American Campus Communities- (ACC)- engages in the acquisition, design, finance, development, lease, and management of student housing properties in the United States. As of July 12, 2005, the company owned and managed 25 student housing properties, containing approximately 16,300 beds, as well as managed 44 student housing properties, representing 27,600 beds. ACC was founded in 1993 and is based in Austin, Texas. As a REIT, capital gains are accounted for differently, so please consult with a tax advisor.