American Campus Communities Inc.

William C. Bayless, Jr., our president and chief executive officer, is a co-founder of American Campus and serves on our board of directors. Prior to assuming the role of CEO in 2003, he served as our chief operating officer where he directed all of the company's business segments. From 1993 until July 1995, he served as our vice president of development. Prior to the formation of ACC, he served as the director of operations for Century Development's student housing division and as the director of marketing for the student housing division of Cardinal Industries. His student housing career began in 1984 with Allen & O'Hara where he held the positions of resident assistant, resident manager and area marketing coordinator. Mr. Bayless, who received a B.S. in Business Administration from West Virginia University, is considered one the nation's foremost experts on student housing.

Brian B. Nickel serves as our senior executive vice president of capital market strategies and chief investment officer where he leads the execution of all investment and growth activities. He is also a member of ACC’s board of directors. Mr. Nickel joined the company in June 1996 as the director of business development and has progressively contributed to the growth of the company, serving in various capacities including chief financial officer, senior vice president of development and vice president of on-campus development, vice president of acquisitions and director of acquisitions. Before joining ACC, he held positions in the investment banking firm of Kidder, Peabody & Company and with the corporate finance group of LaSalle Partners. Mr. Nickel received a B.S. in Economics from Northwestern University.

James C. Hopke, Jr. serves as our executive vice president of project management and construction where he provides oversight of the delivery of our owned and third-party development pipeline. Previously, Mr. Hopke served as chief investment officer where he oversaw the company’s acquisitions and development investments, and third-party business development services. Prior to rejoining ACC in May 2005, Mr. Hopke was vice president, asset management and advisory services, for Wachovia Securities’ Real Estate Capital Markets group. From February 2000 until November 2002, he served as our senior vice president of acquisitions. Before ACC, he held the position of vice president at JPI Development and Insignia Financial Group. A former MAI appraiser and member of the Appraisal Institute, Mr. Hopke received a B.S. in Administrative Management from Clemson University.

Jonathan A. Graf serves as our executive vice president, chief financial officer and treasurer. Previously, Mr. Graf held the position of senior vice president, chief accounting officer, and controller. Mr. Graf joined the company shortly after its IPO bringing more than 10 years of public company accounting, compliance and regulatory experience. Prior to joining ACC, he served as vice president and controller at Southern Union Company. From 1988 until 1994, he was an audit manager and information systems auditor at Ernst & Young LLP. Mr. Graf received a B.A. in Accounting from Texas A&M University and is a certified public accountant.

James E. Wilhelm, III serves as our executive vice president of public/private transactions and spearheads the company's American Campus Equity (ACE) program. For more than a decade, Mr. Wilhelm has specialized in higher education and related non-profit finance, and since 2000, has originated more than $1.8 billion of debt and derivative transactions for more than 80 higher education institutions and non-profits. He has served as the investment banker for more than $350 million of ACC projects. Mr. Wilhelm joined ACC from RBC's public finance department where he served as the managing director of the higher education sector. Prior to RBC, he was a managing director with Bank One Capital Markets (currently JPMorgan Capital Markets) and held positions at McDonald & Company Securities (currently KeyBanc Capital Markets) and The Ohio Company (currently Fifth Third Markets). Mr. Wilhelm is a graduate of Miami University with a Bachelor of Science degree in Finance.

Brian Winger serves as our senior vice president-transactions. He joined ACC in March 2000 as director of on-campus development and has since served in increasing capacities. Prior to joining us, Mr. Winger was the chief operating officer with Aspen Gold Development Company (a private real estate developer). He also held the position of endowment development officer and ultimately served as general counsel for Oklahoma Christian University. Mr. Winger received a J.D. from Oklahoma City University and a B.S. in history/pre-law from Oklahoma Christian University and is a licensed attorney in Oklahoma.

Clint Braun serves as our senior vice president of construction management and oversees project development, design, scheduling, budgeting, procurement, construction and reporting for the company. Mr. Braun joined ACC in February 2000 as director of construction management, was promoted to vice president of construction management in February 2002, and assumed the role of SVP in September 2006. During his tenure with us, he has supervised the successful completion of over 6,500 beds and $380 million in development costs, including three LEED projects, on-time and within the approved budgets. Before joining ACC, Mr. Braun held various construction management positions with JPI (a private real estate developer) from 1996 to 2000. Mr. Braun received a B.S. in Construction Science from Texas A&M University.

Daniel Perry serves as our senior vice president of capital markets. He joined ACC in February 2005 as vice president of investments. Prior to joining ACC, Mr. Perry held positions in the investment banking division of Citigroup Global Markets where he assisted with the successful completion of ACC’s initial public offering in 2004. He also worked in the corporate finance divisions of BNP Paribas and Banc of America (fka NationsBank). Mr. Perry holds a B.A. in Finance and Accounting from Texas A&M University and a M.B.A. from NYU’s Stern School of Business.

