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Bill Bayless, CEO of American Campus Communities (NYSE: ACC) participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.
Bayless highlighted the strong global and domestic investor interest in the student housing sector. Even in the face of rising interest rates, cap rates have compressed, he noted.
“The environment out there, to be able to recycle capital and sell into the institutional demand, is as high as it’s ever been for us,” Bayless said.
Published at Tue, 12 Jun 2018 12:50:48 +0000