ACC Rings Closing Bell on NYSE To Celebrate 10 Year Anniversary

Executives from American Campus Communities at the the New York Stock Exchange on Aug. 11, 2014. Executives from American Campus Communities at the the New York Stock Exchange on Aug. 11, 2014.

New York — The first student housing REIT debuted at $17.50 a share in 2004.

American Campus Communities CEO Bill Bayless and members of the leadership team rang the NYSE closing bell on Aug. 11 in commemoration of ACC’s 10-year anniversary as a publicly traded company. At its initial public offering on Aug. 11, 2004, American Campus debuted at $17.50 per share. Nearly 10 years later, on Aug. 8, 2014, ACC stock closed at $38.29, and together with reinvestment of dividends has resulted in a total shareholder return of 240 percent. American Campus was the first publicly traded student housing REIT.

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