Attached files
| file | filename |
|---|---|
| 8-K - LEASING STATUS - AMERICAN CAMPUS COMMUNITIES INC | a8-kxleasingstatusupdate92.htm |
AMERICAN CAMPUS COMMUNITIES |
PORTFOLIO OVERVIEW1
Wholly-owned properties – summary
Design September 26, September 30, Occupancy Revenue
Property Type Beds 2016 2015 Change Change 2016/2017 2015/2016
2017 Same Store Wholly-owned Properties 75,388 97.3% 97.0% 0.3% 3.5% 3.8% 724$ 700$
New Wholly-owned Properties 3,737 91.9%
3
n/a n/a n/a n/a 769$ n/a
Total - Wholly-owned Properties 79,125 97.1% 97.0% n/a n/a n/a 726$ n/a
Total Held for Sale Properties4 12,083 94.2% 96.2% -2.0% 0.5% -1.5% 512$ 509$
Rental Revenue per leased
Bed for Academic Year2
Fall 2016
Final Rental
Change
Leasing Status as of
Note: The same store grouping above represents properties owned and/or operating for both the entire years ended December 31, 2016 and 2017, which are not conducting or planning to conduct substantial development or
redevelopment activities, and are not classified as held for sale as of September 30, 2016. This same store grouping is presented for purposes of disclosing the final leasing results for the 2016/2017 academic year, which will have a
significant effect on our results of operations for the year ended December 31, 2017.
1. Represents leasing status for the 2016/2017 academic year as of September 26, 2016, as compared to prior academic year final occupancy and rental rates as of September 30, 2015.
2. Represents average rental revenue per leased bed for the academic years presented.
3. Excluding Merwick Stanworth Phase II, a community which will serve faculty and staff members of Princeton University and is expected to stabilize in a manner consistent with a multi-family property during the first academic year,
consistent with the first phase Merwick Stanworth development, the company’s new wholly-owned properties occupancy is 97.6% percent.
4. Represents 19 properties classified as held for sale beginning on August 1, 2016.
Exhibit 99.1