Form 8-K AMERICAN CAMPUS COMMUNIT For: Jun 08
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to
Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of report (Date of earliest event reported): June
8, 2015
AMERICAN CAMPUS
COMMUNITIES, INC.
AMERICAN
CAMPUS COMMUNITIES OPERATING
PARTNERSHIP LP
(Exact
name of Registrant as specified in its Charter)
Maryland |
001-32265 |
76-0753089 |
Maryland |
333-181102-01 |
56-2473181 |
(State or other jurisdiction of incorporation or organization) |
(Commission file number) |
(I.R.S. Employer Identification Number) |
12700 Hill Country Blvd., Suite T-200
Austin, TX 78738
(Address
of Principal Executive Offices) (Zip Code)
Registrant’s
telephone number, including area code: (512) 732-1000
Not
applicable
(Former Name or Former Address, If Changed Since Last
Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
⃞
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
⃞
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
⃞
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
⃞
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 7.01 Regulation FD Disclosure
American Campus Communities, Inc. (NYSE: ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today released an interim leasing update for the 2015-2016 academic year in connection with REITWeek 2015: NAREIT's Investor Forum®, which will begin on June 9, 2015. A copy of such information is attached hereto as Exhibit 99.1.
Such information is furnished pursuant to Item 7.01 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
The Exhibits to this Report are listed on the Exhibit Index attached hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Date: |
June 8, 2015 |
AMERICAN CAMPUS COMMUNITIES, INC. |
||||
|
||||||
|
|
By: |
/s/ Jonathan A. Graf |
|||
Jonathan A. Graf |
||||||
Executive Vice President, Chief Financial |
||||||
Officer, Secretary and Treasurer |
||||||
AMERICAN CAMPUS COMMUNITIES |
||||||
OPERATING PARTNERSHIP LP |
||||||
By: |
American Campus Communities Holdings |
|||||
LLC, its general partner |
||||||
By: |
American Campus Communities, Inc., |
|||||
its sole member |
||||||
By: |
/s/ Jonathan A. Graf |
|||||
Jonathan A. Graf |
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Executive Vice President, Chief |
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Financial Officer, Secretary and |
||||||
Treasurer |
EXHIBIT INDEX
Exhibit Number |
Title |
99.1 |
2015/2016 Leasing Update |
Exhibit 99.1
AMERICAN CAMPUS COMMUNITIES 2015/2016 LEASING STATUS Wholly-owned properties – summary Prior Year Applications + Leases Applications + Leases1 Rentable Beds2 % of Rentable Beds % of Rentable Beds Q4 2015 Same Store Wholly-owned Properties 75,986 81,409 93.3% 93.4% 81,647 97.7% New Wholly-owned Properties 5,335 6,572 81.2% n/a 6,586 n/a Total - Wholly-owned Properties 81,321 87,981 92.4% 93.4%4 88,233 97.7%4 Prior Year Leases Leases1 Rentable Beds2 % of Rentable Beds % of Rentable Beds Q4 2015 Same Store Wholly-owned Properties 70,604 81,409 86.7%6 85.8%6 81,647 97.7% 2.9% 2.9% New Wholly-owned Properties 4,932 6,572 75.0% n/a 6,586 n/a n/a n/a Total - Wholly-owned Properties 75,536 87,981 85.9%7 85.8%4, 7 88,233 97.7%4 2.9% 2.9% Current Projected Rate Increase 5 Current Year Design Beds Final Fall 2014 Occupancy3 Current Year Design Beds Final Fall 2014 Occupancy 3 Initial Projected Rate Increase Note: The same store grouping presented above for purposes of disclosing the pre-leasing status for the upcoming 2015/2016 academic year represents properties that will be classified as same store properties during the fourth quarter 2015 (the first full quarter of operations in the 2015/2016 academic year.) This represents properties purchased or developed prior to October 1, 2014. 1. As of June 5, 2015 for current year and June 5, 2014 for prior year. 2. Rentable beds exclude beds needed for on-site staff. 3. As of September 30, 2014. 4. Properties not owned or under ACC management during the prior year are excluded for purposes of calculating the prior year percentage of rentable beds and final fall 2014 occupancy. 5. Projected rate increase reflects projected rental rates anticipated to be achieved through the end of the company’s leasing cycle, up to targeted occupancy 6. Excluding three freshman residence hall communities at Arizona State University, which are subject to the university’s first year housing requirement and assignment process, our same store wholly-owned portfolio was 87.3% leased as of June 5, 2015 compared to 85.8% leased as of the same date prior year. 7. Excluding three freshman residence hall communities at Arizona State University, which are subject to the university’s first year housing requirement and assignment process, our total wholly-owned portfolio was 86.4% leased as of June 5, 2015 compared to 85.8% leased as of the same date prior year. Exhibit 99.1
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