American Campus Communities Announces Greg Dowell's Retirement from the Company

American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that Greg A. Dowell, the company's senior executive vice president and chief operating officer, has announced he will retire from the company on September 30, 2014. During his remaining tenure Dowell will facilitate an orderly transition on the strategic initiatives with which he has been recently involved. The company intends to have Jennifer Beese, executive vice president – operations and leasing, and Jim Hopke, executive vice president – asset management, continue to provide strategic and executive oversight in each of their respective areas. Both will report directly to Bill Bayless, American Campus chief executive officer. Jim Sholders, senior vice president of operations, will continue to oversee day to day property operations and will continue to report to Jennifer Beese.

"We are sincerely grateful to Greg for his valued contributions to American Campus over the past 13 years," said Bayless. "Greg has played an instrumental role in putting in place the industry’s premier operating platform, and has been supported by the most experienced and talented team in the industry that we are confident will continue the strong value creation American Campus has long delivered."

"We are grateful for the significant role that Greg has played in American Campus' success," said R.D. Burck, chairman of the board. "On behalf of the board and all of our employees, we wish him the very best in his future endeavors."

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 167 student housing properties containing approximately 102,600 beds. Including its owned and third-party managed properties, ACC’s total managed portfolio consists of 200 properties with approximately 128,000 beds. Visit www.americancampus.com or www.studenthousing.com.

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 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.