Finance Investment Banking
American Campus Communities to Launch Stock Offering
April 17, 2008

American Campus Communities Inc. has announced that it plans to sell 4.5 million shares of common stock in a public offering. If demand is there, another 675,000 shares might be sold.   Proceeds will go towards the pending merger with GMH Communities Trust. If the merger is not consummated, the net proceeds will go towards repaying current debt, to fund its current development pipeline and potential acquisitions of student housing properties and for general corporate purposes. Merrill Lynch & Co. and KeyBanc Capital Markets will serve as joint book-running managers for the offering. Deutsche Bank Securities Inc. and J.P. Morgan Securities Inc. will serve as co-lead managers for the offering.

 
Recent Investment Banking Headlines
Rebuilding Downtown JPMorgan Chase WTC Development Plans in Doubt
Has JPMorgan Chase finally backed off on plans to build an office tower at the World Trade Center site in lower Manhattan?
Simon to Sell $1.5B in Senior Notes
In a time when borrowing can be a daunting task, even for entities with sterling credit histories, companies are turning to other means to raise the capital they need, according to industry experts.
Rockwall I and II. JPG Takes 2 Bethesda Office Buildings for $80M
The JBG Cos. has bought two North Bethesda, Md., properties for $80 million. Together, the class A buildings contain 346,000 square feet. The are located on the Rockville Pike near the Montgomery Mall.
ING Real Estate, Grupo Carrousel, Operadore Punta Maroma to Develop $150M Resort in Mexico
ING Real Estate will partner with Grupo Carrousel and Operadora Punta Maroma to develop a new $150 million ocean front resort on Bahia Maroma along Mexico's Riviera Maya. The cost doesn't include the price of land.
Corporate Office Properties Closes $225M Revolving Construction Facility
Corporate Office Properties Trust has announced it closed on a $225 million construction loan facility that will be utilized to fund most of its construction costs over the next several years.