8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSIONWashington, 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):September 22, 2008

AMERICAN CAMPUS COMMUNITIES, INC.

(Exact name of Registrant as specified in its Charter)

Maryland	001-32265	76-0753089
(State or other jurisdiction of incorporation or organization)	(Commission file number)	(I.R.S. Employer Identification Number)

805 Las Cimas Parkway, Suite 400

Austin, TX  78746

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: 512-732-1000


Not applicable
(Former name or former address, if changed since last report)

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:

⃞ 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 (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01     Regulation FD Disclosure

On September 22, 2008, American Campus Communities, Inc. disclosed updated leasing information for its properties in connection with an investor presentation. A copy of such information is attached hereto as Exhibit 99.1.

Such information is furnished pursuant to Item 7.01 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, 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 Securities Exchange Act of 1934, except as shall be expressly set forth by specific reference in such filing.

Item 9.01     Financial Statements and Exhibits

(c)       Exhibits

The Exhibits to this Report are listed on the Exhibit Index attached hereto.

SIGNATURES

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.

Date:	September 22, 2008	AMERICAN CAMPUS COMMUNITIES, INC.
		By:	/s/ Jonathan A. Graf
			Jonathan A. Graf
			Executive Vice President, Chief Financial
			Officer and Treasurer

EXHIBIT INDEX

Exhibit Number	Title
99.1	2008/2009 Fall Leasing Update

EX-99.1

Exhibit 99.1

Current Leases (1) % of Rentable Beds Prior Year (2) Prior Year % of Rentable Beds Rentable Beds (3) Total Design Beds Leases The Callaw ay House-College Station, TX 547 103.8% 546 103.6% 527 538 Royal Lexington-Lexington, KY 364 100.0% 343 94.2% 364 364 Callaw ay Villas-College Station, TX (7) 689 99.7% 687 99.4% 691 704 Northgate Lakes-Oviedo, FL 706 99.4% 697 98.2% 710 710 The Village at Blacksburg-Blacksburg, VA 1,042 99.4% 1,042 99.4% 1,048 1,056 The Outpost San Antonio-San Antonio, TX 823 99.4% 822 99.3% 828 828 The Village at Science Drive-Orlando, FL 718 99.3% 713 98.6% 723 732 The Outpost San Marcos-San Marcos, TX 482 99.2% 479 98.6% 486 486 Cityparc at Fry Street-Denton, TX 405 99.0% 406 99.3% 409 418 University Club Tallahassee-Tallahasse, FL (4) 726 98.9% 728 99.2% 734 736 Aggie Station-Bryan, TX 445 98.9% 448 99.6% 450 450 University Village-Temple-Philadelphia, PA 718 98.8% 724 99.6% 727 749 Raider's Pass-Lubbock, TX 812 98.7% 809 98.3% 823 828 The Village at Alafaya Club-Orlando, FL 816 98.4% 819 98.8% 829 839 University Club Gainesville-Gainesville, FL 370 98.4% 372 98.9% 376 376 Entrada Real-Tucson, AZ 356 98.1% 358 98.6% 363 363 University Village at Boulder Creek-Boulder, CO 293 98.0% 293 98.0% 299 309 Royal Village Gainesville-Gainesville, FL 438 98.0% 437 97.8% 447 448 University Village-Fresno-Fresno, CA 387 98.0% 330 83.5% 395 406 Raider's Crossing-Murfreesboro, TN 270 97.8% 273 98.9% 276 276 Royal Tallahassee-Tallahasse, FL (5) 694 97.2% 701 98.2% 714 716 Villas on Apache-Tempe, AZ 277 96.9% 284 99.3% 286 288 The Woods at Greenland-Murfreesboro, TN 267 96.7% 270 97.8% 276 276 The Estates-Gainesville, FL 962 93.6% 1,017 98.9% 1,028 1,044 College Club Tallahassee-Tallahasse, FL (6) 503 93.3% 525 97.4% 539 544 University Centre - New ark-New ark, NJ (7) 755 92.1% 606 73.9% 820 838 River Walk Tow nhomes-Athens, GA 305 91.0% 331 98.8% 335 336 University Village at Sw eethome-Amherst, NY 716 87.9% 815 100.0% 815 828 River Club Apartments-Athens, GA 688 87.6% 766 97.6% 785 792 Same Store Properties Subtotal (Excluding 2007 Acquisitions 16,574 96.9% 16,641 97.3% 17,103 17,278 (1) As of Sept 19, 2008. (2) Based on occupancy information reported in the Q3-07 analyst package adjusted to exclude beds needed for on-site staff. (3) Rentable Beds exclude beds needed for on-site staff. (4) For lease administration purposes, University Club Tallahassee and The Grove at University Club are reported combined. (5) Formerly know n as Royal Tallahassee. For lease administration purposes, Royal Oaks, Royal Pavilion, and Royal Village are reported combined. (6) For lease administration purposes, College Club Tallahassee and The Greens at College Club are reported combined. (7) The total leases include additional signed Fall 08 Leases that begin after 9/19/08 but before 10/1/08. 2008/2009 Fall Leasing Update Wholly-owned Portfolio Leases 1

