American Campus Communities Wins Five INNOVATOR Awards
April 21 2016 - 4:17PM
Business Wire
American Campus Communities, Inc. (NYSE:ACC), the largest owner,
manager and developer of high-quality student housing properties in
the U.S., today announced that the company received an
industry-leading five INNOVATOR Awards at the 2016 Interface
Conference sponsored by Student Housing
Business magazine. The company was recognized for excellence
in five categories, including Best Implementation of Mixed-Use in
New Development or Renovation, Best Use of Green & Sustainable
Construction or Development, Best Vendor or Operator Solution, Best
Renovation of Existing Project and Most Creative Financing.
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Since the inception of the Student Housing Business Innovator
Awards five years ago, ACC has received an industry-leading total
of 19 awards, furthering its best-in-class reputation among
colleges, universities and industry stakeholders. To date, ACC has
completed the development of more than 100 communities,
representing a total development of $5.3 billion, acquired in
excess of $6 billion in student properties, and currently owns and
manages more than 128,000 beds at 96 collegiate markets across the
country.
“We’re honored to have been recognized for both our on- and
off-campus communities across five categories,” said James Wilhelm,
ACC executive vice president of public/private transactions.
“Developing customized solutions that satisfy the unique needs of
colleges, universities and their students is a critical element for
our success, and ensures we stay true to our mission of providing
students with communities that offer a broad range of price points
and that are conducive to healthy living, personal success and
academic achievement.”
The individual awards are:
- On-campus: Best Implementation of
Mixed-Use in New Development or Renovation—The Summit at
University City at Drexel UniversityThe Summit at
University City, a 1,315-bed mixed-use urban residential community,
is the result of a successful partnership between Drexel University
and American Campus Communities via its American Campus Equity
(ACE®) program. The project provides students modern housing while
meeting Drexel’s goal to revitalize Lancaster Avenue with
high-quality restaurants and a lively mix of retailers catering to
students, Drexel faculty and staff, and neighborhood
residents.
- On-campus: Best Use of Green &
Sustainable Construction or Development—Lakeside
Apartments at Princeton UniversityLakeside Apartments is
a vibrant, 715-bed graduate housing complex that provides a
healthy, comfortable, durable, energy-efficient and environmentally
responsible place for students to live. The project includes a
unique complex of 13 residential buildings that are all linked to a
central ground source heat pump, which is expected to reap
significant energy savings throughout the project’s lifespan, along
with a number of other sustainable features.
- On-campus: Best Vendor or Operator
Solution—Hotwire Communications at Prairie View
A&M UniversityAt Prairie View A&M University, American
Campus Communities planned a complete overhaul of the aging
wireless Internet network at its on-campus student housing
properties—a massive undertaking that stretched across 1,500
apartment units and numerous common areas. In just four months, the
student housing technology experts at Fision U designed and
installed a best-in-class wireless solution within strict budgetary
parameters and without interrupting service to more than 3,800
student residents.
- Off-campus: Best Renovation of
Existing Project—The Castilian in Austin, TXAfter
decades of use, the aged campus icon, the Castilian, located across
the street from The University of Texas campus along the bustling
Guadalupe Street drag, was in need of modernization to better serve
today’s students and make the property more operationally
efficient. Working with Sixthriver Architects and Harvey-Cleary
Builders, ACC renovated the beloved student housing community with
new interiors, updated aging systems and addressed deferred
maintenance needs, increasing occupancy by more than 20 percentage
points.
- Off-campus: Most Creative
Financing—University Walk in Knoxville,
TNAmerican Campus Communities financed University Walk by
leveraging the public company’s robust balance sheet to meet the
specific needs of a merchant developer, while advancing ACC’s
long-term goal of acquiring core pedestrian real estate at an
attractive cost basis near a top-tier university. The $34.5 million
project, consisting of 177 units and 526 beds, delivered positive
returns for all parties involved.
The annual INNOVATOR Awards are sponsored and executed
by Student Housing Business (SHB) magazine, and designed
to honor excellence in development, architecture/design,
sustainable design and development, finance, marketing and
promotion and amenities in student housing properties, on- and
off-campus. Winners are selected by a jury of student housing
industry executives.
About American Campus Communities
American Campus Communities, Inc. is the largest owner, manager
and developer of high-quality student housing communities in the
United States. The company is a fully integrated, self-managed and
self-administered equity real estate investment trust (REIT) with
expertise in the design, finance, development, construction
management and operational management of student housing
properties. As of December 31, 2015, American Campus Communities
owned 162 student housing properties containing approximately
99,400 beds. Including its owned and third-party managed
properties, ACC's total managed portfolio consisted of 201
properties with approximately 128,900 beds.
Visit www.americancampus.com.
Forward-Looking Statements
In addition to historical information, this press release
contains forward-looking statements under the federal securities
law. These statements are based on current expectations, estimates
and projections about the industry and markets in which American
Campus operates, management's beliefs, and assumptions made by
management. Forward-looking statements are not guarantees of future
performance and involve certain risks and uncertainties, which are
difficult to predict.
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