Justia Opinion Summary. Our activities can make a profound difference in peoples lives, and in that spirit, we have committed a $5.0 million donation to ASU, which will be used to support student scholarships and sustainability initiatives such as extending LEED-certified campus hardscape, reclaiming and reusing wastewater in facilities, and supporting a transition to campus vehicle electrification.. Rao, president of the Indian Space Research Organization; Dr. Harrison Schmitt, an Apollo 17 astronaut and former senator; Dr. Burton Edelson, Associate Administrator of NASA for Space, Science, and Applications; Dr. Gerard K. O'Neill from the Space Studies Institute; space pioneer Prof. Hermann Oberth; and Arthur C. Clarke, the visionary writer, along with many others.[10]. Revenue totaled $272.3 million, an increase of 16.9 percent from $233.0 million in the fourth quarter 2020, and operating income for the quarter totaled $73.4 million versus $51.1 million in the prior year fourth quarter. The Board of Trustees determines ISU's overall objectives, oversees the university's affairs and appoints the ISU President. Lectures covering all major disciplines related to space, with corresponding workshops and roundtables. The project is anticipated to be structured as a third-party development with the full scope, transaction structure, feasibility, fees and timing yet to be finalized. For information on our privacy practices see our Privacy Policy. Ryan Dennison (512) 732-1000 FFOM per Share Increased by more than 8% and Exceeded High-End of Fiscal 2021 Outlook, Fiscal 2022 Outlook Anticipates 12-16% Growth in FFOM per Share. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Concepts, Applications and Markets for Micro/Nanosatellites in a New Information World[115], The Space Transportation Market: Evolution or Revolution? Additionally, subsequent to quarter end, commenced a third-party development project on the campus of Massachusetts Institute of Technology (MIT). A guide to future space stations", "OASIS: operations and service infrastructure for space", "Space and STEM: one giant leap for education", "Cooperation of Humans and Robots for Mars", "GO SSP: guidebook on small satellite programs", "H2OPE: Tigris Euphrates and the global water crisis", "ecoSpace: Initiatives for environmentally sustainable launch activities", "ASTRA: Asteroid Mining Technologies Roadmap and Applications", "REFOCUS: Respect Earth: Future Opportunity in Carbon Understanding and Sustainability", "ACCESS Mars: Assessing Cave Capabilities Establishing Specific Solutions", "SAFEN EARTH: Space Aid for Energy Needs on Earth", "DREAM: Disaster Risk Evaluation And Management", "FuturIST: Future Infrastructure for Space Transportation", "VAPOR: Volcanic Activity: Processing of Observation and Remote sensing data: an integrated framework for early warning and hazard tracking of volcanic activity on Earth", "Noumenia: Building on the Google Lunar X prize", "DOCTOR: Developing On-Orbit Servicing Concepts Technology Options and Roadmap", "Phoenix: Lunar Biological and Historical Archive", "TREMOR: Technology Resources for Earthquake Monitoring and Response", "Luna Gaia: A closed loop habitat for the Moon", "SOL: Earth Observation Systems for Small Countries and Regions", "FLAMA: Fire Logistics And Management Approach", "CASSANDRA': A strategy to protect our planet from near-earth objects", "REVOLUTION: Robotic Eexploration of Venus to study planetary evolution", "CONNECTS: The role of satellite communications in the development of rural and remote regions", "STREAM: Space Technologies for the Research of Effective wAter Management", "LunAres: International Lunar exploration in preparation for Mars", "Ecosphere: Earth Climate Observation System Promoting Human Ecological Research & Education", "TRACKS TO SPACE: Technology Research Advancing Cooperative Knowledge Sharing to Space", "METZTLI: An International Space Station Approach to Lunar Exploration", "HI-STAR: Health Improvement using Space Technology and Resources", "C.A.S.H. Blackstones Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT), a U.S. non-listed REIT, and Blackstones European yield-oriented strategy. Housing Project Is Under Way", "American Campus Communities Breaks Ground on Student Housing Project at West Virginia University", "ASU's Tooker House earns awards at Student Housing Conference", "Disney Breaks Ground on $630M Student Housing Project", "Northeastern University, The City of Boston and American Campus Communities Come Together to Open LightView Student Living", "Northeastern University, The City of Boston and American Campus Communities Come Together to Open LightView Student Living Community", "American Campus Communities Collaborates with RB, the Makers of Lysol, to Create Comprehensive Disinfection and Hygiene Education Protocol for Student Housing", "Blackstone Completes $12.8 Billion Acquisition of American Campus Communities", "Student Housing & Student Apartments - News & Media - American Campus Communities", "Credit Ratings - American Campus Communities", "Student Housing & Student Apartments - Executive Team - American Campus Communities", "American Campus