American Campus Communities Celebrates 100th Development
August 06 2015 - 4:00PM
Business Wire
Breaks ground on off-campus student housing
project at West Virginia University
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 it is
celebrating its 100th student housing development with the
construction of U Club Sunnyside, an off-campus community serving
students attending West Virginia University (WVU).
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Since its beginnings in a 720-square-foot student suite atop
Austin’s Dobie Center in 1993, American Campus has developed 100
student communities across the country for universities and for its
own portfolio, totaling $4.6 billion and containing 65,000 beds.
Starting with its first development in 1996 at Prairie View A&M
University and now commencing its 100th development, American
Campus has once again achieved a major milestone.
“For us, developing student housing is not just about the bricks
and the mortar but about creating communities conducive to academic
success, healthy living and personal growth,” said Bill Bayless,
American Campus CEO. “Breaking ground on our 100th development at
WVU where I started my career as a resident assistant is so special
because that experience shaped the foundation of what ACC has
become and has positively impacted how college students all across
America live today.”
On July 29, University dignitaries, State representatives, local
officials, and the American Campus development team gathered to
celebrate this landmark event at a groundbreaking ceremony at the
site of the former Sunnyside Commons, which has been demolished to
make way for the development of U Club Sunnyside, a 536-bed modern
student community. Watch the YouTube video.
The ceremony speaker agenda included WVU President E. Gordon
Gee; Morgantown Mayor Marti Shamberger; Oliver Luck, WVU alum
(’82), former athletic director and American Campus board member;
George Capel, WVU student government association president; and
American Campus CEO Bill Bayless, also a WVU alum (’86).
Bayless’ dedication to his alma mater runs deep. Over the years,
American Campus has been involved in the development of three
additional projects for WVU including Lincoln Hall, Honors College,
and most recently College Park Apartments, which opened last
year.
Located in the Sunnyside District, U Club Sunnyside is a vital
component of Sunnyside Up, a redevelopment initiative to improve
the neighborhoods surrounding the WVU campus. American Campus
purchased Sunnyside Commons in 2008, and with the support of this
program, U Club Sunnyside residents will enjoy a premier
residential experience within walking distance to class, the
Mountainlair Student Union and student oriented retail.
U Club Sunnyside will offer an academically oriented and highly
amenitized housing option for WVU students. With spacious living
accommodations and a nearly 8,500-square-foot community center
featuring an academic success center with private study rooms,
large social lounge and state-of-the-art fitness center, students
will be positioned for success both academically and personally.
The community center’s outdoor amenity area will include a pool
with spa and recreation area.
Preleasing for U Club Sunnyside begins this fall on September 1
when the company will be opening its leasing center located at 2192
University Avenue, Morgantown 26505. More information can be found
at www.uclubsunnyside.com.
American Campus has been nationally recognized for its
development expertise when it was the recipient of the National
Association of Home Builders’ 2013 Multifamily Development Firm of
the Year Award. Additionally, over the last two decades American
Campus has acquired more than $5 billion in assets and currently
has a total enterprise value in excess of $7 billion.
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.
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