American Campus Communities Announces Proxy Advisory Firm ISS Recommends Stockholders Vote "FOR" Proposed Acquisition by Blackstone Funds

Jul 19, 2022

American Campus Communities, Inc. (NYSE:ACC, Financial), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that a leading independent proxy advisory firm, Institutional Shareholder Services Inc. (“ISS”), has recommended that stockholders vote “FOR” the previously announced all-cash acquisition of the company by Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc. (“BREIT”), alongside Blackstone Property Partners L.P. (“BPP”), at the company’s upcoming Special Meeting of Stockholders (the “Special Meeting”) scheduled for August 4, 2022 at 10:00 a.m., Central Time.

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