American Campus Communities Appoints Edward Lowenthal as Non-Executive Chairman of the Board
November 10 2015 - 4:01PM
Business Wire
American Campus Communities, Inc. (NYSE:ACC) today announced
that longstanding board member and acting non-executive Board
Chairman, Edward Lowenthal, has been appointed as the permanent
independent, non-executive chairman of the board.
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Edward Lowenthal, non-executive chairman
of the board, American Campus Communities, Inc. (Photo: Business
Wire)
“Ed has served on the American Campus Communities board of
directors and as chair of the nominating and corporate governance
committee since our IPO in 2004,” said Bill Bayless, ACC CEO. “With
over 30 years of real estate leadership experience in both public
and private entities, Ed will continue to be a real asset as our
chairman, working to ensure American Campus Communities makes a
positive impact for all stakeholders.”
Oliver Luck has been appointed to replace Mr. Lowenthal as
chairman of the nominating and corporate governance committee.
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 September 30, 2015, American Campus Communities
owned 158 student housing properties containing approximately
96,300 beds. Including its owned and third-party managed
properties, ACC's total managed portfolio consisted of 197
properties with approximately 125,800 beds. Visit www.americancampus.com.
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.
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American Campus Communities, Inc.Ryan Dennison,
512-732-1000Investor Relations
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