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BRIEF-American Campus Communities to acquire Core Spaces/DRW portfolio
September 25, 2017 / 12:11 PM / 3 months ago

BRIEF-American Campus Communities to acquire Core Spaces/DRW portfolio

Sept 25 (Reuters) - American Campus Communities Inc-

* American Campus Communities Inc announces acquisition of Core Spaces/DRW portfolio

* American Campus Communities Inc - deal for ‍$590.6 million​

* American Campus - deal ‍includes option to acquire 248-bed property in seattle, washington, from affiliates of core spaces, drw real estate investments​

* American Campus Communities-‍transaction includes acquisition of 2 existing communities, 2 communities opening in fall 2017​

* American Campus Communities - ‍entered into agreement to recapitalize, ultimately acquire seven select student housing properties totaling 3,776 beds​

* American Campus Communities Inc - ‍ transaction includes acquisition of three projects under-construction scheduled for completion in fall 2018​ Source text for Eikon: Further company coverage:

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