EXHIBIT 23.2


                        CONSENT OF INDEPENDENT AUDITORS

We consent to the reference to our firm under the captions "Summary Selected
Financial Data", "Selected Financial Data" and "Experts" and to the use of our
report on American Campus Communities Predecessor dated March 26, 2004, in the
Amendment No. 1 to Registration Statement (Form S-11 No. 333-114813) and related
Prospectus of American Campus Communities, Inc. for the registration of shares
of its common stock.


                                        /s/ Ernst & Young LLP

Austin, Texas
June 14, 2004