Washington 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): 2/17/05
                        American Campus Communities, Inc.
             (Exact Name of Registrant as Specified in its Charter)
                        Commission File Number: 001-32265
                    MD                                     760753089
      (State or Other Jurisdiction Of                   (I.R.S. Employer
       Incorporation or Organization)                  Identification No.)
                         805 Las Cimas Parkway Suite 400
                                Austin, TX 78746
          (Address of Principal Executive Offices, Including Zip Code)
              (Registrant's Telephone Number, Including Area Code)

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 (see General Instruction A.2. below):

[ ]  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

[ ]  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))


                       Items to be Included in this Report

Item 7.01.   Regulation FD Disclosure

     On February 17, 2005, the board of directors of American Campus
Communities, Inc. declared a regular quarterly dividend of $0.3375 per share of
common stock, payable March 8, 2005, to shareholders of record at the close of
business on February 25, 2005

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

     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.
                                               American Campus Communities, Inc.
                                           By: /s/ Mark J. Hager
Date: February 17, 2005.                       ---------------------------------
                                               Mark J. Hager
                                               Executive Vice President, Chief
                                               Financial and Accounting Officer
                                               and Treasurer

                                  Exhibit Index
Exhibit No.    Description
-----------    -----------
  EX-99.1      Press Release Dated February 17, 2005.