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8-K - AMERICAN CAMPUS COMMUNITIES, INC. 8-K - AMERICAN CAMPUS COMMUNITIES INCa50841698.htm


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AMERICAN CAMPUS COMMUNITIES | 2014/2015 LEASING STATUS Wholly-owned properties – summary 12 Prior Year Applications + Leases Applications + Leases1 Rentable Beds2 % of Rentable Beds % of Rentable Beds Q4 2014 Same Store Wholly-owned Properties 69,124 87,660 78.9% 71.2% 88,765 96.8% New Wholly-owned Properties 5,048 5,622 89.8% n/a 5,656 n/a Total - Wholly-owned Properties 74,172 93,282 79.5% 71.2% (4) 94,421 96.8% (4) Prior Year Leases Leases1 Rentable Beds2 % of Rentable Beds % of Rentable Beds Q4 2014 Same Store Wholly-owned Properties 61,790 87,660 70.5% 64.7% 88,765 96.8% 2.0% 2.1% New Wholly-owned Properties 4,685 5,622 83.3% n/a 5,656 n/a n/a n/a Total - Wholly-owned Properties 66,475 93,282 71.3% 64.7% (4) 94,421 96.8% (4) 2.0% 2.1% Current Projected Rate Increase5 Current Year Design Beds Final Fall 2013 Occupancy3 Current Year Design Beds Final Fall 2013 Occupancy3 Initial Projected Rate Increase5 Note: The same store grouping presented above for purposes of disclosing the pre-leasing status for the upcoming 2014/2015 academic year represents properties that will be classified as same store properties during the fourth quarter 2014 (the first full quarter of operations in the 2014/2015 academic year.) This represents properties purchased or developed prior to October 1, 2013. 1. As of April 7, 2014 for current year and April 7, 2013 for prior year. 2. Rentable beds exclude beds needed for on-site staff. 3. As of September 30, 2013. 4. Properties not owned or under ACC management during the prior year are excluded for purposes of calculating the prior year percentage of rentable beds and final fall 2013 occupancy. 5. Projected rate increase reflects projected rental rates anticipated to be achieved through the end of the company’s leasing cycle, up to targeted occupancy. Exhibit 99.1