The board may acquire and hold real and personal property and may lease, rent, convey, and dispose of real and personal property and may make such repairs and improvements on all property under its control as may be in the best interests of the community and technical colleges and, subject to the approval of a three-fifths majority of the membership of the board, may acquire, sell, and convey title to real estate. The board may make repairs and improvements on all property under its control as may be in the best interests of the community and technical colleges. All property held before May 12, 2015, by or for the benefit of any of the community and technical colleges of the state, whether held in the name of the board, the Alabama Community College System, the State Board of Education, or a community or technical college, without the necessity of any further conveyance, shall be owned by the Alabama Community College System and shall be controlled by the board. All real property acquired on and after May 12, 2015, for the benefit of community and technical colleges shall be acquired by and in the name of the Alabama Community College System. Personal property acquired after that date may be acquired in the name of the Alabama Community College System or of the community or technical college for whose benefit it is acquired.