Summary of AMERICAN COMMUNITY PROPERTIES TRUST

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

(a) Director Resignation.

On September 8, 2009, Ross B. Levin delivered a letter to J. Michael Wilson, Chairman of the Board of Trustees of American Community Properties Trust (the "Company"), in which Mr. Levin resigned as a trustee of the Company. A copy of Mr. Levin's resignation letter, in which he states his reasons for resigning, is attached hereto as Exhibit 99.1.

On September 2, 2009, the Company's Board of Trustees formed a special committee composed of the five independent trustees (the "Committee") to consider various strategic alternatives for the Company, including a potential sale of the Company. In connection with this process, the Company has executed a non-binding term sheet with a potential buyer that has submitted an expression of interest in acquiring the Company. The term sheet requires that the Company negotiate exclusively with the potential buyer through September 23, 2009. Although the Committee considered carefully Mr. Levin's recommendations regarding the Company's review of strategic alternatives, the Committee determined that the Company's shareholders would be best served by negotiating initially on an exclusive basis with this potential buyer. If a definitive agreement is reached with this potential buyer, the Company would undertake an appropriate market check immediately following the execution of that agreement. At this time, however, the Committee has not approved a definitive agreement with any particular buyer.