James Sholders serves as senior vice president of management services. From June 2003 to 2005 he served as our vice president of management services, and joined ACC in 2001 as a regional manager. Mr. Sholders began his career in student housing in 1989 as a resident assistant with Allen and O'Hara, where he served in increasing capacities through 2001. Mr. Sholders received a B.S. in Secondary Education from West Virginia University and is a Certified Property Manager.

James E. Wilhelm, III serves as our executive vice president of public/private transactions and spearheads the company's American Campus Equity (ACE) program. For more than a decade, Mr. Wilhelm has specialized in higher education and related non-profit finance, and since 2000, has originated more than $1.8 billion of debt and derivative transactions for more than 80 higher education institutions and non-profits. He has served as the investment banker for more than $350 million of ACC projects. Mr. Wilhelm joined ACC from RBC's public finance department where he served as the managing director of the higher education sector. Prior to RBC, he was a managing director with Bank One Capital Markets (currently JPMorgan Capital Markets) and held positions at McDonald & Company Securities (currently KeyBanc Capital Markets) and The Ohio Company (currently Fifth Third Markets). Mr. Wilhelm is a graduate of Miami University with a Bachelor of Science degree in Finance.

Jason Wills serves as our senior vice president of on-campus development. Prior to obtaining this position, he served as our senior vice president of marketing and development. Mr. Wills joined ACC in February 1997 as manager-marketing and leasing and has served us in increasing capacities. He began his career in student housing with Century Development, where he held the positions of resident assistant and marketing coordinator. Mr. Wills attended the University of Texas, Arlington, where he studied Journalism and Marketing.

Jennifer Beese serves as our senior vice president of leasing administration. Ms. Beese joined ACC in November 1999 as regional manager and has contributed to the operational growth of the company in the positions of vice president of leasing administration, director of leasing administration and director of on-campus development. Ms. Beese was largely responsible for the initial concept, design and implementation of ACC’s proprietary leasing administration and marketing software system (LAMS). Prior to joining ACC, Ms. Beese began her career with JPI Development where she held various property management positions. Ms. Beese received a B.A. in History from Texas A&M University.

Jorge de Cárdenas serves as our senior vice president of information technology and joined ACC in January 2004 as vice president of IT. He currently serves as board president for The Austin School for the Performing and Visual Arts. Prior to joining American Campus, he served as director of product management for emerging technologies at Visa where he was responsible for defining product strategies and delivering application services to a global market. Mr. de Cárdenas began his career developing software for NASA at Lockheed Engineering and Science. He was also co-founder and principal consultant of Everest Technologies, Inc., an Oil & Gas IT consulting firm which was sold to SAIC, Inc. Mr. de Cárdenas received a B.S. in Computer Science with specializations in Mathematics and Management from Texas A&M University.

Steve Crawford serves as senior vice president of management services and previously held the position of vice president of management services. He joined ACC in October 1997 as a regional manager and has since served us in increasing capacities. Mr. Crawford began his career in student housing with Allen & O'Hara, Inc., where he held various student housing management positions from 1991 until 1997. Mr. Crawford received a B.A. from the University of California, Santa Barbara and a Masters of Public Administration from California State University, San Diego.

Victor Young serves as our senior vice president of project management and construction with a focus on the execution and delivery of projects under construction. Mr. Young joined ACC in January 2007 as vice president of construction management and was promoted to his current position in November 2007. Prior to joining ACC, he held a number of construction management positions at privately owned real estate development companies including JPI, The Hanover Company, and TCR. His background includes field supervision and project management of garden-style, urban high density, and high-rise multifamily projects. Mr. Young received a B.S. in Construction Management from Northeast Louisiana University (now ULM) in Monroe, La. in 1996.

William Talbot serves as our senior vice president-investments. He joined us in August 2001 as director of acquisitions and has since served in increasing capacities, including director of asset management and vice president of investments. Prior to joining us, Mr. Talbot was an acquisitions analyst for Lend Lease Real Estate Investments, Inc. from 1997 until 2001, where he was involved in acquisitions on behalf of pension fund clients. Mr. Talbot received a B.A. in Economics and Spanish from Vanderbilt University.

Kim K. Voss serves as our senior vice president and controller. Ms. Voss joined ACC in June 2004, previously holding the positions of vice president and controller and assistant controller. She began her career in the Audit and Business Advisory group of Arthur Andersen LLP in San Francisco, California, where her client base consisted primarily of REITs and other real estate entities. Immediately prior to joining ACC, she held the position of assistant controller with AMB Property Corporation in San Francisco, a publicly-traded industrial REIT that owns and operates properties in numerous global markets. A certified public accountant, Ms. Voss holds a B.B.A. and a Master in Professional Accounting degree from the University of Texas at Austin.

