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In 2008, the company acquired the student housing division of GMH Communities Trust in a $1.4 billion transaction, doubling the size of the company. [8] In 2011, the company received $132 million contract to build a 1,008-bed student housing complex at Northern Illinois University. [9]
It changed its name to Empiric Student Property plc in March 2014. [3] The first CEO was Paul Hadaway, but after incurring significant extra costs involved with establishing its "Hello Student" management and letting platform, [ 4 ] Hadaway stood down and the board instigated a major strategic review, [ 5 ] with steps being taken to bring costs ...
GCP Student Living (Gravis Capital Partners) was a large British investment trust dedicated to investments in student accommodation. The investment trust was a REIT focused on purpose-built private student accommodation in and around London.
AUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYS: ACC) , the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced the ...
In April 2016, the company completed the corporate spin-off of Highlands REIT. [12] In June 2016, the company sold its student housing division to a group including the CPP Investment Board for $1.4 billion. [13] [14] In October 2021, the company became a public company. [15] [16]
A Zillow analysis released in 2024 found that, as of 2022, the U.S. had a housing shortfall of 4.5 million homes, up from 4.3 million the year prior. Too few houses were built in the decade ...
It rebranded as a Hilton hotel in 2011, according to the Triangle Business Journal, who first reported the student housing plans. The 190-room hotel property was sold for $42 million late last ...
The five largest REITs in the United States are: American Tower Corporation, Prologis, Crown Castle International, Simon Property Group and Weyerhaeuser. [1] The following is a list of notable publicly-traded real estate investment trusts based in the United States. It does not include non-listed (private) REITs.
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