OPA do REIT American Campus Communities
comentada em 16/09/2022 09:41

@oxe

De capital aberto esse era o único

The last public student housing REIT goes private | Multifamily Dive

"With ACC’s exit, there are no longer any publicly traded student housing REITs. At one time, there were four. They were:

 ACC, Memphis-based EdR (acquired by Greystar for $4.6 billion in 2018), Charlotte, North Carolina-based Campus Crest (acquired by Harrison Street for $1.9 billion in 2016) and Newton Square, Pennsylvania GMH Communities Trust (acquired by ACC for $1.4 billion in 2008).

“It [student housing] is a great industry and you certainly see a lot of capital flows to the private sector,” said Alexander Goldfarb, managing director, senior research analyst of REITs at Piper Sandler & Co. “Unfortunately for public companies, they haven’t had the best track record. Three of the four companies had issues and never really made it on the public market.”

As its three peers departed the public markets, ACC was the lone survivor, but this didn’t lead to increased investor emphasis. In fact, Goldfarb says it’s harder for smaller REITs that are the only public companies in their sector to get attention from investors.
“It's easy to not own it and own other stocks that give you similar performance,” Goldfarb said. “It just makes it harder for one-off REITs that are smaller in size, relative to the index, to get the attention they deserve. They just have to perform better.”

Haendel St. Juste, managing director of REITs for investment bank Mizuho Securities, who previously covered ACC, agrees. “With just one public company, it was almost an orphan sector,” he said. “It became a stock that kind of faded into the background over the last few years.”

To understand ACC and the other student REITs, investors also needed to gain comfort with the student housing model, where leasing is conducted in a more limited timeframe than conventional apartments and move-ins occur in a matter of days. “I think the operations of this business are a bit trickier,” St. Juste said.  "

@Axos

O fundo que esta comprando esses REITs faz parte da stock BX

@gbaraujo

So aparece para quem tem o ativo no BS

@gbaraujo para q vc quer saber OPA de ativo q vc nao tem?