receives 2013 Development Firm of the Year and other accolades by NAHB", "Austin firm named to Forbes' 'most trustworthy' list", "Texas Partners Honor 60 Best Companies to Work for in Texas at Awards Luncheon", "American Campus Communities Wins Five Innovator Awards from Student Housing Business Magazine", "The 2015 Student Housing Business Innovator Award Winners", "American Campus Communities Named in the Inaugural Texan by Nature 20", "Texan by Nature Recognizes American Campus Communities as Conservation and Sustainability Leader", "Multifamily Pillars of the Industry Awards: 2020 Winners", "American Campus Communities Earns Great Place to Work Certification", https://en.wikipedia.org/w/index.php?title=American_Campus_Communities&oldid=1145819517, Pioneered on-campus equity transaction structure (ACE), Achieved Investment Grade Rating from Moody's and Standard & Poor's, CEO Bill Bayless was the Regional Winner of the Ernst and Young Entrepreneur of the Year award, and was subsequently named as a National Finalist (2007), National Association of Home Builders (2013) Development Firm of the Year, In 2015, CEO Bill Bayless was featured by Commercial Property Executive as one of commercial real estate's Most Innovative Executives, Student Housing Business 5 INNOVATOR Awards (2016), Student Housing Business 8 INNOVATOR Awards (2015), Texan by Nature 20 (TxN20) Honoree, an official ranking of the Top 20 Texas-based companies leading conservation and sustainability in 2019 and 2020, National Association of Home Builders Pillars of the Industry Award: Best in Green Market Rate Multifamily Community for Plaza Verde at University of California, Irvine in 2019, Great Place to Work Certification based on employees feedback on the Trust Index Survey administered by Great Place to Work for 2020, Globe St. CRE Best Bosses Awarded to CEO Bill Bayless in 2020. Highlights Reported net income attributable to ACC of $39.2 million or $0.27 per fully diluted share, versus $15.6 million or $0.11 per fully diluted share in the first quarter 2021. FFO totaled $107.5 million, or $0.76 per fully diluted share, compared to $89.9 million, or $0.65 per fully diluted share in the prior year quarter. KeyBanc Capital Markets Inc. also acted as a financial advisor. ISU was founded on the "3-Is" philosophy providing an Interdisciplinary, Intercultural, and International environment for educating and training space professionals and post-graduate students. In addition to historical information, this press release contains forward-looking statements under the applicable federal securities law. The acquisition was completed in August 2022. Austin, Texas and New York August 9, 2022 Blackstone (NYSE: BX) today announced that Blackstone Core+ perpetual capital vehicles, primarily comprising Blackstone Real Estate Income Trust, Inc. (BREIT) and Blackstone Property Partners (BPP), have completed the previously announced acquisition of all of the outstanding shares of common stock of American Campus Communities, Inc. (ACC), the largest developer, owner and manager of high-quality student housing communities in the United States, for approximately $12.8 billion, including the assumption of debt. Academic Year 2022-2023 Preleasing Update, As anticipated, industry-wide preleasing as compiled by AxioMetrics for January is progressing at a faster pace than this time last year and is tracking in a manner more consistent with the sectors traditional pre-pandemic leasing velocity, said Jennifer Beese, President and COO. Visit www.americancampus.com. [7], In 1985, three young space enthusiasts created the Space Generation Foundation, dedicated to fostering a sense of identity for those people born since the beginning of the space era. 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. The Central Campus is now located in the Parc d'Innovation of Illkirch-Graffenstaden just south of Strasbourg, less than 30 minutes from the city centre by public transportation. [1], The International Space University Central Campus and global headquarters are located in Illkirch-Graffenstaden near Strasbourg, France. Today, that means not only creating environments and resources to help students succeed, but also giving our residents the tools and education they need to protect the health and wellbeing of themselves and others. These risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements include thosediscussed in the Companys and BREITs filings with the Securities and Exchange Commission, including the Companys Annual Report on Form 10-K for the year ended December 31, 2021 under the heading Risk Factors and under the heading Business Forward-looking Statements and subsequent quarterly reports on Form 10-Q, as well as BREITs Form 10-K for the year ended December 31, 2021 in the section entitled Risk Factors, BREITs prospectus and in the other periodic reports BREIT files with the SEC. The Human Spaceflight Laboratory is also equipped with a clinostat, an autoclave, a laminar flow cabinet, microscopes, medical diagnosis and surgery tools, and other laboratory equipment to provide realistic hands-on training on the experiments performed in space by