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American Campus signs up to $500M of equity distribution deals

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American Campus signs up to $500M of equity distribution deals

Student housing-focused real estate investment trust American Campus Communities Inc. and its operating partnership signed four separate equity distribution agreements for the sale of up to $500 million of the company's common stock from time to time.

The agreements were signed with Merrill Lynch Pierce Fenner & Smith Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and KeyBanc Capital Markets Inc. The shares will be sold via at-the-market offerings.