American Campus Selected to Provide Third-Party Development at Edinboro University.

AUSTIN, Texas -- American Campus Communities, Inc. (NYSE:ACC), one of the nation's largest owners, managers and developers of high-quality student housing properties, today announced that it has been selected by the Edinboro University Foundation to provide development services for two phases of on-campus student housing containing 1,504 beds at Edinboro University of Pennsylvania. The University is part of the Pennsylvania State System of Higher Education and has a student enrollment of approximately 7,000 students.

"This is our first development within the Pennsylvania State System, and we look forward to a strong relationship with the Edinboro University Foundation," said Bill Bayless, American Campus president and CEO. "We are excited about the scope of this project and assisting the Foundation in providing high-quality modern student housing for the Edinboro University campus."

About American Campus Communities, Inc.

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. The company owns and manages a portfolio of 43 high-quality student housing communities containing approximately 26,800 beds. Including its owned properties, the company provides management and leasing services at a total of 56 properties, representing approximately 35,600 beds located on or near college and university campuses. Additional information is available at www.americancampuscommunities.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding American Campus Communities Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.