AUSTIN, Texas--(BUSINESS WIRE)--American Campus Communities, Inc. (NYSE: ACC), the nation’s largest owner and manager of high-quality student housing properties, today announced that on July 30, 2015, Standard and Poor’s (“S&P”) upgraded its outlook on the company from stable to positive and affirmed their corporate credit rating of BBB-.
S&P based the outlook upgrade on the company’s improving credit metrics and expectations for continued strong operating performance supported by favorable tailwinds in the modern student housing sector.
About American Campus Communities
American Campus Communities, Inc. is the largest owner, manager and developer of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties. As of June 30, 2015, American Campus Communities owned 159 student housing properties containing approximately 96,400 beds. Including its owned and third-party managed properties, ACC's total managed portfolio consisted of 198 properties with approximately 126,800 beds. Visit www.americancampus.com.