Vista del Campo
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Vista del Campo (VDC), also known as East Campus Apartments, is a student apartment community built on University of California, Irvine(UCI) land, and managed by American Campus Communities (ACC). It is owned by EAH-East Campus Apartments, LLC, which is controlled by EAH University Properties, Inc., an affiliate of EAH. It has 488 units with 1,488 beds (1,234 for undergraduates and 254 for graduate students) and is currently the most recent property developed and managed by ACC, with a second phase of expansion (VDC Norte), owned by the Collegiate Housing Foundation, and opened in Fall, 2006.
Combined, the developments are among the largest private-public student housing partnerships. In this case, as in many others, private nonprofits take title to the property so that the projects may benefit from state-issued bonds (with non-taxable interest). Here the bonds were issued by the California Statewide Communities Development Authority in three series. The development and management of the complexes, however, is handled by a private for-profit company, in this case ACC.
Vista del Campo is operated exclusively for the furtherance of the public purposes of the University of California and must comply with the Policies of the Regents of the University of California, UCI Campus Implementation.
After forty years, title to Vista del Campo is scheduled to return to UCI.