header_bar
Subscribe to Student Housing Business Magazine. It's FREE!
We want your news! Submit It Here
Last Updated ( 01/24/2012 16:23 )
DATE_FORMAT_LC2=Tuesday,January 24 2012 12:00:00 AM   
American Campus Communities adds Texas and Maryland Acquisitions to Portfolio

VarsityExterior-EnteranceWEBThe Varsity opened in 2011 with 91 percent occupancy. It includes a fitness center, game room, parking and outdoor courtyard.Austin, Texas  — In addition to 26 West Apartments in the West Campus neighborhood near UT-Austin, American Campus has also acquired a 79.5 percent interest in the existing entity that owns The Varsity, a 901-bed community near the University of Maryland in College Park.

26 West was acquired for $86.2 million, and The Varsity for $121.5 million. "These two acquisitions, along with our 11 owned development properties being delivered in fall 2012 represent $593 million in premier core assets," said American Campus CEO Bill Bayless.

 

 

 

 

JoomlaStats Activation

Your are currently browsing this site with Internet Explorer 6 (IE6).

Your current web browser must be updated to version 7 of Internet Explorer (IE7) to take advantage of all of template's capabilities.

Why should I upgrade to Internet Explorer 7? Microsoft has redesigned Internet Explorer from the ground up, with better security, new capabilities, and a whole new interface. Many changes resulted from the feedback of millions of users who tested prerelease versions of the new browser. The most compelling reason to upgrade is the improved security. The Internet of today is not the Internet of five years ago. There are dangers that simply didn't exist back in 2001, when Internet Explorer 6 was released to the world. Internet Explorer 7 makes surfing the web fundamentally safer by offering greater protection against viruses, spyware, and other online risks.

Get free downloads for Internet Explorer 7, including recommended updates as they become available. To download Internet Explorer 7 in the language of your choice, please visit the Internet Explorer 7 worldwide page.

Secure SSL Certificate