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American Campus Communities closes $508M sale of non-core assets

Published 11/15/2016, 04:07 PM
American Campus Communities closes $508M sale of non-core assets
ACC
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  • The 19 properties totaled more than 12K beds, and the sale price of $508M represents an average cap rate of 6.1%.
  • Adding this sale to two other dispositions earlier this year, ACC has completed $582M of non-core sales in 2016, with capital to be redirected into the $603M development pipeline.
  • Two other non-core properties are still on the block.

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