ABACUS PF BORROWER A LLC

Blackstone Acquisition of American Campus Communities - HoldCo Financing

Borrower (s)
Industry
Infrastructure/Social housing
Area of finance
Project & Infrastructure Finance
Region
North America
Countries
United States

Deal Overview

American Campus Communities is a publicly traded REIT that is the largest developer, owner, and manager of high-quality student housing communities in the U.S. Blackstone announced their acquisition of ACC in April 2022. The financing relates exclusively to the portion of the portfolio that includes...

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American Campus Communities is a publicly traded REIT that is the largest developer, owner, and manager of high-quality student housing communities in the U.S. Blackstone announced their acquisition of ACC in April 2022. The financing relates exclusively to the portion of the portfolio that includes on-campus housing underpinned by public-private partnership agreements / long term ground leases with the universities. 

The Portfolio HoldCo structure which will incorporate 34 on campus assets with long term Ground Lease Concessions. ACC’s on campus portfolio consists of over 27,000 beds and $3.7bn of enterprise value across 18 universities.

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Deal Volume
$2.7bn
Financial Close
09 August 2022
Sources
Submitted by participant(s)

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Projects

American Campus Communities Project

Greenfield
Housing & regeneration
North America
United States
$3.7bn