M&A Deal Summary

American Campus Communities Acquires GMH Communities Trust

On February 12, 2008, American Campus Communities acquired real estate company GMH Communities Trust for 1.4B USD

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

M&A Deal Summary

Date 2008-02-12
Target GMH Communities Trust
Sector Real Estate
Buyer(s) American Campus Communities
Deal Type Add-on Acquisition
Deal Value 1.4B USD

Target

GMH Communities Trust

Newtown Square, Pennsylvania, United States
GMH Communities Trust operates as a real estate investment trust (REIT). The company provides development, construction, renovation, and management services for its military housing privatization projects, and property management services for student housing properties owned by others.

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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 6 of 9
Sector (Real Estate) 6 of 9
Type (Add-on Acquisition) 5 of 7
State (Pennsylvania) 1 of 1
Country (United States) 6 of 9
Year (2008) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS 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
FOLLOWING 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