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02-Feb-2020 09:48

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ASU also collaborates with all of its private housing partners to ensure that new student housing fits with the culture of the campus, as well as the Southwest aesthetic and community.

ACC also incorporates green building best practices to meet LEED and ASU standards.

At the same time, residents maintain access to all of the resources of the larger university.

"It was a revolutionary approach to actually invite a private company into the academic mission of an honors college," Bayless remarks.

It's an 1,866-bed, state-of-theart, apartment-style student living complex.

The dorm had housed generations of ASU students, but the building was in need of serious improvement.

Redeveloping the site did not seem economically viable.

Crow became the president of Arizona State University (ASU) in 2002, he unveiled a long-term plan to reimagine higher education.

Crow envisioned ASU as the model for what he calls "the New American University," a public research university dedicated to "the simultaneous pursuit of excellence, broad access to quality education and meaningful societal impact." At the same time, like most public universities, ASU faced the ongoing challenges of overcoming its capital-intensive demands for infrastructure, housing and research facilities while also finding the necessary resources to devote to education and its students.

After putting out a call for proposals in 2005 to build new on-campus housing, ASU selected student housing REIT American Campus Communities (NYSE: ACC), which had just become a publicly traded company.