American Campus Communities, Inc. (NYSE: ACC), the nation’s largest owner and manager of high-quality student housing properties, announced that on January 27, 2012 its board of directors declared a regular quarterly dividend of $0.3375 per share of common stock, payable on February 24, 2012, to shareholders of record at the close of business on February 13, 2012. About American Campus Communities American Campus Communities, Inc. is the largest 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 119 student housing properties containing approximately 74,100 beds. Including its owned, joint venture and third-party managed properties, ACC’s total managed portfolio consist of 151 properties with approximately 98,700 beds. Visit www.americancampus.com or www.studenthousing.com.