American Campus Communities, Inc. (NYSE: ACC), one of the nation's largest owners, managers and developers of high-quality student housing properties, announced that on January 28, 2011 its board of directors declared a regular quarterly dividend of $0.3375 per share of common stock, payable on February 25, 2011, to shareholders of record at the close of business on February 14, 2011.

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 103 student housing properties containing approximately 64,000 beds. Including its owned, joint venture and third-party managed properties, ACC's total managed portfolio consists of 141 properties with approximately 92,800 beds. Visit www.americancampus.com.

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