American Campus Communities, Inc. is a real estate investment trust (`REIT`). Through ACC's controlling interest in American Campus Communities Operating Partnership L.P. (`ACCOP`), ACC is one of the largest owners, managers and developers of high quality student housing properties in the United States in terms of beds owned and under management. ACC is a fully integrated, self-managed and self-administered equity REIT with expertise in the acquisition, design, financing, development, construction management, leasing and management of student housing properties.