2016 / 2017 Leasing Status Note: The same store grouping presented above for purposes of disclosing the pre-leasing status for the upcoming 2016/2017 academic year represents properties that will be classified as same store properties in 2017. This represents properties owned and operating for both of the entire years ended December 31, 2016 and 2017, and which are not conducting or planning to conduct substantial development or redevelopment activities. 1. As of April 8, 2016 for current year and April 8, 2015 for prior year. 2. Rentable beds exclude beds needed for on-site staff. 3. As of September 30, 2015. 4. Properties not owned or under ACC management during the prior year, or properties whose leasing progress is not comparable to the prior year as a result of plans to renovate or redevelop the property, are excluded for purposes of calculating the prior year percentage of rentable beds. 5. Projected rate increase reflects projected rental rates anticipated to be achieved through the end of the company’s leasing cycle, up to targeted occupancy. 6. Properties currently under construction with an anticipated delivery date of Fall 2017 are not included because these properties will not begin undertaking leasing activities until Fall 2016. Prior Year Applications + Leases Applications + Leases1 Rentable Beds2 % of Rentable Beds % of Rentable Beds 2017 Same Store Wholly-owned Properties Final Fall 2015 occupancy of 98% or greater 51,604 61,482 83.9% 85.3% 61,612 99.6% Final Fall 2015 occupancy between 95% and 98% 8,002 11,105 72.1% 69.0% 11,148 96.8% Final Fall 2015 occupancy less than 95% 9,526 14,624 65.1% 56.5% 14,711 85.3% Total 2017 Same Store Wholly-owned Properties 69,132 87,211 79.3% 78.5%4 87,471 96.8% New Wholly-owned Properties6 2,325 3,171 73.3% n/a 3,193 n/a Total - Wholly-owned Properties 71,457 90,382 79.1% 78.5%4 90,664 96.8%4 Prior Year Leases Leases1 Rentable Beds2 % of Rentable Beds % of Rentable Beds 2017 Same Store Wholly-owned Properties Final Fall 2015 occupancy of 98% or greater 48,173 61,482 78.4% 78.8% 61,612 99.6% Final Fall 2015 occupancy between 95% and 98% 7,455 11,105 67.1% 62.5% 11,148 96.8% Final Fall 2015 occupancy less than 95% 8,542 14,624 58.4% 49.2% 14,711 85.3% Total 2017 Same Store Wholly-owned Properties 64,170 87,211 73.6% 71.9%4 87,471 96.8% 3.0% 3.0% New Wholly-owned Properties6 1,849 3,171 58.3% n/a 3,193 n/a n/a n/a Total - Wholly-owned Properties 66,019 90,382 73.0% 71.9%4 90,664 96.8%4 3.0% 3.0% Current Projected Rate Increase5 Current Year Design Beds Final Fall 2015 Occupancy3 Current Year Design Beds Final Fall 2015 Occupancy3 Initial Projected Rate Increase Exhibit 99.1