| The Yield Hunter Let's make some money and sleep well at night |
| American Campus Communities A Residential REIT Financials for Period Ending 6/30/2008 |
Copyrights 2006-2007 SGM Publishing |
| Update 8/7/2008 |
American Campus Communities, Inc. (ACC), a real estate
investment trust (REIT), engages in the acquisition, design,
finance, development, lease, and management of student
housing properties in the United States. As of July 12, 2005,
the company owned and managed 25 student housing
properties, containing approximately 16,300 beds, as well as
managed 44 student housing properties, representing
27,600 beds. ACC also provides construction management
and development services for student housing properties
owned by colleges and universities, charitable foundations,
and others. In addition, it also provides third party property
management and leasing services. The company has elected
to be taxed as a REIT under sections 856 to 860 of the
Internal Revenue Code. As a REIT, it would not be subject to
federal income tax purposes, provided it distributes at least
90% of taxable income to its shareholders. ACC was founded
in 1993 and is based in Austin, Texas.
investment trust (REIT), engages in the acquisition, design,
finance, development, lease, and management of student
housing properties in the United States. As of July 12, 2005,
the company owned and managed 25 student housing
properties, containing approximately 16,300 beds, as well as
managed 44 student housing properties, representing
27,600 beds. ACC also provides construction management
and development services for student housing properties
owned by colleges and universities, charitable foundations,
and others. In addition, it also provides third party property
management and leasing services. The company has elected
to be taxed as a REIT under sections 856 to 860 of the
Internal Revenue Code. As a REIT, it would not be subject to
federal income tax purposes, provided it distributes at least
90% of taxable income to its shareholders. ACC was founded
in 1993 and is based in Austin, Texas.
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