National American University Holdings, Inc. is a provider of postsecondary education primarily focused on the needs of working adults and other non-traditional students. The Company owns and operates National American University, a regionally accredited, multi-campus institution of higher learning. The Company operates through two segments: NAU and other. The NAU segment contains the operations associated with the University operations. The other segment contains primarily real estate. The Company offers academic and degree programs online. In addition to its university operations, it operates a real estate business known as Fairway Hills Developments (Fairway Hills). Its real estate business rents apartment units, and develops and sells condominium units in the Fairway Hills Planned Residential Development area of Rapid City, South Dakota. To service its online teaching, the Company utilizes Desire2Learn (D2L), an Internet-based learning management system.