|[November 13, 2012]
American Campus Communities Promotes William Talbot to Chief Investment Officer
AUSTIN, Texas --(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's board of directors has promoted
William Talbot to chief investment officer. In this role, Talbot will
provide strategic direction and executive oversight of the investment
platform, which includes acquisition and development activity, as well
as dispositions and asset management, for the Austin-based company with
$4.5 billion in gross assets.
Talbot has served American Campus for more than 11 years, most recently
as executive vice president of investments. Talbot joined ACC in 2001 as
the director of investments when the company's total assets were
approximately $250 million. Over the years, his career advanced as the
director of asset management and investments, the vice president of
acquisitions, and as the senior vice president of
acquisitions/investments. Since 2004, including those projects currentl
under contract, Talbot has been involved with the acquisition of more
than 130 properties totaling approximately $4.0 billion including the
public merger of GMH Communities Trust and the portfolio acquisitions of
Royal Properties, Campus Acquisitions and 19 properties from Kayne
Anderson scheduled to close during the fourth quarter.
"William Talbot's strategic leadership, transaction acumen and
collaboration within the organization have been instrumental in creating
value for the company," said Bill Bayless, American Campus CEO. "He is
the right person to lead the investment team during a time of industry
consolidation and high-quality growth for the company."
About American Campus Communities
American Campus Communities, Inc. is the largest developer, owner and
manager 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. American
Campus Communities owns 141 student housing properties containing
approximately 86,800 beds. Including its owned and third-party managed
properties, ACC's total managed portfolio consists of 168 properties
with approximately 109,300 beds.
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 Communities
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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