American Campus to buy GMH Communities for $1.4 billion

(Reuters) - Student-housing developer American Campus Communities Inc (ACC.N) said it planned to buy GMH Communities Trust GCT.N for about $1.4 billion, including debt of about $963 million.

The deal includes the acquisition of 64 wholly owned student housing properties as well as a minority interest in eight properties held in two existing joint ventures, American Campus said in a statement.

(Reporting by Dilipp S. Nag in Bangalore; Editing by Himani Sarkar)