flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Investment firm Blackstone makes $13 billion acquisition in student-housing sector

Multifamily Housing

Investment firm Blackstone makes $13 billion acquisition in student-housing sector

Plans new developments under American Campus Communities flag to meet growing demand.


By Peter Fabris, Contributing Editor | April 26, 2022
Screen capture of Blackstone meeting
Screen capture of Blackstone meeting

Blackstone Inc., a New York-based investment firm, has agreed to buy student-housing owner American Campus Communities Inc.
 
The deal values the company at about $12.8 billion, indicating the firm expects rents to continue to rise as more college students return to campus. Austin, Texas-based ACC is the largest publicly traded owner and developer of student housing in the U.S.
 
Blackstone plans to build new properties under ACC’s platform, signalling the firm’s optimism that demand will continue to grow. The ACC deal is Blackstone’s largest student housing investment to date. Last summer, it agreed to buy a majority stake in eight student-housing properties for $784 million.
 
ACC owns 166 buildings across the U.S., including properties near Arizona State University and the University of California, Berkeley. Roughly one-quarter of its properties are on campus.

Related Stories

Giants 400 | Aug 22, 2022

Top 45 Engineering Architecture Firms for 2022

Jacobs, AECOM, WSP, and Burns & McDonnell top the rankings of the nation's largest engineering architecture (EA) firms for nonresidential buildings and multifamily buildings work, as reported in Building Design+Construction's 2022 Giants 400 Report.

Giants 400 | Aug 22, 2022

Top 80 Engineering Firms for 2022

Kimley-Horn, Tetra Tech, Langan, and NV5 head the rankings of the nation's largest engineering firms for nonresidential buildings and multifamily buildings work, as reported in Building Design+Construction's 2022 Giants 400 Report.

Giants 400 | Aug 21, 2022

Top 110 Architecture/Engineering Firms for 2022

Stantec, HDR, HOK, and Skidmore, Owings & Merrill top the rankings of the nation's largest architecture engineering (AE) firms for nonresidential and multifamily buildings work, as reported in Building Design+Construction's 2022 Giants 400 Report.

Giants 400 | Aug 20, 2022

Top 180 Architecture Firms for 2022

Gensler, Perkins and Will, HKS, and Perkins Eastman top the rankings of the nation's largest architecture firms for nonresidential and multifamily buildings work, as reported in Building Design+Construction's 2022 Giants 400 Report.

Giants 400 | Aug 19, 2022

2022 Giants 400 Report: Tracking the nation's largest architecture, engineering, and construction firms

Now 46 years running, Building Design+Construction's 2022 Giants 400 Report rankings the largest architecture, engineering, and construction firms in the U.S. This year a record 519 AEC firms participated in BD+C's Giants 400 report. The final report includes more than 130 rankings across 25 building sectors and specialty categories. 

Multifamily Housing | Aug 17, 2022

California strip mall goes multifamily residential

Tiny Tim Plaza started out as a gas station and a dozen or so stores. Now it’s a thriving mixed-use community, minus the gas station.

| Aug 17, 2022

New York to deploy 30,000 window-sized electric heat pumps in city-owned apartments

New York officials recently announced the state and the city will invest $70 million to roll out 30,000 window-sized electric heat pumps in city-owned apartments.

| Aug 16, 2022

Multifamily holds strong – for now

All leading indicators show that the multifamily sector is shrugging off rising interest rates, inflationary pressures and other economic challenges, and will continue to be a torrid market for design and construction firms for at least the rest of 2022.

| Aug 10, 2022

U.S. needs more than four million new apartments by 2035

Roughly 4.3 million new apartments will be necessary by 2035 to meet rising demand, according to research from the National Multifamily Housing Council (NMHC) and National Apartment Association.

Multifamily Housing | Aug 4, 2022

Faculty housing: A powerful recruitment tool for universities

Recruitment is a growing issue for employers located in areas with a diminishing inventory of affordable housing. 

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021