M&A Deal Summary

American Campus Communities Acquires City Parc at Fry Street

On March 14, 2005, American Campus Communities acquired real estate company City Parc at Fry Street for 73M USD

Acquisition Highlights
  • This is American Campus Communities’ 2nd transaction in the Real Estate sector.
  • This is American Campus Communities’ 6th largest (disclosed) transaction.
  • This is American Campus Communities’ 2nd transaction in the United States.
  • This is American Campus Communities’ 1st transaction in Texas.

M&A Deal Summary
Date 2005-03-14
Target City Parc at Fry Street
Sector Real Estate
Buyer(s) American Campus Communities
Deal Type Add-on Acquisition
Deal Value 73M USD

Target

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.

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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 2 of 9
Sector (Real Estate) 2 of 9
Type (Add-on Acquisition) 2 of 7
State (Texas) 1 of 1
Country (United States) 2 of 9
Year (2005) 2 of 2
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-25 The Gainesville Housing Property

Gainesville, Florida, United States

The Gainesville Housing Property which contains approximately 1,044 beds,a student housing community located in close proximity to the University of Florida campus in Gainesville.

Buy $48M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-02 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.

Buy $244M
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