American Campus Communities Inc (ACC): Price and Financial Metrics

M&A wrap: Slingshot Aerospace does pair of deals; Shareholders approve $12.8B American Campus buyout

Austin- and California-based Slingshot Aerospace just completed two deals intended to accelerate space situational awareness and space traffic coordination efforts. Meanwhile, American Campus Communities is a step closer to being bought by funds controlled by Blackstone Inc., a giant in alternative investment management.

Yahoo | August 5, 2022

Celsius Holdings Set to Join S&P MidCap 400; Clearfield to Join S&P SmallCap 600

S&P SmallCap 600 constituent Celsius Holdings Inc. (NASD:CELH) will replace American Campus Communities Inc. (NYSE:ACC) in the S&P MidCap 400, and Clearfield Inc. (NASD:CLFD) will replace Celsius Holdings in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, August 10. Blackstone Inc. (NYSE: BX) is acquiring American Campus Communities in a transaction expected to be completed soon pending final conditions.

Yahoo | August 4, 2022

American Campus Communities’ Stockholders Approve Acquisition by Blackstone Funds

AUSTIN, Texas, August 04, 2022--American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that, at the concluded special meeting of stockholders held today, its stockholders approved the acquisition of the company by Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc., alongside Blackstone Property Partners L.P.

Yahoo | August 4, 2022

Beware Blackstone Real Estate Funds - Public REITs Are Better

Blackstone (BX) is among the world’s most successful money managers but keep in mind that success in that world is not determined by the returns provided to investors, but rather by the magnitude of AUM.

Blackstone’s 2Q22 earnings conference call revealed a company hellbent on raising AUM at all costs. They utilize a discrepancy in performance reporting between private and public to suggest an extraordinary amount of alpha to the tune of 3000 basis points. Fundamentally, however, their real estate fund performance was probably about in-line with public REITs.

Based on the tone of the call they seem to be making hay while the sun is shining ...

Dane Bowler on Seeking Alpha | July 29, 2022

Is American Campus Communities (ACC) Stock Outpacing Its Finance Peers This Year?

Here is how American Campus Communities (ACC) and Assurant (AIZ) have performed compared to their sector so far this year.

Yahoo | July 27, 2022