M&A Deal Summary

American Campus Communities Acquires University Commons Apartments Minnesota

On July 2, 2012, American Campus Communities acquired real estate company University Commons Apartments Minnesota for 31M USD

Acquisition Highlights
  • This is American Campus Communities’ 7th transaction in the Real Estate sector.
  • This is American Campus Communities’ 8th largest (disclosed) transaction.
  • This is American Campus Communities’ 7th transaction in the United States.
  • This is American Campus Communities’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2012-07-02
Target University Commons Apartments Minnesota
Sector Real Estate
Buyer(s) American Campus Communities
Deal Type Add-on Acquisition
Deal Value 31M USD

Target

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.

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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 7 of 9
Sector (Real Estate) 7 of 9
Type (Add-on Acquisition) 6 of 7
State (Minnesota) 1 of 1
Country (United States) 7 of 9
Year (2012) 1 of 3
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-12 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.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-10 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.

Buy $627M
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