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 on February 8, 2016, Standard & Poor’s Ratings Services (“S&P”) upgraded its corporate credit rating on the company from BBB- to BBB.

In its report, S&P noted “We are raising our corporate credit rating on ACC to ‘BBB’, based on the recent deleveraging and strong recent operating performance.” Further, the report states that ACC’s “outlook is stable” and “reflects our view that ACC will achieve modest growth in its same-store portfolio while delivering fully occupied new development projects currently in process.”

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.

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.

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

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