Attached files
| file | filename |
|---|---|
| 8-K - 8-K - AMERICAN CAMPUS COMMUNITIES INC | a8-kxleasingstatusupdate.htm |
2017 / 2018 Leasing Status
Current Year Prior Year
Applications + Rentable % of Rentable % of Rentable Design Final Fall 2016
Applications + Leases Leases1 Beds2 Beds Beds Beds Occupancy3
2018 Same Store Wholly-owned Properties
Final Fall 2016 occupancy of 98% or greater 45,488 53,029 85.8% 86.1% 53,154 99.8%
Final Fall 2016 occupancy between 95% and 98% 6,713 9,055 74.1% 75.3% 9,086 96.9%
Final Fall 2016 occupancy less than 95% 10,028 16,280 61.6% 54.3% 16,391 88.5%
Total 2018 Same Store Wholly-owned Properties 62,229 78,364 79.4% 78.3%4 78,631 97.1%
New Wholly-owned Properties5 4,187 7,383 56.7% n/a 7,454 n/a
Total - Wholly-owned Properties 66,416 85,747 77.5% n/a 86,085 n/a
Current Year Prior Year Initial Current
Rentable % of Rentable % of Rentable Design Final Fall 2016 Projected Rate Projected Rate
Leases Leases1 Beds2 Beds Beds Beds Occupancy3 Increase Increase6
2018 Same Store Wholly-owned Properties
Final Fall 2016 occupancy of 98% or greater 41,857 53,029 78.9% 80.2% 53,154 99.8%
Final Fall 2016 occupancy between 95% and 98% 6,170 9,055 68.1% 62.8% 9,086 96.9%
Final Fall 2016 occupancy less than 95% 8,698 16,280 53.4% 49.3% 16,391 88.5%
Total 2018 Same Store Wholly-owned Properties 56,725 78,364 72.4% 71.9%4 78,631 97.1% 2.9% 2.9%
New Wholly-owned Properties5 3,557 7,383 48.2% n/a 7,454 n/a n/a n/a
Total - Wholly-owned Properties 60,282 85,747 70.3% n/a 86,085 n/a 2.9% 2.9%
Note: The same store grouping presented above for purposes of disclosing the pre-leasing status for the upcoming 2017/2018 academic year represents properties that will be classified as same store
properties in 2018. This represents properties properties owned and operating for both of the entire years ended December 31, 2017 and 2018, which are not conducting or planning to conduct substantial
development or redevelopment activities, and are not classified as held for sale as of December 31, 2016.
1. As of March 31, 2017 for current year and March 31, 2016 for prior year.
2. Rentable beds exclude beds needed for on-site staff.
3. As of September 30, 2016.
4. Properties not owned or under ACC management during the prior year, or properties whose leasing progress is not comparable to the prior year as a result of plans to renovate or redevelop the
property, are excluded for purposes of calculating the prior year percentage of rentable beds.
5. Properties currently under construction with an anticipated delivery date of Fall 2018 are not included because these properties will not begin undertaking leasing activities until Fall 2017.
6. 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