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Article: ACC Selected to Develop ACE(TM) Student Housing at Boise State University.
- Article from:
- Business Wire
- Article date:
- April 25, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AUSTIN, Texas -- American Campus Communities, Inc. (NYSE:ACC), one of the nation's largest owners, managers and developers of high-quality student housing properties, today announced that the company has been selected by Boise State University to begin the planning process for the development of an ACE project. This potential multi-phased project could ultimately result in a housing development containing approximately 2,000 beds.
Under the ACE transaction structure, American Campus invests its equity to own on-campus housing via a traditional long-term ground lease. This allows the university to increase its housing supply with modern, well-amenitized student ...