American Campus Communities (NYSE: ACC), the nation’s largest
owner, manager and developer of high-quality student housing
properties in the U.S., announced that CEO Bill Bayless was named
the 2017 National Ernst & Young Entrepreneur Of The Year in the
category of Real Estate, Hospitality and Construction.
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Bill Bayless, American Campus
Communities, CEO (Photo: Business Wire)
Now in its 31st year, the Entrepreneur Of The Year Award
recognizes leaders and visionaries who demonstrate excellence and
extraordinary success in innovation, financial performance and
personal commitment to building world-class businesses and
supporting their communities. The Entrepreneur Of The
Year® winners are chosen from an independent panel of judges
including entrepreneurs and prominent leaders from business,
finance, and local community leaders. As the first and only truly
global awards program of its kind, Entrepreneur Of The Year
celebrates those who are building and leading successful, growing
and dynamic businesses, recognizing them through regional, national
and global awards programs in more than 145 cities in more than 60
countries.
Bayless forged his vision of what would someday become American
Campus Communities while he was still a student at WVU working as a
dishwasher, grill cook, night desk attendant, and as a resident
assistant at Summit Hall. In 1993, the 29-year-old Bayless
co-founded American Campus Communities with an ambitious mission to
improve housing and the quality of life for students. In 2004, he
led the student housing industry to a new plateau when ACC
successfully consummated its IPO on the New York Stock Exchange,
becoming the first publicly-traded student housing company in the
nation and introducing the sector to Wall Street and institutional
investors.
Today, ACC has a team of 3,200 nationwide with 350 located at
the home office in Austin, Texas. American Campus Communities
provides modern, academically oriented student communities to
nearly 130,000 students at more than 90 colleges and universities
across the country. His vision, passion, and tenacious
determination have not only fueled the success and prominence of
American Campus Communities but have also served as a catalyst for
the entire student housing industry becoming a well-respected asset
class within the commercial real estate sector.
“Once again, the hard work and success of the American Campus
Communities team have resulted in personal accolades,” Bayless
said. “I am humbled and honored by this recognition and am thrilled
that the entrepreneurial spirit of hard work, innovation and
pursuing your passion thrives at our company. The timing of this
honor is truly special as we are about to embark on our
25th anniversary. The ACC team’s commitment and dedication
to put students first continues to inspire me to further
build on the mission we set upon in 1993.”
Other Texas-based companies were recognized for innovation in
their own Entrepreneur Of The Year categories, including:
- Consumer Products and Retail: Kendra
Scott, Founder & CEO — Kendra Scott, LLC, Austin, TX
- Emerging: Dan Flaherty, Founder, and
Jason McCann, CEO — VARIDESK, Coppell, TX
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, 2017, American Campus Communities
owned 166 student housing properties containing approximately
102,500 beds. Including its owned and third-party managed
properties, ACC's total managed portfolio consisted of 204
properties with approximately 131,300 beds.
Visit www.americancampus.com.
About Entrepreneur Of The Year®
Entrepreneur Of The Year® is the world’s most prestigious
business awards program for entrepreneurs, chosen from an
independent panel of judges including entrepreneurs and prominent
leaders from business, finance, and local community leaders. The
program makes a difference through the way it encourages
entrepreneurial activity among those with potential and recognizes
the contribution of people who inspire others with their vision,
leadership and achievement. As the first and only truly global
awards program of its kind, Entrepreneur Of The Year celebrates
those who are building and leading successful, growing and dynamic
businesses, recognizing them through regional, national and global
awards programs in more than 145 cities in more than 60
countries. ey.com/eoy
About EY’s Growth Markets Network
EY’s worldwide Growth Markets Network is dedicated to serving
the changing needs of high-growth companies. For more than 30
years, we’ve helped many of the world’s most dynamic and ambitious
companies grow into market leaders. Whether working with
international mid-cap companies or early stage, venture-backed
businesses, our professionals draw upon their extensive experience,
insight and global resources to help your business succeed. For
more information, please visit us at ey.com/sgm or follow
news on Twitter @EY_Growth.
About EY
EY is a global leader in assurance, tax, transaction and
advisory services. The insights and quality services we deliver
help build trust and confidence in the capital markets and in
economies the world over. We develop outstanding leaders who team
to deliver on our promises to all of our stakeholders. In so doing,
we play a critical role in building a better working world for our
people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or
more of the member firms of Ernst & Young Global Limited, each
of which is a separate legal entity. Ernst & Young Global
Limited, a UK company limited by guarantee, does not provide
services to clients. For more information about our organization,
please visit ey.com.
Forward-Looking Statements
In addition to historical information, this press release
contains forward-looking statements under the applicable federal
securities law. These statements are based on management’s current
expectations and assumptions regarding markets in which American
Campus Communities, Inc. (the “Company”) operates, operational
strategies, anticipated events and trends, the economy, and other
future conditions. Forward-looking statements are not guarantees of
future performance and involve certain risks and uncertainties,
which are difficult to predict. For discussions of some risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied by the forward-looking statements,
please refer to our filings with the Securities and Exchange
Commission, including our Annual Report on Form 10-K for the year
ended December 31, 2016 under the heading “Risk Factors” and under
the heading “Business - Forward-looking Statements” and subsequent
quarterly reports on Form 10-Q. We undertake no obligation to
publicly update any forward-looking statements, including our
expected 2017 operating results, whether as a result of new
information, future events, or otherwise.
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