American Campus Communities Provides Fall 2018 Leasing Update

Austin, Texas — Austin-based American Campus Communities has provided an interim leasing update for the 2018-2019 academic year.

As of Sept. 30, the company’s same store portfolio was 97 percent leased compared to 95.4 percent leased as of Sept. 30, 2017, with a 2 percent projected rental rate increase over in-place rents. The company’s new owned properties are 97 percent leased. ACC will provide final leasing results and an update to the company’s fiscal year 2018 financial guidance in its third quarter 2018 earnings release after the market close on Oct. 22. 

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