The conference call and an accompanying slide presentation will be accessible through the Internet. To listen to the live broadcast, go to www.studenthousing.com or www.earnings.com at least 15 minutes prior to the call so that required audio software can be downloaded. A replay of the conference call will be available beginning two hours after the end of the call until May 7, 2008 by dialing 888-286-8010 or 617-801-6888 passcode 77324732. Additionally, the replay will be available for 30 days at www.studenthousing.com and www.earnings.com, and a podcast can be accessed on www.REITcafe.com and the company’s website shortly after the call.

About American Campus Communities, Inc.

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, leasing and management of student housing properties. The company owns and manages 46 high-quality student housing properties containing approximately 29,300 beds. Including its wholly owned properties, the company provides management and leasing services at a total of 65 properties, representing approximately 44,500 beds located on or near college and university campuses. Additional information is available at www.studenthousing.com.