American Campus Communities to Report 2004 Fourth-Quarter Earnings on March 1, 2005; Conference Call Scheduled on March 2, 2005 at 11 AM EST.

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., today announced plans to release 2004 fourth-quarter financial results after the close of market on Tuesday, March 1, 2005. The company will host its quarterly earnings conference call for investors and other interested parties on Wednesday, March 2, 2005, beginning at 11 a.m. Eastern Standard Time. Bill Bayless, president and chief executive officer; Brian Nickel, chief investment officer; and Mark Hager, chief financial officer, will discuss the company's quarterly results and business outlook during the conference call. The earnings news release and supplemental analyst information will be available in the Investor Relations section of the company's website prior to the conference call.

To participate in the conference call, dial 800-810-0924 or 913-981-4900. A live broadcast of the call also will be accessible via the company's website at www.americancampuscommunities.com or www.fulldisclosure.com. Please log onto the website at least 15 minutes prior to the call to download the necessary software.

A taped rebroadcast will be available beginning two hours following the call and will continue through March 9, 2005. To access the rebroadcast, dial 888-203-1112 or 719-457-0820 and request reservation number 9400162. A replay of the call also will be available at www.studenthousing.com or www.fulldisclosure.com for 30 days following the call.

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, leasing and management of student housing properties. American Campus Communities owns and manages a portfolio of 21 student housing communities containing approximately 14,000 beds, and provides management and leasing services at a total of 40 properties with more than 25,300 beds located on or near college and university campuses. Additional information is available at www.studenthousing.com.

Forward-Looking Statements 

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, which express the current beliefs and expectations of management. Such statements are based on current expectations and involve a number of known and unknown risks and uncertainties that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.