Strong Financial Foundations and Future Growth Prospects
COMPANY COMPETITIVE POSITION
On-campus modernization opportunities post-COVID.
-
Enhanced opportunities to capitalize on the potential acceleration of modernization due to COVID-19.
Impact of COVID highlighted need to accelerate
modernization, especially of community bath residence halls
Financial stress from COVID will push more universities to P3
and off-balance sheet financing structures, like the ACE
program.
ACC's public company platform makes us the only company
that offers single-source partner equity/developer/manager
solution.
53
Average age of existing on-
campus housing in ACC
markets.
60
Universities being tracked by
ACC that are evaluating
potential privatized residential
projects.
"The coronavirus pandemic resulted in fiscal challenges
at institutions and virtual learning dampened housing
demand, but Fitch anticipates an increase in project
financings and public private partnerships (PPPs) over
the medium term as institutions look to expand housing
and repurpose assets."
Fitch Ratings Project Financings in U.S. Higher Education
183k
62%
Report, October 2020
Traditional community bath-
style beds within ACC markets,
representing over 39% of
existing on-campus housing.
Win rate for P3 projects
pursued and awarded in 2018-
2019.
Source: Internal company data and public filings.
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