2007 Acquisitions Current Leases (1) % of Rentable Beds Prior Year (2) Prior Year % of Rentable Beds Rentable Beds (3) Total Design Beds Leases Olde Tow ne University Square- Toledo, OH 545 99.5% 534 97.4% 548 550 The Village on Sixth-Huntington, WV 717 96.0% 497 66.5% 747 752 Peninsular Place-Ypsilanti, MI 414 88.5% 412 88.0% 468 478 New tow n Crossing-Lexington, KY 817 86.7% 822 87.3% 942 942 2007 Acquisitions Subtotal 2,493 92.2% 2,265 83.7% 2,705 2,722 Same Store Total 19,067 96.3% 18,906 95.4% 19,808 20,000 2008 Acquisitions (Excluding GMH) Current Leases (1) % of Rentable Beds Prior Year (2) Prior Year % of Rentable Beds Rentable Beds (2) Total Design Beds Leases Sunnyside Commons-Morgantow n, WV 157 98.1% n/a n/a 160 161 Pirates Place-Greenville, NC 475 90.0% n/a n/a 528 528 2008 Acquisitions Total (Excluding GMH) 632 91.9% n/a n/a 688 689 Wholly-owned Developments Current Leases (1) % of Rentable Beds Prior Year (2) Prior Year % of Rentable Beds Rentable Beds (2) Total Design Beds Leases Vista del Sol (ACETM)-Tempe, AZ 1,835 99.9% n/a n/a 1,836 1,866 Villas at Chestnut Ridge-Amherst, NY 537 98.9% n/a n/a 543 552 Wholly-owned Developments Subtotal 2,372 99.7% n/a n/a 2,379 2,418 Current Leases (1) % of Rentable Beds Prior Year (2) Prior Year % of Rentable Beds (4) Rentable Beds (2) Total Design Beds Wholly-owned Properties Total (Excluding GMH) 22,071 96.5% 18,906 95.4% 22,875 23,107 (1) As of Sept. 19, 2008. (2) Based on occupancy information reported in the Q3-07 analyst package adjusted to exclude beds needed for on-site staff. (3) Rentable Beds exclude beds needed for on-site staff and/or model units. (4) The prior year rentable beds percentage w as calculated by removing the rentable beds for the 2008 Acquisitions Excluding GMH and the Wholly-ow ned Developments because no 2007 prior year leasing information is available. 2008/2009 Fall Leasing Update, continued Wholly-owned Portfolio Leases 2

Current Leases (1) % of Rentable Beds Prior Year % of Rentable Beds Rentable Beds (2) Total Design Beds Leases Stonegate-Harrisonburg, VA 666 99.9% n/a n/a 667 672 Aztec Corner -San Diego, CA 602 99.3% n/a n/a 606 606 Southview -Harrisonburg, VA 952 99.3% n/a n/a 959 960 University Mills-Cedar Falls, IA 470 98.9% n/a n/a 475 481 University Trails-Lubbock, TX 669 98.7% n/a n/a 678 684 The Commons -Harrisonburg, VA 515 98.3% n/a n/a 524 528 University Crossing-Philadelphia, PA (3) 986 98.1% n/a n/a 1,005 1,026 Campus Trails -Starkville, MS 462 98.1% n/a n/a 471 480 University Pointe-Lubbock, TX 648 96.6% n/a n/a 671 682 Tow er at 3rd -Champaign, IL 277 96.5% n/a n/a 287 295 University Pines-Statesboro, GA 524 96.0% n/a n/a 546 552 Riverside Estates -Cayce, SC 661 95.4% n/a n/a 693 700 Abbott Place -East Lansing, MI 606 95.1% n/a n/a 637 654 Campus Way-Tuscaloosa, AL 638 94.4% n/a n/a 676 684 Lakeside-Athens, GA 718 94.1% n/a n/a 763 776 Brookstone Village-Wilmington, NC 217 93.5% n/a n/a 232 238 Campus Ridge-Johnson City, TN 485 92.7% n/a n/a 523 528 Willow tree Apartments & Tow ers-Ann Arbor, MI 775 91.9% n/a n/a 843 851 Campus Walk - Wilmington-Wilmington, NC 260 91.5% n/a n/a 284 290 University Village - Sacramento-Sacramento, CA 349 91.1% n/a n/a 383 394 Campus Club - Statesboro-Statesboro, GA 885 90.8% n/a n/a 975 984 The Club -Athens, GA 426 90.6% n/a n/a 470 480 Jacob Heights/Summit-Mankato, MN 827 90.1% n/a n/a 918 930 University Manor-Greenville, NC 529 89.7% n/a n/a 590 600 Cambridge at Southern-Statesboro, GA 499 89.4% n/a n/a 558 564 GrandMarc - Seven Corners-Minneapolis, MN 380 88.2% n/a n/a 431 440 Pegasus Connection-Orlando, FL 801 87.3% n/a n/a 918 930 University Meadow s-Mt. Pleasant, MI 512 84.1% n/a n/a 609 616 Campus Corner -Bloomington, IN 620 80.1% n/a n/a 774 800 University Place-Charlottesville, VA 389 76.9% n/a n/a 506 528 University Gables-Murfreesboro, TN 477 74.8% n/a n/a 638 648 Pirates Cove-Greenville, NC 773 74.5% n/a n/a 1,038 1,056 Haw ks Landing-Oxford, OH 350 73.5% n/a n/a 476 484 The Enclave I-Bow ling Green, OH 306 64.4% n/a n/a 475 480 The Highlands-Reno, NV (3) 447 62.7% n/a n/a 713 732 The Centre - Kalamazoo-Kalamazoo, MI 378 55.2% n/a n/a 685 700 Campus Walk - Oxford-Oxford, MS 234 54.8% n/a n/a 427 432 GMH Acquisition Total 20,313 87.8% n/a n/a 23,124 23,485 (1) As of September 19, 2008. (2) Rentable Beds exclude beds needed for on-site staff. (3) The total leases include additional signed Fall 08 Leases that begin after 9/19/08 but before 10/1/08. 2008/2009 Fall Leasing Update, continued Wholly-owned GMH Portfolio Acquisition Leases 3