American Campus Communities Announces Quarterly Dividend

American Campus Communities, Inc. (NYSE: ACC), the nation’s largest owner and manager of high-quality student housing properties, announced that on May 2, 2012 its board of directors declared a regular quarterly dividend of $0.3375 per share of common stock, payable on May 29, 2012, to shareholders of record at the close of business on May 15, 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 120 student housing properties containing approximately 74,600 beds. Including its owned and third-party managed properties, ACC’s total managed portfolio consists of 148 properties with approximately 97,900 beds. Visit www.americancampus.com or www.studenthousing.com.

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