American Campus Communities Announces Quarterly Dividend

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.