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 November 5, 2015 its board of directors declared a regular quarterly dividend of $0.40 per share of common stock, payable on November 30, 2015, to shareholders of record at the close of business on November 16, 2015.

About American Campus Communities

American Campus Communities, Inc. is the largest owner, manager and developer 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. As of September 30, 2015, American Campus Communities owned 158 student housing properties containing approximately 96,300 beds. Including its owned and third-party managed properties, ACC's total managed portfolio consisted of 197 properties with approximately 125,800 beds. Visit www.americancampus.com.

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American Campus Communities, Inc.Ryan Dennison, 512-732-1000Investor Relations