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American Campus Communities revokes FY'20 outlook, closes $148M Md. asset sale

American Campus Communities Inc. is keeping its previously disclosed first-quarter guidance intact but withdrawing its 2020 full-year outlook due to the uncertainty created by the COVID-19 pandemic.

The student housing real estate investment trust also said it closed on the sale of The Varsity, a 901-bed student housing property in College Park, Md., for $148.0 million.

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