American Campus Communities, Inc. (NYSE: ACC), the nation's largest owner and manager of high-quality student housing properties, announced that on January 29, 2013 its board of directors declared a regular quarterly dividend of $0.3375 per share of common stock, payable on February 22, 2013, to shareholders of record at the close of business on February 8, 2013.

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 160 student housing properties containing approximately 98,800 beds. Including its owned and third-party managed properties, ACC's total managed portfolio consists of 187 properties with approximately 121,300 beds. Visit www.americancampus.com or www.studenthousing.com.

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