Bill Bayless, CEO of American Campus Communities (NYSE: ACC), participated in a video interview at Nareit’s REITworld: 2018 Annual Conference in San Francisco.
Bayless said that supply demographics in ACC’s core markets continue working in the company’s favor.
“New supply coming in next fall is up [at] 28,000 [new beds] from 26,000,” he said, noting though that the concentration per market is down. “[New supply] is spread over 34 markets, where last year it was over 27.”
from News https://www.reit.com/news/videos/american-campus-communities-sees-healthy-supply-student-housing-demographics-core
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