The ISU Tracking Ground Station was built in the scope of the Global Educational Network for Satellite Operations (GENSO) project, an endeavor involving students worldwide and promoted by the International Space Education Board (ISEB), an organization including the educational departments of some of the major space agencies worldwide. Switchboard:+1 (212) 583-5000. Ryan Dennison (512) 732-1000 American Campus Communities, Inc. (ACC) is the largest developer, owner and manager of student housing communities in the United States. The company expects the project to achieve an average occupancy of approximately 93 percent for 2022, and for the project to meet its original 2022 targeted yield with full stabilization at the 6.8 percent targeted yield in May 2023, as initially anticipated prior to the pandemic. American Campus Communities, Inc. (NYSE:ACC) today announced the following financial results for the quarter ended March 31, 2022. We significantly exceeded our fall lease-up expectations and generated NOI and FFOM per share growth above the high-end of our guidance. [2][3] The ISU faculty members include astronauts, space agency leaders, space engineers, space scientists, managers, and experts in space law and policy comprising an international collection of experts in technical and non-technical space-related fields. ***Our Leasing Center is located inside the Plaza Verde Community Center at 15000 Arroyo Drive ***. The year ended December 31, 2021 amount includes $2.6 million in accelerated amortization of unvested restricted stock awards due to the retirement of the company's President in August 2021 and $1.6 million in consulting, legal, and other related costs incurred in relation to stockholder activism activities in preparation for the company's annual stockholders' meeting. Consolidated Statements of Funds from Operations (FFO), (unaudited, dollars in thousands, except share and per share data), Net income attributable to ACC, Inc. and Subsidiaries common stockholders, Noncontrolling interests' share of net income (loss), Joint Venture ("JV") partners' share of FFO, JV partners' share of depreciation and amortization, FFO attributable to common stockholders and OP unitholders, Elimination of operations of on-campus participating properties ("OCPPs"), Modifications to reflect operational performance OCPPs, Elimination of loss from extinguishment of debt 3, Elimination of gain from early repayment of loan receivable, Elimination of litigation settlement (gain) expense 6, Stockholder engagement and other proxy advisory costs 7, Funds from operations-modified (FFOM) attributable to common stockholders and OP unitholders, Weighted-average common shares outstanding - The first ISU Summer Session Program (SSP) took place at MIT from 20 June to 20 August 1988 with the support of the major space agencies. Including its owned and third-party managed properties, ACCs total managed portfolio consisted of 204 properties with approximately 143,100 beds. AAU President Reiterates the Value of Diverse Campus Communities American Campus Communities, Inc. is a self-managed and self-administered real estate investment trust (REIT). Advanced the Companys ESG program as further outlined below and committed to a $5.0 million donation to ASU to support student scholarships and sustainability initiatives on the campus. Team Projects in which the SSP participants address a relevant space topic as an international, interdisciplinary, and intercultural team. The Executive Space Course (ESC) provides an overview of space and of space-related subjects for professionals of diverse backgrounds, including marketing, finance, law, and contract management, intended to improve their communication with technical colleagues. Highlights Fourth Quarter 2021 Reported net income attributable to ACC of $40.7 million or $0.29 per . During the quarter, commenced three third-party on-campus development projects at Drexel University, Princeton University and the University of California, Irvine. These statements are based on the Companys (as defined below) and BREITs, as applicable, current expectations and assumptions regarding markets in which American Campus Communities, Inc. (the Company) and BREIT respectively operates, their respective operational strategies, anticipated events and trends, the economy, and other future conditions. ISU was also granted full membership of the Space Agency Forum (SAF) in 1995. Supplemental Information and Earnings Conference Call. Refer to the ISU web site for more details. The project is anticipated to be structured as a third-party development with the full scope, transaction structure, feasibility, fees and timing yet to be finalized. the finalization of property tax rates and assessed values in certain jurisdictions. The company used the proceeds to repay borrowings on its revolving credit facility. Same store average occupancy increased to 96.0 percent versus 90.5 percent in the prior year period, and rental revenue per occupied bed increased by 3.1 percent. FFOM per Share Increased by more than 8% and Exceeded High-End of Fiscal 2021 Outlook Fiscal 2022 Outlook Anticipates 12-16% Growth in FFOM per Share American Campus Communities, Inc. (NYSE:ACC) today announced the following financial results for the quarter and year ended December 31, 2021. The average American Campus Communities salary ranges from approximately $35,600 per year for Office Manager to $60,329 per year for General Manager. This press release features multimedia. These risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements include thosediscussed in the Companys and BREITs filings with the Securities and Exchange Commission, including the Companys Annual Report on Form 10-K for the year ended December 31, 