American Campus Communities Announces Blake Chandlee Leaving Board of Directors

AUSTIN, Texas–(BUSINESS WIRE)–American
Campus Communities
(NYSE: ACC), the nation’s largest owner, manager
and developer of high-quality student housing properties in the U.S.,
today announced that Blake Chandlee has decided to not stand for
re-election to the board of directors at the annual stockholder meeting
to be held on May 1, 2019 in order to focus on other opportunities. The
board is currently contemplating adding an additional director in the
future.

“We would like to sincerely thank Blake for his contributions as a
member of the board,” said Ed Lowenthal, American Campus Board Chair.
“We wish Blake great success.”

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 December
31, 2018, American Campus Communities owned 170 student housing
properties containing approximately 109,100 beds. Including its owned
and third-party managed properties, ACC’s total managed portfolio
consisted of 204 properties with approximately 133,900 beds. Visit www.americancampus.com.

Forward-Looking Statements

In addition to historical information, this press release contains
forward-looking statements under the applicable federal securities law.
These statements are based on management’s current expectations and
assumptions regarding markets in which American Campus Communities, Inc.
(the “Company”) operates, operational strategies, anticipated events and
trends, the economy, and other future conditions. Forward-looking
statements are not guarantees of future performance and involve certain
risks and uncertainties, which are difficult to predict. For discussions
of some risks and uncertainties that could cause actual results to
differ materially from those expressed or implied by the forward-looking
statements, please refer to our filings with the Securities and Exchange
Commission, including our Annual Report on Form 10-K for the year ended
December 31, 2018 under the heading “Risk Factors” and under the heading
“Business – Forward-looking Statements” and subsequent quarterly reports
on Form 10-Q. We undertake no obligation to publicly update any
forward-looking statements, whether as a result of new information,
future events, or otherwise.

Contacts

Ryan Dennison
Investor Relations
(512) 732-1000

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