AUSTIN, Texas--(BUSINESS WIRE via COLLEGIATE PRESSWIRE)--July 16, 2007--American Campus Communities, Inc. (NYSE:ACC), one of the nation's largest owners, managers and developers of high-quality student housing properties, today announced that Jamie Wilhelm has joined the company as senior vice president of public/private transactions to spearhead the company's American Campus Communities Equity (ACCE) program.
Under the ACCE program, the company invests its own equity in on-campus student housing via a long term ground lease with colleges and universities. This pioneering financing solution allows institutions to develop or sell on-campus student housing while preserving their credit capacity to fund core academic infrastructure. American Campus closed on the first ACCE transaction at Arizona State University early this year.
For more than a decade, Wilhelm has specialized in higher education and related non-profit finance. Since 2000, Wilhelm originated more than $1.8 billion of debt and derivative transactions for more than 80 higher education institutions and non-profits. He has served as the investment banker for more than $350 million of ACC projects. Wilhelm joins ACC from RBC's public finance department where he served as the managing director of the higher education sector. Prior to RBC, he was a managing director with Bank One Capital Markets (currently JPMorgan Capital Markets) and held positions at McDonald & Company Securities (currently KeyBanc Capital Markets) and The Ohio Company (currently Fifth Third Markets). Wilhelm is a graduate of Miami University with a Bachelor of Science degree in Finance.
"We have worked with many underwriters in our on-campus development business and have long considered Jamie to be the premier banker serving the higher education sector," said Bill Bayless, American Campus CEO and president. "Jamie's participation in the structuring of our ASU transaction that launched our ACCE program coupled with his experience, track record and reputation will be of
great benefit in maximizing future opportunities."
About American Campus Communities, Inc.
American Campus Communities, Inc. is one of the largest publicly traded REITs solely focused on student housing in the United States. American Campus Communities is a fully integrated, self-managed and self-administered equity REIT with expertise in the acquisition, design, finance, development, construction management, and leasing and management of student housing properties. The company owns and manages 43 high-quality student housing properties containing approximately 26,800 beds. Including its owned properties, the company provides management and leasing services at a total of 56 properties, representing approximately 35,600 beds located on or near college and university campuses. Additional information is available at www.americancampuscommunities.com.
Forward-Looking Statements
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