Mixed Bag: Deal Activity Rises in 1Q 2008

Deal pace is falling off, but some activity remains.

1 MIN READ
  • American Campus Communities in Austin announced that it will acquire GMH Communities Trust for approximately $1.4 billion. ACC will purchase 64 wholly owned student housing properties and a minority interest in eight properties held in two existing joint ventures. The purchase does not include GMH’s military division, which will be sold separately.

About the Author

Les Shaver

Les Shaver is a former deputy editor for the residential construction group. He has more than a decade's experience covering multifamily and single-family housing.

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