value 244M USD

Target

Royal Properties Portfolio

United States
Royal Properties student housing portfolio, consisting of 13 properties, containing 5,710 beds, and located in 10 markets.he 13 communities average approximately five years in age with infill locations in established submarkets with barriers to entry, and have an average distance of 0.5 miles to campus.

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Buyer(S) 1

Buyer

American Campus Communities

Austin, Texas, United States

website

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 3 of 9
Sector (Real Estate) 3 of 9
Type (Divestiture) 1 of 2
Country (United States) 3 of 9
Year (2006) 1 of 1
Size (of disclosed) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-14 City Parc at Fry Street

St, Denton, Texas, United States

City Parc at Fry Street,a 418-bed student housing community located in close proximity to the University of North Texas campus in Denton, Texas.

Buy $73M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-22 Three Student Housing Properties

United States

Three Student Housing Properties, containing 1,887 beds.The properties are located within 0.2 miles of their respective campuses, offering pedestrian access. The properties are, Newtown Crossing, University of Kentucky, Lexington, 858 beds, Olde Towne University Square, University of Toledo, Ohio, 550 beds, Peninsular Place, East Michigan University, Ypsilanti, 479 beds.

Buy $102M

Seller(S) 1

SELLER

Royal Properties

Champaign, Illinois, United States

website

Category Company
Founded 1979
Sector Real Estate
DESCRIPTION

Royal Properties is a company with one purpose: to develop, own and manage multi-family student housing near four-year universities throughout the United States.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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