Current Report Filing (8-k)
April 07 2015 - 7:01AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
CURRENT
REPORT
PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of report (Date of earliest event reported): April
7, 2015
AMERICAN CAMPUS
COMMUNITIES, INC.
AMERICAN
CAMPUS COMMUNITIES OPERATING
PARTNERSHIP LP
(Exact
name of Registrant as specified in its Charter)
Maryland
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001-32265
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76-0753089
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Maryland
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333-181102-01
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56-2473181
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(State or other jurisdiction of
incorporation or organization)
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(Commission file number)
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(I.R.S. Employer
Identification Number)
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12700 Hill Country Boulevard., Suite T-200
Austin, TX 78738
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code: (512) 732-1000
Not
applicable
(Former name or former address, if changed since last
report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
⃞
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
⃞
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
⃞
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
⃞
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 7.01 Regulation FD Disclosure
American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager
and developer of high-quality student housing properties in the U.S.,
today released an interim leasing update for the 2015-2016 academic year
in connection with the Interface Student Housing Conference held in
Austin, TX, April 8 – 10, 2015. A copy of such information is attached
hereto as Exhibit 99.1.
Such information is furnished pursuant to Item 7.01 and shall not be
deemed "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934, or subject to the liabilities of that Section. The information
in this Current Report shall not be incorporated by reference in any
filing under the Securities Act of 1933 or the Securities Exchange Act
of 1934, except as shall be expressly set forth by specific reference in
such filing.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
The Exhibits to this Report are listed on the Exhibit Index attached
hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Date:
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April 7, 2015
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AMERICAN CAMPUS COMMUNITIES, INC.
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By:
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/s/ Jonathan A. Graf
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Jonathan A. Graf
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Executive Vice President, Chief Financial
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Officer, Secretary and Treasurer
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AMERICAN CAMPUS COMMUNITIES
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OPERATING PARTNERSHIP LP
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By:
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American Campus Communities Holdings
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LLC, its general partner
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By:
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American Campus Communities, Inc.,
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its sole member
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By:
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/s/ Jonathan A. Graf
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Jonathan A. Graf
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Executive Vice President, Chief
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Financial Officer, Secretary and
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Treasurer
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EXHIBIT INDEX
Exhibit
Number
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Title
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99.1
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2015/2016 Leasing Update
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AMERICAN CAMPUS COMMUNITIES
| 2015/2016 LEASING STATUS Wholly-owned properties – summary 12 Prior
YearApplications + LeasesApplications + Leases1Rentable Beds2% of
Rentable Beds% of Rentable BedsQ4 2015 Same Store Wholly-owned
Properties 67,178 86,491 77.7% 4 78.8%4 86,743 97.6% New Wholly-owned
Properties 4,0005,980 66.9% n/a 5,986 n/a Total - Wholly-owned
Properties 71,1789 2,471 77.0%5 78.8%5, 6 92,729 97.6%6 Prior Year
Leases Leases1Rentable Beds 2% of Rentable Beds % of Rentable Beds Q4
2015 Same Store Wholly-owned Properties 61,469 86,491 71.1%4 71.2%4
86,743 97.6% 2.8% 2.9% New Wholly-owned Properties 3,7875,980 63.3% n/a
5,986 n/a n/a n/a Total - Wholly-owned Properties 65,256 92,471 70.6%5
71.2%5, 6 92,729 97.6%6 2.8% 2.9% Current Projected Rate Increase7
Current Year Design Beds Final Fall 2014 Occupancy 3Current Year Design
Beds Final Fall 2014 Occupancy 3 Initial Projected Rate Increase Note:
The same store grouping presented above for purposes of disclosing the
pre-leasing status for the upcoming 2015/2016 academic year represents
properties that will be classified as same store properties during the
fourth quarter 2015 (the first full quarter of operations in the
2015/2016 academic year.) This represents properties purchased or
developed prior to October 1, 2014. As of April 3, 2015 for current year
and April 3, 2014 for prior year. Rentable beds exclude beds needed for
on-site staff. As of September 30, 2014. Excluding three freshman
residence hall communities at Arizona State University, which are
subject to the university’s first year housing requirement and
assignment process, our same store wholly-owned portfolio was 79.3%
applied for and 72.5% leased as of April 3, 2015 compared to 78.8%
applied for and 71.1% leased for the same date prior year. Excluding
three freshman residence hall communities at Arizona State University,
which are subject to the university’s first year housing requirement and
assignment process, our total wholly-owned portfolio was 78.5% applied
for and 71.9% leased as of April 3, 2015 compared to 78.8% applied for
and 71.1% leased for the same date prior year. Properties not owned or
under ACC management during the prior year are excluded for purposes of
calculating the prior year percentage of rentable beds and final fall
2014 occupancy. Projected rate increase reflects projected rental rates
anticipated to be achieved through the end of the company’s leasing
cycle, up to targeted occupancy. Exhibit 99.1
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