American Campus Communities is one of the nation's largest developers, owners and managers of high-quality student housing communities. We led the industry to a new plateau in 2004 when we became the first publicly traded student housing REIT (NYSE: ACC). Since 1996, we've developed more than $2.5 billion in properties for our own account and our university clients, and we have acquired in excess of $2.4 billion in student housing assets. Also, we've become a national leader in third-party development and management of on-campus student housing, having been awarded the development of 50 on-campus projects (in addition to our 13 projects developed off campus). Our commitment to our college and university partners is evidenced in our strong ongoing relationships. Almost half of our on-campus developed communities (24 of 50) came from additional projects awarded to us after we had successfully completed a previous community.A deep-rooted understanding of the industry drives the American Campus team. Seven members of our corporate staff at the level of vice president and above began their careers as resident assistants while attending college. Throughout their collective careers, our senior staff has been involved in the development, acquisition or management of more than 214 student housing properties, consisting of more than 127,700 beds at over 173 colleges and universities. This unparalleled experience guides how we analyze student markets, underwrite acquisitions, design and construct our developments, and how we market, lease and operate our communities.
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