Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(b) On October 13, 2008, Scott Rechler resigned as a member of the Board of Directors of American Campus Communities, Inc. due to time demands of his business activities as chief executive officer of RexCorp Realty LLC and other business pursuits.
Item 7.01 Regulation FD Disclosure
The press release related to Mr. Rechler's resignation 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.

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