2021 under the heading Risk Factors and under the heading Business Forward-looking Statements and subsequent quarterly reports on Form 10-Q, as well as BREITs Form 10-K for the year ended December 31, 2021 in the section entitled Risk Factors, BREITs prospectus and in the other periodic reports BREIT files with the SEC. The International Space University has had permanent observer status with the United Nations Committee on the Peaceful Uses of Outer Space (COPUOS) of the United Nations Office for Outer Space Affairs since 1998. Individual Investors & Financial Advisors, The transaction was announced on April 19, 2022, Do Not Sell or Share My Personal Information. This radio telescope operates at a 1.42 GHz frequency (21-cm wavelength) where hydrogen atoms emit a strong spectral line. The Haystack Observatory, run by MIT, developed a Small Radio Telescope (SRT) for educational purposes, consisting of a 2.3-meter diameter standard satellite dish antenna. This habitat is designed to support two "astronauts" for missions of up to two weeks in duration. American Campus Communities, Inc. is the largest owner, manager and developer of high-quality student housing communities in the United States. Leasing Manager - 309 Green Job Opening in Champaign, IL at AMERICAN Belgium and Luxembourg lie to the north, Germany to the east and north, and Switzerland to the south. Rao, president of the Indian Space Research Organization; Dr. Harrison Schmitt, an Apollo 17 astronaut and former senator; Dr. Burton Edelson, Associate Administrator of NASA for Space, Science, and Applications; Dr. Gerard K. O'Neill from the Space Studies Institute; space pioneer Prof. Hermann Oberth; and Arthur C. Clarke, the visionary writer, along with many others.[10]. We also believe it is meaningful to present a measure we refer to as FFO-Modified, or (FFOM), which reflects certain adjustments related to the economic performance of our on-campus participating properties and excludes other items, as we determine in good faith, that do not reflect our core operations on a comparative basis. Additionally, subsequent to quarter end, the company commenced a third-party development project on the campus of Massachusetts Institute of Technology (MIT) in Boston. Theme days presenting keys/issues of space with an interdisciplinary approach. Individual Projects performed during the academic year and during an internship period. Blackstone is a global leader in real estate investing. This allows radio astronomers to detect hydrogen, the most abundant element of the Universe. REITWORLD 2021 INVESTOR PRESENTATION. [13] In 2017, ASU opened the Tooker House, the largest engineering residential college. Blackstones Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT), a U.S. non-listed REIT, and Blackstones European yield-oriented strategy. 2021 CITI GLOBAL PROPERTY CEO CONFERENCE INVESTOR PRESENTATION. The university offers a one or two-year Master in Space Studies . "Creating an International Space University". The official website for the company is www.americancampus.com. In a ceremonial gesture, the first international participants in the summer session were led by the four founders in a walk across the Charles River from MIT in Cambridge to Boston. The Governing Members of ISU are international organizations, industries, space agencies, academic institutions, and individual members. AAU President Reiterates the Value of Diverse Campus Communities We are committed to intentionally executing an evolving set of goals specific to inclusion, diversity, and accountability, driven by empathetic leadership and embraced by all. Emily Balog - Global Ambassador - Syracuse University Abroad - LinkedIn For press inquiries, contact [emailprotected]. The three months ended December 31, 2020 amount includes $0.2 million in consulting, legal, and other related costs incurred in relation to stockholder activism activities in preparation for the company's annual stockholders' meeting. It's not just about a great apartment and great amenities. American Campus Communities, Inc. is the largest owner, manager and developer of high-quality student housing communities in the United States. American Campus Communities - Facebook About American Campus Communities. Activist Land & Buildings to seek seat on American Campus Communities Finally, Metz Mtropole and Reims Metropole are the other two largest inter-urban communities (over 200 000 inhabitants). Privacy Policy | Terms of Use | Do Not Share My Personal Information. Austin, TX 78738, P: 512.732.1000|F: 512.732.2450 Blackstone to buy American Campus Communities for nearly $13 billion - CNBC The original offices of the fledgling ISU were located in a Victorian townhouse overlooking bustling Kenmore Square in Boston. Blackstone Funds Complete $13 Billion Acquisition of American Campus American Campus Communities Culture Commitments. PRESENTATION, https://www.businesswire.com/news/home/20220419005481/en/. Several optical and radio telescopes at ISU give students the opportunity of performing observations as well as the necessary analysis, which introduces them to typical techniques of astrophysical research and gives them a first-hand experience in the study of the invisible Universe. Dentons US LLP is serving as the Companys legal counsel. A reconciliation of the range provided for projected net income to projected FFO and FFOM is included in Table 5. As a result of today's announcement, ACC does not expect to host a conference call and webcast to discuss its financial results for the quarter ended March 31, 2022. NOI for the total owned portfolio increased 21.3 percent to $150.8 million for the quarter from $124.4 million in the comparable period of 2020.
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