astronauts. ACC and BREIT disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. The company did not sell any shares under the ATM during the quarter. Supplemental financial and operating information, as well as this release, are available in the investor relations section of the American Campus Communities website, www.americancampus.com. . From 1993 to 2003, the company partnered with SUNY system, the University of California System, and the Texas A&M University System to develop and manage student housing. The Academic Staff are led by the Dean, who is supported by staff responsible for ISU's academic programs (Masters and SSP) and library services. The first ISU Summer Session Program (SSP) took place at MIT from 20 June to 20 August 1988 with the support of the major space agencies. It is capable of providing properly calibrated data and hence allows to determine the surface temperatures of the Sun and the Moon. [4], The Chancellor of the International Space University is Pascale Ehrenfreund,[5] Chair of the German Aerospace Center (DLR) Executive Board and President of the International Astronautical Federation (IAF). Same store average occupancy increased to 96.0 percent versus 90.5 percent in the prior year period, and rental revenue per occupied bed increased by 3.1 percent. The Library also features news about space, information from space agencies and research institutes around the world, and awareness and alerting services from journals. The forward-looking statements contained in this release reflect ACCs and BREITs current views about future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances, many of which are beyond the control of ACC and/or BREIT, that may cause actual results and future events to differ significantly from those expressed in any forward-looking statement, which risks and uncertainties include, but are not limited to: the ability to complete the proposed transaction on the proposed terms or on the anticipated timeline, or at all, including risks and uncertainties related to securing the necessary shareholder approval and satisfaction of other closing conditions to consummate the proposed transaction; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement relating to the proposed transaction; risks that the proposed transaction disrupts ACCs current plans and operations or diverts the attention of ACCs management or employees from ongoing business operations; the risk of potential difficulties with ACCs ability to retain and hire key personnel and maintain relationships with suppliers and other third parties as a result of the proposed transaction; the failure to realize the expected benefits of the proposed transaction; the proposed transaction may involve unexpected costs and/or unknown or inestimable liabilities; the risk that ACCs business may suffer as a result of uncertainty surrounding the proposed transaction; the risk that shareholder litigation in connection with the proposed transaction may affect the timing or occurrence of the proposed transaction or result in significant costs of defense, indemnification and liability; effects relating to the announcement of the transaction or any further announcements or the consummation of the transaction on the market price of ACCs common stock. Join the ACC team in your area as a Community Assistant and help us create the best living experience for our residents. This new asset, named the ESA-Haystack Radio Telescope, provides the students with the opportunity of performing observations of astronomical objects even outside the Solar System. [35], Learn how and when to remove this template message, "American Campus Communities Inc. 2020 Form 10-K Annual Report", "Largest U.S. student housing owners by property portfolio 2021", "Sale of GMH Communities to American Campus complete", "American Campus Communities building $132M housing project", "American Campus Communities Begins Construction on Owned Faculty and Staff Housing Project for Princeton", "Princeton U. Interested people may subscribe to the feeds for receiving regular updates about books, electronic documents, or Team Projects reports that are added to the online catalog. Following an international competition for a host city for the Central Campus, the ISU home base moved from Massachusetts to Illkirch-Graffenstaden in the Urban Community of Strasbourg, France, in 1994. M: Program Advancing Towards Humans on Mars", "Navigation systems for future space vehicles: Requirements and recommendations", "Virtual EVA: A ground option for space tourism", "Charting response options for threatening near earth object", "ISIS: ISU Small Satellite Interdisciplinary Survey", "PISCES: Proposal for International Spacecraft Cooperation for Education and Science", "ALTV: Autonomous Lunar Transport Vehicle", "Open for business: A new approach to commercialisation of the ISS", "THIRD EYE: An aircraft collision prevention tele-service", "MISSION: Multi-mission Innovative Space System for an Information Optimized Network", "SAND: Space Assisted Network against Desertification", "Cidade brasileira escolhida para receber maior programa espacial do mundo", "SolarMAX: A space weather survival guide", "KOASTAL: Kenyan coast Observation through Affordable Space Technology Applications", "AMBIEnT: Affordable Microsatellite-based Internet access and EnvironmenTal monitoring", "BLISS: beyond LEO into the solar system. