American Campus Communities Announces Appointment of Acting Non-Executive Chairman of the Board
August 12 2015 - 4:00PM
Business Wire
American Campus Communities, Inc. (NYSE:ACC), the largest
owner, manager and developer of high-quality student housing
properties in the U.S., today announced that the company’s
independent, non-executive Chairman of the Board, R.D. Burck, is
temporarily relinquishing his chairman duties in order to focus on
recovering from a recently-diagnosed illness. Mr. Burck will remain
a member of the Board of Directors. Effective immediately, the
Board has appointed Edward Lowenthal, a longstanding member of the
Board and Chair of the Corporate Governance and Nominating
Committee, to serve as the acting independent, non-executive
Chairman of the Board during Mr. Burck’s absence.
“Dan Burck brings a wealth of knowledge and experience to ACC
that has greatly benefited our shareholders whom he represents, the
board as a whole, and our executive team,” said Bill Bayless,
American Campus CEO. “Since our IPO in 2004, Dan has served as a
mentor and role model for me and the entire American Campus
executive team. We are all grateful for the constructive insight
and guidance he has offered on behalf of our shareholders. All of
us at ACC wish Dan a fast and full recovery and look forward to him
returning to his Chairman role in the near future."
Forward-Looking Statements
In addition to historical information, this press release
contains forward-looking statements under the federal securities
law. These statements are based on current expectations, estimates
and projections about the industry and markets in which American
Campus operates management's beliefs, and assumptions made by
management. Forward-looking statements are not guarantees of future
performance and involve certain risks and uncertainties, which are
difficult to predict.
About American Campus Communities
American Campus Communities, Inc. is the largest owner, manager
and developer of high-quality student housing communities in the
United States. The company is a fully integrated, self-managed and
self-administered equity real estate investment trust (REIT) with
expertise in the design, finance, development, construction
management and operational management of student housing
properties. As of June 30, 2015, American Campus Communities owned
159 student housing properties containing approximately 96,400
beds. Including its owned and third-party managed properties,
American Campus Communities’ total managed portfolio consisted of
198 properties with approximately 126,800 beds. Visit
www.americancampus.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150812006220/en/
American Campus Communities, Inc.Ryan Dennison,
512-732-1000Investor Relations
American Campus Communit... (NYSE:ACC)
Historical Stock Chart
From Mar 2024 to Apr 2024
American Campus Communit... (NYSE:ACC)
Historical Stock Chart
From Apr 2023 to Apr 2024