American Campus Communities Appoints John T. Rippel to Board of Directors
March 08 2018 - 5:18PM
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 the appointment of John T.
Rippel to the company’s Board of Directors, effective immediately.
Rippel will serve as an independent director of the company and as
a member of the Audit Committee of the Board.
Rippel is a founding partner of Alliance Residential Company,
one of the largest private U.S. multifamily companies, and has been
its chief investment officer since 2001 with responsibility for
identifying development opportunities and directing the acquisition
process for existing communities throughout the country. Rippel
began his multifamily career in 1982 as the partner in charge of
south Texas development and acquisition for Trammell Crow
Residential. In 1994, he led his division to the successful initial
public offering of Gables Residential, where he served as a
director and its president and chief operating officer. Prior to
joining Trammell Crow Residential, Rippel was a CPA with Kenneth
Leventhal Company, a national public accounting firm which is now a
part of Ernst & Young. Rippel obtained his BBA from The
University of Texas at Austin.
American Campus Communities CEO Bill Bayless commented, "John's
deep knowledge of real estate investment and development, coupled
with his REIT, leadership and management experience, makes him an
ideal addition to the board. I am excited at the prospect of John
joining our team and look forward to working with him."
"We conducted an exhaustive search for people who would further
strengthen our board’s breadth of talent and background, and we are
delighted to have identified such an outstanding individual," said
Ed Lowenthal, American Campus Communities’ Chairman of the Board.
"We believe that having a board comprised of directors with
widely-varying backgrounds provides a more robust perspective,
better enabling oversight in driving sustainable financial
performance in the current complex and rapidly-evolving business
environment. In addition, working to advance this effort, we have
retained a third party to assist us in identifying other Board
members to complement our Board diversity."
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 December 31, 2017, American Campus Communities
owned 169 student housing properties containing approximately
104,100 beds. Including its owned and third-party managed
properties, ACC's total managed portfolio consisted of 206
properties with approximately 134,100 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. 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.
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American Campus Communities, Inc.Ryan Dennison,
512-732-1000Investor Relations
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