Flagstaff, Ariz. — American Campus Communities (NYSE: ACC) has broken ground on its fourth student housing transaction with Northern Arizona University in Flagstaff.
American Campus Communities
Austin, Texas — Austin-based American Campus Communities (ACC) has completed a large equity offering that significantly deleveraged the company’s balance sheet and improved its key credit metrics, resulting in an upgrade of the company’s Standard & Poor’s (S&P) corporate credit rating to BBB from BBB-.
Columbia, Mo. — American Campus Communities will develop a 718-bed student housing community adjacent to the University of Missouri campus in Columbia. U Centre on Turner will consist of 182 units located at the intersection of 5th Street and Turner Avenue.