ACC, Walt Disney World Resort Provide Update on Disney College Program

by Katie Sloan

Orlando, Fla. — Walt Disney World Resort has announced that it is relaunching its Disney College Program in June 2021. Participants in the program are expected to begin to occupy Flamingo Crossings Village in Orlando — a 10-phase, $615 million residential development being built in partnership with American Campus Communities (ACC) — as early as this summer. 

Construction is underway on the multi-phase project, with four of the 10 planned phases currently complete. ACC is actively communicating with Walt Disney World Resort regarding the near-term timing and pace of occupancy, and will provide additional details as they become finalized. The remaining phases of the project are expected for delivery as originally anticipated through May 2023. 

We are truly excited Disney has announced the resumption of the Disney College Program sooner than previously anticipated,” says Bill Bayless, CEO of ACC. “While COVID-19 temporarily delayed the initial occupancy of Flamingo Crossings Village, we have always had confidence in our collaboration with Disney and the long-term success of the project. As we stated on our recent first quarter earnings call, we now believe that occupancy will ramp-up at a pace that allows us to meet our targeted stabilized yield of 6.8 percent by May 2023 as originally anticipated prior to the pandemic.”

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