Exhibit 99.8

                        American Campus Communities, Inc.
                 Announces Strategic Realignment of Management;
                 Appoints Jim Hopke as Chief Investment Officer

    Business Editors/Real Estate Writers

    AUSTIN, Texas--(BUSINESS WIRE)--April 28, 2005--American Campus
Communities, Inc. (NYSE:ACC), one of the nation's largest owners,
managers and developers of high-quality student housing properties,
today announced the following executive changes:

    --  Jim Hopke will be rejoining the company and is being appointed
        to the position of executive vice president and chief
        investment officer.

    --  Mark Hager, chief financial and accounting officer and
        treasurer of American Campus Communities, has resigned in
        order to pursue his entrepreneurial interests. He will
        continue in his present role through May 16, 2005 and will
        remain with the company through June 30 to facilitate an
        orderly transition.

    --  Brian Nickel, currently chief investment officer of American
        Campus Communities, has been appointed as chief financial
        officer effective May 17, 2005.

    --  Jon Graf, currently vice president and controller of American
        Campus Communities, has been promoted to the position of
        senior vice president, chief accounting officer and treasurer.

   --  Greg Dowell, currently senior vice president and chief of
        operations of American Campus Communities, has been promoted
        to executive vice president and chief of operations.

    --  Kim Voss, currently the assistant controller of American
        Campus Communities, has been promoted to vice president and
        controller.

    Chief Executive Officer Bill Bayless stated, "We are extremely
pleased to have Jim rejoin our management team, his intuitive
investment capabilities are well aligned with our long-term goals.
Brian Nickel has demonstrated in-depth industry knowledge, solid
leadership and financial acumen during his tenure at American Campus
Communities and we look forward to his contributions in the role of
chief financial officer. The company has successfully achieved its
near term business initiatives as outlined during our initial public
offering, and with this realignment we are well positioned to realize
our long-term business objectives. We thank Mark Hager for his
significant role in the growth of the company including the initial
public offering, and for building a strong financial and
administrative operations infrastructure, which will make this
transition seamless. I consider Mark's resignation a personal loss and
we wish him all the best in his endeavors."
    Mr. Hopke is leaving his position as vice president at Wachovia
Securities, where his responsibilities included providing asset
management services for balance sheet investments including bridge
loans, mezzanine loans, preferred and common equity. He formerly
served as the senior vice president of acquisitions for American
Campus Communities from 1999 - 2002, a period of significant growth
for the company. Prior to joining American Campus Communities in 1999,
Mr. Hopke held positions with JPI and Insignia Financial Group. He
holds a bachelor of science from Clemson University.

    About American Campus Communities, Inc.

    American Campus Communities, Inc. is one of the largest publicly
traded REITs solely focused 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 26,900 beds. For more
information about the company please go to the company website, at
www.studenthousing.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. 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 developments or otherwise.



    CONTACT: American Campus Communities, Inc., Austin
             Bill Bayless, 512-732-1000
              or
             At the Financial Relations Board
             Georganne Palffy, 312-640-6768