8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington D.C., 20549

                                    Form 8-K

                                 Current Report
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

            Date Of Report (Date Of Earliest Event Reported): 3/29/05

                        American Campus Communities, Inc.
             (Exact Name of Registrant as Specified in its Charter)

                        Commission File Number: 001-32265

              MD                                                  760753089
(State or Other Jurisdiction Of                               (I.R.S. Employer
 Incorporation or Organization)                              Identification No.)

                         805 Las Cimas Parkway Suite 400
                                Austin, TX 78746
          (Address of Principal Executive Offices, Including Zip Code)

                                  512-732-1000
              (Registrant's Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17
    CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
    Act(17CFR240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act(17CFR240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act(17CFR240.13e-4(c))

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                       Items to be Included in this Report

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ITEM 2.01 REGULATION FD DISCLOSURE

On March 30, 2005, American Campus Communities, Inc. issued a press release
announcing that we have completed the previously announced acquisition of the
Exchange at Gainesville, a 1,044-bed student housing property serving students
attending the University of Florida campus in Gainesville, Florida. In
connection with the acquisition, we entered into a bridge loan of approximately
$37.4 million.

The press release is furnished pursuant to Item 2.01 and shall not be deemed
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the
"Exchange Act"), or subject to the liabilities of that Section. The information
in this Current Report shall not be incorporated by reference in any filing
under the Securities Act of 1933 or the Exchange Act, except as shall be
expressly set forth by specific reference in such filing.

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                                  Signature(s)

     Pursuant to the Requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
Undersigned hereunto duly authorized.

                                           American Campus Communities, Inc.


                                           By: /s/ Mark J. Hager
Date: April 4, 2005.                           ---------------------------------
                                               Mark J. Hager
                                               Executive Vice President, Chief
                                               Financial and Accounting Officer
                                               and Treasurer

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                                  Exhibit Index

Exhibit No.    Description
- -----------    -----------
 EX-99.1       Press Release Dated March 30, 2005

EX-99.1

                                                                    Exhibit 99.1

American Campus Communities Closes on Seventh Acquisition During the First
Quarter

     AUSTIN, Texas--(BUSINESS WIRE)--March 30, 2005--American Campus Communities
Inc. (NYSE:ACC) today announced that it has completed the previously announced
acquisition of The Exchange at Gainesville, a 1,044-bed student housing
community serving students attending the University of Florida campus in
Gainesville, Florida.
     "This asset, which is located just a quarter of a mile from campus, fits
our investment criteria, which focuses on developing and acquiring high-quality
assets in close proximity to major universities," said Bill Bayless, ACC chief
executive officer. "We are also pleased with the successful implementation of
our growth plan, with this being the seventh property we have acquired this
quarter, representing over $120 million in acquisitions."
     The Exchange at Gainesville features all private bedroom and private
bathroom accommodations that feature high speed Internet, cable and voice in
each bedroom. The community also features extensive amenities with two pools,
including a large resort-style swimming pool with water basketball, water
volleyball and a large sun deck. Other amenities include a large clubhouse with
a fully equipped fitness center, game room, computer lab, club room and tanning
bed. The community offers pedestrian, bicycle and bus service to the campus.
Additional on-site amenities include barbeque grills, a basketball court and a
sand volleyball court.

     About American Campus Communities Inc.

     American Campus Communities Inc. is one of the largest publicly traded
REITs focused solely on student housing in the United States. American Campus
Communities is a fully integrated, self-managed and self-administered equity
REIT with expertise in the acquisition, design, finance, development,
construction management, and leasing and management of student housing
properties. The company owns and manages 24 high-quality student housing
properties containing approximately 15,600 beds. Including its owned properties,
the company manages 43 student housing properties, representing approximately
26,900 beds.

     Forward-Looking Statements

     This release contains forward-looking statements, which express the current
beliefs and expectations of management. 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. 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 development or otherwise.
     For more information please go to the company website, at
www.americancampuscommunities.com.


     CONTACT: American Campus Communities Inc., Austin
              Mark Hager, 512-732-1000
               or
              The Financial Relations Board
              Georganne Palffy, 312-640-6768