4 million of existing fixed-rate mortgage debt. Forward -looking statements speak only as
of the date on which they are made, and we undertake no obligation to
update publicly or revise any forward-looking statement, whether as a
result of new information , future developments or otherwise."

About Ruckus Network

Ruckus Network provides the most comprehensive digital media
services available for colleges today.

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5 million, including assumption of
approximately $35.

Users can browse profiles by relevant
attributes such as name, class, birthdates, and more importantly,
favorite movies and music.

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The property , acquired for an aggregate purchase
price of approximately $6. is one of the largest
developers , owners and managers of high-quality student housing
communities in the United States.

For websites of students attending a school in the University of Texas system.

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About American Campus Communities

American Campus Communities, Inc.com

Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This release contains forward-looking statements,
which express the current beliefs and expectations of management.

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0 million, including the assumption of
approximately $4.
college students and is quickly becoming the brand of choice for
higher education institutions nationwide.

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American Campus Communities owns and manages a portfolio
of 22 student housing communities containing approximately 14,100
beds. Such
statements are based on current expectations and involve a number of
known and unknown risks and uncertainties that could cause our future
results, performance or achievements to differ significantly from the
results , performance or achievements expressed or implied by such
forward-looking statements. As the fifth school to sign on to Ruckus in five
months, Clark Atlanta University students will now have an online
community where they can access entertainment and search for
classmates with similar interests .

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4 million in existing fixed-rate mortgage debt,
completes the previously announced purchase of a five-property student
housing portfolio in Florida. 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.

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"We are excited to be one of the first of the HBCU's to offer a
digital media service to our students," said De'Neia Whitted, Student
Life Director at CAU.
Clark Atlanta University students will now be able to download
music from both major and independent labels, and movies that span the
range from Hollywood blockbusters like Black Hawk Down to cult
classics like Spaceballs and Four Weddings and a Funeral.

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today announced completion of the acquisition of The Grove at
University Club, a 128-bed community near Florida State University in
Tallahassee, Florida.
Ruckus users can create a personal public profile and choose who
has access to their information. Unlike some other
digital media services, Ruckus is dedicated to the college market and
works hard to design a digital media package specifically for each
campus.

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Business Editors/College Writers/High -Tech Editors

HERNDON, Va. "With the vast opportunities that Ruckus
provides our students, from entertainment to self-publishing to online
community, we continue to improve upon our reputation as leaders in
higher education. "We look forward to continuously
improving Ruckus Network so that it becomes the superlative digital
environment for college students across the country.

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----

Clark Atlanta University is one of first of the Historically Black
Colleges + Universities (HBCU) to bring digital community and
entertainment to its students

Ruckus Network announced today that through an agreement with
Clark Atlanta University, every student living on-campus will be able
to download hundreds of thousands of songs and over 45 blockbuster
movies per month. Students can also submit pictures to
the Campus Watch section of Ruckus Network, which posts photos of
everything from people and places to campus events.
"We are providing this service for our students not simply as
something we thought they would enjoy," said Mark McCollum, manager of
IT at CAU, "but also to offer them an acceptable, legal alternative to
illegal media shareware.

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"
Ruckus Network allows students to download movies and music as
well as post and download original student content--all within an
interactive student community--thanks to exclusive licensing
agreements with the biggest names in music, movies and TV shows."
"More and more universities are joining Clark Atlanta University
in realizing the benefits of a tailored entertainment and community
system where students can 'meet up' online," said William Raduchel,
Chairman and CEO of Ruckus Network. Today, the Ruckus service is enjoyed by thousands of U.

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The five-property portfolio was acquired for an aggregate
purchase price of approximately $53. Including its owned properties, the company provides management
and leasing services at a total of 41 properties with more than 25,400
beds located on or near college and university campuses. Additional
information is available at www.

Clark Atlanta University Goes Digital by Signing with Ruckus Network

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American Campus Communities Completes Acquisition of Fifth Student Housing Property in Florida

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The Ruckus service offers
movies, music, TV, community-building tools , original content and a
self-publishing application.

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Business Editors/Real Estate Writers

AUSTIN, Texas----American Campus
Communities, Inc. Moreover, the Ruckus Network allows us to
ensure a service that is free of viruses and worms too often
associated with illegal file-sharing . With this rich array of features, Ruckus
helps unite campuses through common interests.

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Finally , students can rate albums,
playlists, articles and movies.

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(NYSE:ACC), one of the largest owners, managers and
developers of high-quality student housing properties in the U.

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In addition to The Grove at University Club, properties recently
acquired by American Campus Communities in Florida include two
communities near Florida A+M University in Tallahassee, College Club
and The Greens at College Club, containing a total of 544 beds; one
community near the University of Florida in Gainesville, the
University Club, containing 376 beds; and one community near Florida
State University in Tallahassee, the University Club, containing 608
beds .S.