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REIT Buys Student-Housing Portfolio for $127.7M

American Campus Communities Purchases 990 Units in Kentucky, Michigan, Ohio, West Virginia
By Andrew C. Burr
February 22, 2007 | 6:43 P.M.

American Campus Communities (ACC), an Austin, TX-based student-housing REIT, completed the acquisition of four student-housing communities spanning four states for a total of $127.7 million. The purchase was made in two separate transactions and is comprised of 2,639 beds in 990 units.

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