American Campus Communities Announces Quarterly Dividend

AUSTIN, Texas--(Business Wire)--
American Campus Communities Inc. (NYSE: ACC), one of the nation`s largest
owners, managers and developers of high-quality student housing properties,
announced today that its board of directors has declared a regular quarterly
dividend of $0.3375 per share of common stock, payable on November 30, 2009, to
shareholders of record at the close of business on November 16, 2009.

About American Campus Communities

American Campus Communities Inc. is one of the largest developers, owners and
managers of high-quality student housing communities in the United States. The
company is a fully integrated, self-managed and self-administered equity real
estate investment trust (REIT) with expertise in the design, finance,
development, construction management and operational management of student
housing properties. American Campus Communities owns 86 student housing
properties containing approximately 52,800 beds, with a minority interest in 21
joint venture properties containing approximately 12,100 beds. Including its
owned, joint venture and third-party managed properties, ACC`s total managed
portfolio consists of 139 properties with approximately 88,600 beds. Additional
information is available at www.studenthousing.com.

American Campus Communities Inc.
Gina Cowart, 512-732-1000
Investor Relations

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