Calloway House The Calloway House is one of America Campus Communities’ assets located in Austin, TX.

AUSTIN, TX—The nation’s largest developer, owner and manager of student housing apartment communities, American Campus Communities Inc., announced financial results for the quarter ending September 30, 2019. The company reports increased quarterly funds from operations modified/FFOM per share by 5% and announces three new on-campus development projects.

Revenue for the 2019 third quarter totaled $227.7 million versus $213.5 million in the third quarter 2018, and operating income for the quarter totaled $27.3 million versus $21.5 million in the prior year third quarter. The increase in revenue and operating income was primarily due to increased occupancy and rental rates, and growth associated with recently completed development and presale development projects.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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