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American Campus Communities, Inc. Announces Launch of Common Stock Offering

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American Campus Communities, Inc. Announces Launch of Common Stock Offering Powered By Docstoc
					American Campus Communities, Inc. Announces
Launch of Common Stock Offering
August 16, 2010 07:45 AM Eastern Daylight Time  

AUSTIN, Texas--(EON: Enhanced Online News)--American Campus Communities, Inc. (NYSE:ACC), one of
the nation's largest developers, owners and managers of high-quality student housing properties, today announced
that it plans to sell 10,000,000 shares of its common stock in an underwritten public offering. The company also
plans to grant the underwriters an option to purchase up to an additional 1,500,000 shares of common stock to
cover overallotments, if any.

The Company intends to use the net proceeds from the offering to fund the previously announced acquisition of the
90% interest not currently owned by it in 14 of the properties in an existing joint venture portfolio, to fund its
development pipeline and other opportunistic acquisitions, to repay debt, including the outstanding balance of its
revolving credit facility, and for general corporate purposes.

BofA Merrill Lynch, KeyBanc Capital Markets, Deutsche Bank Securities and J.P. Morgan will serve as joint
book-running managers for the offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of
these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state. A copy of the prospectus relating to the offering may be
obtained by contacting BofA Merrill Lynch, 4 World Financial Center, New York, New York 10080, Attn:
Prospectus Department or email dg.prospectus_requests@baml.com; KeyBanc Capital Markets Inc., Attention:
Prospectus Delivery Department, 127 Public Square, 6th Floor, Cleveland, Ohio 44114, telephone: (216) 689-
0421; Deutsche Bank Securities, Attention: Prospectus Department, 100 Plaza One, Jersey City, New Jersey
07311, telephone: (800) 503-4611 or email at prospectus.cpdg@db.com; or J.P. Morgan Securities Inc.,
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: (866) 803-
9204.

About American Campus Communities

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, and operational management of student housing properties. American Campus Communities owns 87
student housing properties containing approximately 53,800 beds. The company also owns a minority interest in 18
joint venture properties containing approximately 9,800 beds. Including its owned, joint venture and third-party
managed properties, ACC's total managed portfolio consists of 139 properties with approximately 88,600 beds.

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

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Description: AUSTIN, Texas--(EON: Enhanced Online News)--American Campus Communities, Inc. (NYSE:ACC), one of the nation's largest developers, owners and managers of high-quality student housing properties, today announced that it plans to sell 10,000,000 shares of its common stock in an underwritten public offering. The company also plans to grant the underwriters an option to purchase up to an additional 1,500,000 shares of common stock to cover overallotments, if any. The Company intends to use the net pr a style='font-size: 10px; co
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