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| ACC > SEC Filings for ACC > Form 8-K on 3-Dec-2012 | All Recent SEC Filings |
3-Dec-2012
Completion of Acquisition or Disposition of Assets, Other Events,
On November 30, 2012, American Campus Communities Operating Partnership, L.P. (the "Operating Partnership") acquired 19 select student housing properties with 12,049 beds, including 366 beds at an additional phase currently under development at an existing property pursuant to the Purchase and Sale Agreement, dated as of September 4, 2012, as amended, between the Operating Partnership and affiliates of Kayne Anderson Capital Advisors, L.P. The aggregate purchase price of $862.8 million includes the assumption of approximately $395.8 million of outstanding mortgage debt. The acquisition of the phase under development, which is expected to close during the third quarter of 2013, is subject to certain closing conditions, including satisfactory completion of such phase.
On December 3, 2012, the Company issued a press release announcing the closing of the transaction described above, a copy of which is included as Exhibit 99.1 hereto.
Such information is furnished pursuant to Item 7.01 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly set forth by specific reference in such filing.
Set forth below are the financial statements relating to the acquisition discussed above that are required to be filed as part of this Form 8-K:
(a) Financial Statements of Business Acquired.
The financial statements required by this item will be filed by amendment not later than 71 calendar days after the date that this Form 8-K must be filed.
(b) Pro Forma Financial Information.
The financial information required by this item will be filed by amendment not later than 71 calendar days after the date that this Form 8-K must be filed.
(c) Exhibits.
The Exhibit to this Report is listed on the Exhibit Index attached hereto.
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