Attached files
| file | filename |
|---|---|
| 8-K - 8-K - AMERICAN CAMPUS COMMUNITIES INC | a8-kxleasingstatusupdate92.htm |
Portfolio Overview1
Wholly-owned properties - summary
Leasing Status as of Fall 2017 Rental Revenue per Leased
Design September 24, September 30, Occupancy Rental Rate Revenue Bed for Academic Year2
Property Type Beds 2017 2016 Change Change Change 2017/2018 2016/2017
2018 Same Store Wholly-owned Properties 77,771 96.6% 97.2% -0.6% 2.9% 2.3% $ 751 $ 730
New Wholly-owned Properties3 10,080 86.7% n/a n/a n/a n/a $ 751 n/a
Total - Wholly-owned Properties 87,851 95.5% 97.2% n/a n/a n/a $ 751 n/a
Note: The same store grouping presented above represents properties that will be classified as same store properties in 2018. This represents 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. This same store grouping
is presented for purposes of disclosing the final leasing results for the 2017/2018 academic year, which will have a significant effect on our results of operations for the year ended December 31, 2018.
1. Represents leasing status for the 2017/2018 academic year as of September 24, 2017, as compared to prior academic year final occupancy and rental rates as of September 30, 2016.
2. Represents average rental revenue per leased bed for the academic years presented.
3. Includes 2017 development deliveries and four properties acquired in 2017. Excludes TWELVE at U District, a multi-family property that was acquired in the second quarter of 2017, which the company
plans to convert to by-the-bed leasing over the next two leasing cycles.
Exhibit 99.1