Mr. Lowenthal is a Director and has served in this capacity since October 17, 1995. Mr. Lowenthal also serves as a director of WRP, REIS, Inc. (a private provider of real estate market information and valuation technology), American Campus Communities (NYSE:ACC) (a public developer, owner and operator of student housing at the university level), Desarrolladora Homex (NYSE: HXM) (a Mexican homebuilder) and serves as a trustee of the Manhattan School of Music. From January 1997 to March 2002, Mr. Lowenthal served as President and Chief Executive Officer of Wellsford Real Properties, Inc. (AMEX:WRP) (a real estate merchant bank) and was President of the predecessor of Wellsford Real Properties, Inc. since 1986. Mr. Lowenthal also previously served as a director of Ark Restaurants (Nasdaq:ARKR) (a publicly traded owner and operator of restaurants).

G. Steven Dawson, age 50, has served as our director since January 11, 2005 and currently serves as the Chairman of the Nominating and Corporate Governance Committee. Mr. Dawson was previously a member of the compensation committee and nominating and corporate governance committee for Sunset Financial Resources, Inc. and was also the chairman of the special committee in connection with our merger with AFT. Mr. Dawson is currently director and chief financial officer of Desert Capital REIT, Inc. (public but non-listed), a Las Vegas-based commercial mortgage REIT, and managing director of Sandstone Equity Investors, LLC, the outside advisor of Desert Capital REIT, Inc. He also serves on the board of directors of AmREIT, Inc. (AMEX: AMY), a Houston-based owner and developer of retail properties (chairman of the audit committee; member of the compensation committee and nominating and governance committee), Medical Properties Trust (NYSE: MPW), a Birmingham, Alabama-based REIT specializing in the ownership of acute care facilities and related medical properties (chairman of the audit committee) and American Campus Communities (NYSE: ACC), an Austin-based equity REIT focused on student housing (chairman of the audit committee; member of the compensation committee). From 1990 to 2003, Mr. Dawson served as chief financial officer of Camden Property Trust and its predecessors, a multi-family REIT based in Houston with apartment operations, construction and development activities throughout the United States.

Born and raised in Northeastern Ohio, Jim Coleman graduated with a B. A. in Rhetoric Communication from Kent State University in 1987. Since then he has embarked on an exciting and diverse career in fundraising. As a senior at Hudson High in Hudson, Ohio Jim created and conducted his first charitable effort with the first annual Powder Puff Volleyball game that collected over 300 cans of food for the needy at Thanksgiving. His first job out of college was working with United Way Services in Cleveland, Ohio. After acceptance into the United Way Young Professional Fast Track Program, he enjoyed a ten year career running employee campaigns in San Diego, California and Columbus, Ohio. After leaving United Way, Jim was recruited to be the first development director for City Year Columbus, a youth service corps that was founded in 1994. He secured sponsorship for the first ever national City Year service conference and also played a major role in founding the City Year Chapter in Cleveland, Ohio. Jim's political career began as the finance director for Voinovich for Senate. With no political experience he applied his years of fundraising and relationship building skills to raise over ten million dollars to elect then Governor George Voinovich to the US Senate. He then went on to work for Kasich 2000 and Bush for President in the same election cycle. Besides his political and non profit experience Coleman has also participated in many association and PAC fundraising efforts. He also has had the opportunity to raise dollars for economic development campaigns as the VP for Investor Relations with the Chamber of Commerce. In addition to his professional fundraising, he is also a strong patron in the development efforts in the emerging arts community in Columbus. Also, in honor of the memory of two of his best friends and their surviving children, Jim has raised thousands of dollars to support Joan's Fund through the James Cancer center. A recovering marathoner, Jim is still an avid runner and a squash player at the Athletic Club of Columbus. He also serves as a board member for the ACC and is very active with the social committee and membership recruitment campaign.

Michael, a member of the Henneman Engineering team since 1971, became a principal of the firm in 1977. He holds both a bachelor's degree in electrical engineering and master of business administration degree from the University of Illinois. Henneman is a registered professional engineer in the states of Illinois, Texas, Missouri, Arizona, Wisconsin and Indiana. Henneman is also a founder of Royal Properties, a real estate development company which develops, owns and operates residential apartment projects in Illinois, Florida, Kentucky, Arizona, Tennessee, and Texas. Additionally, Henneman is managing partner of HRBR Design Build, LLC, an affiliate of Henneman Engineering, and HWS Energy Partners, LLC, an energy service provider.