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AUSTIN, TX-Kayne Anderson Capital Advisors LP has sold 19 student housing assets to American Campus Communities Inc. for $862.8 million. The portfolio comprises 12,049 beds of which 366 beds are currently being developed. The acquisition consideration comprises the assumption of roughly $466.6 million in cash and $396.2 million of outstanding mortgage loan. The acquisition deal for existing properties is slated for completion in Q4 2012 and for development properties in Q3 2013.

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