American Campus Communities, Inc. Announces Closing of Common Stock Offering

  American Campus Communities, Inc. Announces Closing of Common Stock Offering

Business Wire

AUSTIN, Texas -- October 31, 2012

American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and
developer of high-quality student housing properties in the U.S., today
announced the closing of a public offering of 12,650,000 shares of its common
stock at a price of $43.75 per share, which includes 1,650,000 shares issued
as a result of the underwriters' exercise of their option to purchase
additional shares in full at the closing. The company received approximately
$530.5 million in net proceeds from the offering, after deducting the
underwriting discount and estimated expenses of the offering.

BofA Merrill Lynch, KeyBanc Capital Markets, Deutsche Bank Securities and J.P.
Morgan served as joint book-running managers for the offering.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of these securities in any
state in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state. A
copy of the prospectus relating to the offering may be obtained by contacting
BofA Merrill Lynch, 222 Broadway, New York, New York 10038, Attn: Prospectus
Department or email; KeyBanc Capital Markets
Inc., Attention: Prospectus Delivery Department, 127 Public Square, 4^th
Floor, Cleveland, Ohio 44114, telephone: (216) 689-0421; Deutsche Bank
Securities Inc., Attention: Prospectus Department, 60 Wall Street, New York,
New York 10005-2836, telephone: (800) 503-4611 or email at; or J.P. Morgan Securities LLC, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717,
telephone: (866) 803-9204.

About American Campus Communities

American Campus Communities, Inc. is the largest developer, owner and manager
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 141 student housing properties
containing approximately 86,800 beds. Including its owned and third-party
managed properties, ACC’s total managed portfolio consists of 169 properties
with approximately 109,600 beds.

Forward-Looking Statements

In addition to historical information, this press release contains
forward-looking statements under the federal securities law. These statements
are based on current expectations, estimates and projections about the
industry and markets in which American Campus Communities operates,
management's beliefs, and assumptions made by management. Forward-looking
statements are not guarantees of future performance and involve certain risks
and uncertainties, which are difficult to predict.


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