Austin, Texas — American Campus Communities (NYSE: ACC) reported that its portfolio had an occupancy rate of 90.3 percent as of Sept. 11, 2020, after removing approximately 1,300 “no-shows” at open market leasing properties. This percentage also reflects assigned occupancy
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Construction has been one of the lucky few segments of the economy that has continued humming along during the pandemic. Student housing projects are still going on as planned, as construction has mostly fallen into the “essential” category of business
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Austin, Texas — In response to the COVID-19 pandemic, American Campus Communities announced its collaboration with RB — the makers of Lysol and a global leader in hygiene products — to set a new standard and formalized approach for cleanliness
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It remains unclear exactly which trends will outlast the COVID-19 pandemic, but student housing owners expect that the rise of distance learning will have lasting effects beyond just the 2020 spring and summer semesters. In response to the outbreak in
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Throughout the COVID-19 pandemic, student housing has performed remarkably well compared to other property types, showing particularly high occupancy rates and consistent rent collections. In April, May, June and July, monthly collections exceeded 95 percent of scheduled rents across the
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New York City — The New York Times has published a survey that asserts at least 6,300 cases of coronavirus (COVID-19) have been tied to 270 colleges over the course of the pandemic. The survey included every public four-year college in the
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While a great deal of uncertainty remains surrounding the fall semester in the face of the COVID-19 pandemic, in one fact we can be certain — the summer is almost over. With students set to move back to campus in
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Austin, Texas — American Campus Communities has announced financial results for the second quarter of 2020. Revenue for the second quarter totaled $185.5 million, versus $217.4 million in the second quarter of 2019. The company reported a net loss of
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Chicago — The Scion Group has launched Scion Campus Connections, a new strategic initiative aimed at improving collaboration between university and college housing departments and Scion’s off-campus housing teams. “The COVID-19 pandemic has changed the way we think about student
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The COVID-19 tsunami devastated industries all over the country and around the world, grinding many businesses to a halt. Before the pandemic, the commercial real estate industry was riding high with a 10-year run dating back to the Great Recession
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