American Campus Communities Joins Russell 3000 Index.

AUSTIN, Texas -- American Campus Communities, Inc. (NYSE:ACC), one of the largest owners, managers and developers of high-quality student housing properties in the U.S., announced today that the company has been added to the Russell 3000(R) Index and the corresponding small-cap Russell 2000(R) Index. In August, the Russell Investment Group announced a decision to change the methodology for its family of U.S. indexes, and will now add initial public offerings (IPOs) on a quarterly basis in order to enhance how well each index reflects its segment of the U.S. equity market. Previously, IPOs were added only as part of Russell's annual index reconstitution process each May.

Bill Bayless, president and chief executive officer of American Campus Communities, commented, "Our inclusion into the Russell indexes is a reflection of the positive momentum continuing from our initial public offering and recent development announcements. This achievement will enhance investor awareness and interest in our company, as well as serve to broaden our existing shareholder base."

Membership in Russell's 21 U.S. equity indexes is determined primarily by market capitalization rankings and style attributes. Russell indexes are widely used by managers for index funds and as benchmarks for both passive and active investment strategies. Annual reconstitution of these indexes captures the 3,000 largest U.S. stocks, with the larger 1,000 companies compromising the Russell 1000, and the remaining 2,000 companies becoming a part of the widely used Russell 2000. More than $360 billion is invested in index funds based on Russell's indexes, and an additional $1.8 trillion is benchmarked to them. Investment managers who oversee these funds purchase shares of member stocks according to that company's weighting in the particular index.

About American Campus Communities, Inc.

American Campus Communities, Inc. is the only publicly traded REIT solely focused on student housing in the United States. American Campus Communities is a fully integrated, self-managed and self-administered equity REIT with expertise in the acquisition, design, finance, development, construction management, and leasing and management of student housing properties. The company owns 16 high-quality student housing properties, containing approximately 3,900 apartment units and 11,800 beds. In conjunction with the properties owned, the company manages 32 student housing properties, representing 22,300 beds. For more information please go to the company website, at www.studenthousing.com.

Forward-Looking Statements

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