American Campus Communities, Inc. Announces Dennis Lopez Leaving Board of Directors
November 06 2017 - 5:00PM
Business Wire
American Campus Communities, Inc. (NYSE: ACC), the nation’s
largest owner and manager of high-quality student housing
properties in the U.S., today announced that Dennis G. Lopez has
resigned as a member of its board of directors effective November
6, 2017 due to the time demands of his new role as Chief Executive
Officer of QuadReal Property Group. The board is currently
contemplating adding one or more additional directors in the
future.
“Dennis has played an important role on our board,” said Bill
Bayless, ACC CEO. “His judgment and financial acumen have benefited
our company and our stockholders and we wish Dennis and QuadReal
great success.”
“It is with regret that the board accepts Dennis's resignation,”
said Ed Lowenthal, American Campus Board Chairman. “We would like
to sincerely thank Dennis for his valuable contributions, support
and sound advice as a member of the board.”
"My experience at ACC has been exceptional, and my departure is
with great regret," said Dennis Lopez. "ACC is an extremely
well-managed company and a market leader of the student housing
industry."
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.
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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version on businesswire.com: http://www.businesswire.com/news/home/20171106006035/en/
American Campus Communities, Inc.Ryan Dennison,
512-732-1000Investor Relations
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