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as may, will, should, expects, intends, plans, anticipates, believes, estimates, predicts, or potential or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Including its owned and third-party managed properties, ACC's total managed portfolio consisted of 203 properties with approximately 140,900 beds. The Founding Conference culminated in the formal creation of the International Space University, and established it as a 501(c)3 non-profit educational organization in the state of Massachusetts, USA. Moving forward together, the combined synergies of our organizations will enable us to better serve our current and future residents and university partners., Jacob Werner, Co-Head of Americas Acquisitions for Blackstone Real Estate, said, American Campus Communities has a best-in-class portfolio and platform, built on longstanding relationships with some of the most distinguished and fastest growing universities in the country. The latter include an itinerant nine-week Space Studies Program (SSP), a five-week Southern Hemisphere SSP in partnership with the University of South Australia, a 6-week Commercial Space graduate certificate in partnership with the Florida Institute of Technology, and one-week Executive Space Courses in Australia, Europe and the USA. Up until 2013, an annual ISU symposium was convened to address a topic with broad interest both with the space industry and among the space agencies. Today, ACC is the nation's largest developer, owner and manager of high-quality student housing . To receive email alerts from Blackstone, sign up below. American Campus Communities - Wikipedia We also believe it is meaningful to present a measure we refer to as FFO-Modified, or (FFOM), which reflects certain adjustments related to the economic performance of our on-campus participating properties and excludes other items, as we determine in good faith, that do not reflect our core operations on a comparative basis. The SSP curriculum includes: Future Space Studies programs are planned for:[47], Past Space Studies Programs, Locations and Team Projects. A one-week Executive Space Course (ESC) providing a basic introduction to space topics for corporates executives. She was preceded by Apollo astronaut Buzz Aldrin,[6] who succeeded thenEuropean Space Agency Director-General Jean-Jacques Dordain and acclaimed science fiction author Arthur C. Clarke, in 2004. In addition, the company will host a conference call to discuss fourth quarter and full year 2021 results and the 2022 outlook on Wednesday, February 23, 2022 at 10:00 a.m. As of June 30, 2022, American Campus Communities owned 166 student housing properties containing approximately 111,900 beds. * This story has been amended since initial publication to clarify the . American Campus Communities, Inc. is the largest owner, manager and developer of high-quality student housing communities in the United States. As of December 31, 2021, American Campus Communities owned 166 student housing properties containing approximately 111,900 beds. ACC developed housing for more than 2,000 students over the next two years. Student Housing - DPA - American Campus Communities [11], ASU's Manzanita Hall, became ACC's first redevelopment, reconfiguring the dilapidated 1960s high rise into a modern layout that promotes academic performance, collaboration and community. The SHEE will live in the ISU High Bay until April 2016 when it will take part in a Mars Analog mission called Moonwalk in Rio Tinto, Spain. The Haystack Observatory, run by MIT, developed a Small Radio Telescope (SRT) for educational purposes, consisting of a 2.3-meter diameter standard satellite dish antenna. Owned properties net operating income (loss). Does not include the allocation of payroll and other administrative costs related to corporate management and oversight. Officers, CORPORATE Blackstone to buy American Campus Communities for nearly $13 billion - CNBC American Campus Communities, Inc. is a self-managed and self-administered real estate investment trust (REIT). Recapitalized a 45 percent minority interest in the companys eight-property Arizona State University (ASU) student housing portfolio by forming a joint venture with Harrison Street for the ownership of the portfolio through a two-phase closing, with total expected proceeds to the company of $551.3 million. The satellite television Ku band (1012GHz) is suitable to perform observations of the Sun and the Moon, using conventional material, such as a 1.2-meter parabolic dish, placed on the roof of the ISU building. Each year the SSP convenes in a different location around the world. This radio telescope operates at a 1.42 GHz frequency (21-cm wavelength) where hydrogen atoms emit a strong spectral line. We are proud of the continued advancement and acceleration of our ESG initiatives this past year.
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