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 June 3, 2016 for current year and June 3, 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 + Leases 1 Rentable Beds 2 % of Rentable Beds % of Rentable Beds 2017 Same Store Wholly-owned Properties Final Fall 2015 occupancy of 98% or greater 59,023 61,487 96.0% 97.9% 61,612 99.6% Final Fall 2015 occupancy between 95% and 98% 9,647 11,104 86.9% 87.3% 11,148 96.8% Final Fall 2015 occupancy less than 95% 11,552 14,623 79.0% 71.6% 14,711 85.3% Total 2017 Same Store Wholly-owned Properties 80,222 87,214 92.0% 92.2% 4 87,471 96.8% New Wholly-owned Properties 6 2,933 3,169 92.6% n/a 3,193 n/a Total - Wholly-owned Properties 83,155 90,383 92.0% 92.2% 4 90,664 96.8% 4 Prior Year Leases Leases 1 Rentable Beds 2 % of Rentable Beds % of Rentable Beds 2017 Same Store Wholly-owned Properties Final Fall 2015 occupancy of 98% or greater 55,123 61,487 89.6% 91.5% 61,612 99.6% Final Fall 2015 occupancy between 95% and 98% 9,098 11,104 81.9% 82.0% 11,148 96.8% Final Fall 2015 occupancy less than 95% 10,584 14,623 72.4% 63.6% 14,711 85.3% Total 2017 Same Store Wholly-owned Properties 74,805 87,214 85.8% 85.6% 4 87,471 96.8% 3.0% 3.0% New Wholly-owned Properties 6 2,388 3,169 75.4% n/a 3,193 n/a n/a n/a Total - Wholly-owned Properties 77,193 90,383 85.4% 85.6% 4 90,664 96.8% 4 3.0% 3.0% Current Projected Rate Increase 5 Current Year Design Beds Final Fall 2015 Occupancy 3 Current Year Design Beds Final Fall 2015 Occupancy 3 Initial Projected Rate Increase Exhibit 99.1