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Baron Funds Comments on American Campus Communities Inc.

February 21, 2014 | About:
Holly LaFon

Holly LaFon

277 followers

The shares of American Campus Communities, Inc. (ACC), the largest student housing REIT, performed poorly in 2013. Although the company has a track record of strong operations, there were a series of leasing, integration, and communication missteps that negatively impacted the shares. Additional concerns include new supply, decelerating enrollment growth, online education, and rising student debt. We are re-evaluating our investment in the company.

From Baron Funds fourth quarter 2013 shareholder letter.


Rating: 1.0/5 (1 vote)

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