{"id":19193,"date":"2022-04-19T07:51:58","date_gmt":"2022-04-19T14:51:58","guid":{"rendered":"https:\/\/marketdepth.com\/?p=19193"},"modified":"2022-04-19T07:52:00","modified_gmt":"2022-04-19T14:52:00","slug":"blackstone-core-to-acquire-american-campus-communities-inc-in-12-8b-deal","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/blackstone-core-to-acquire-american-campus-communities-inc-in-12-8b-deal\/","title":{"rendered":"Blackstone Core+ to Acquire American Campus Communities, Inc. in $12.8B Deal"},"content":{"rendered":"\n

American Campus Communities, Inc. (NYSE: ACC) <\/strong>today announced <\/a>that Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc., alongside Blackstone Property Partners, will acquire the company in an all-cash transaction valued at approximately $12.8 billion.<\/p>\n\n\n\n

Up Over 12% Premarket<\/h5>\n\n\n\n

Shares of American Campus Communities, Inc. (NYSE: ACC) gained over 12% during the premarket trading period.<\/p>\n\n\n\n

“Through our IPO, eighteen years ago, we began our pioneering quest to transform the student housing sector into a mainstream, institutional asset class within the commercial real estate sector.\u201d<\/p>Bill Bayless, American Campus Communities Co-founder & Chief Executive Officer<\/cite><\/blockquote>\n\n\n\n

The purchase price represents a premium of 22% to the 90-calendar day volume-weighted average share price ending April 18th, 2022, with Blackstone Core+ to acquire all outstanding shares of common stock of ACC for $65.47 per fully diluted share in an all-cash transaction.<\/p>\n\n\n\n

\u201cAmerican Campus Communities has a best-in-class portfolio and platform, built on longstanding relationships with some of the most distinguished and fastest growing universities in the country. Our perpetual capital will enable ACC to invest in its existing assets and create much-needed new housing in university markets. We\u2019re excited to work with the ACC team to deliver communities where students love living.\u201d<\/p>Jacob Werner, Co-Head of Americas Acquisitions for Blackstone Real Estate<\/cite><\/blockquote>\n","protected":false},"excerpt":{"rendered":"American Campus Communities, Inc. (NYSE: ACC) today announced that Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc., alongside Blackstone Property Partners, will acquire the company in an all-cash transaction valued at approximately $12.8 billion. Up Over 12% Premarket Shares of American Campus Communities, Inc. (NYSE: ACC) gained over 12%… View Article<\/a>","protected":false},"author":3,"featured_media":18714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[31,17,11,16],"tags":[],"acf":[],"yoast_head":"\nBlackstone Core+ to Acquire American Campus Communities, Inc. in $12.8B Deal - MarketDepth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marketdepth.com\/blackstone-core-to-acquire-american-campus-communities-inc-in-12-8b-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackstone Core+ to Acquire American Campus Communities, Inc. in $12.8B Deal - MarketDepth\" \/>\n<meta property=\"og:description\" content=\"American Campus Communities, Inc. (NYSE: ACC) today announced that Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc., alongside Blackstone Property Partners, will acquire the company in an all-cash transaction valued at approximately $12.8 billion. Up Over 12% Premarket Shares of American Campus Communities, Inc. (NYSE: ACC) gained over 12%... 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