UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
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                                   FORM 8-K/A

                               Amendment No. 1 to

                Current Report Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934

        DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): March 29, 2005

                        AMERICAN CAMPUS COMMUNITIES, INC.

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             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

         Maryland                    001-32265                 76-0753089
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(State or other jurisdiction  (Commission File Number)      (I.R.S. Employer
       of Incorporation)                                  Identification Number)

               805 Las Cimas Parkway, Suite 400, Austin, TX 78746
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               (Address of principal executive offices) (Zip Code)
                                  512-732-1000

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              (Registrants' telephone number, including area code)
                                       N/A

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          (Former name or former address, if changed since last report)
                                       N/A

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We hereby  amend  Item  2.01 of our  Current  Report on Form 8-K filed  with the
Securities  and Exchange  Commission on April 4, 2005 to file audited  financial
statements  and  unaudited  pro  forma  financial  information  related  to  the
acquisition of the Exchange at Gainesville,  a property we acquired  through our
Operating Partnership on March 29, 2005.

Item 9.01  Financial Statements and Exhibits

Item 9.01 (a)       Financial Statements of Businesses Acquired

                    The  required  financial  statements  for  the  Exchange  at
                    Gainesville  for the  three  months  ended  March  31,  2005
                    (unaudited)  and for the year ended  December  31,  2004 are
                    filed as Exhibit 99.2 hereto.

Item 9.01 (b)       Pro Forma Financial Information

                    The required pro forma  financial  information for the three
                    months  ended March 31 2005 and for the year ended  December
                    31, 2004 (all unaudited) is filed as Exhibit 99.3 hereto

Item 9.01 (c)       Exhibits

Exhibit Number      Title
--------------      -----

99.1                Report of Independent Registered Public Accounting Firm

99.2                Statements of Revenues and Certain  Expenses of the Exchange
                    at  Gainesville  for the three  months  ended March 31, 2005
                    (unaudited)  and for the year ended  December  31,  2004 and
                    Notes thereto

99.3                Pro Forma Condensed  Consolidated and Combined  Statement of
                    Operations  of  American   Campus   Communities,   Inc.  and
                    Subsidiaries  for the three  months ended March 31, 2005 and
                    for the year  ended  December  31,  2004 and  Notes  thereto
                    (unaudited)


 SIGNATURES

     Pursuant to the  requirements  of the  Securities  Exchange Act of 1934, as
amended,  the  registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

                         American Campus Communities, Inc.
                                  (Registrant)

Date: June 3, 2005       By: /s/ Jonathan Graf
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                             Senior Vice President, Chief Accounting Officer and
                             Treasurer (Principal Accounting Officer)