American Campus Communities Inc. has announced that it plans to sell 4.5 million shares of common stock in a public offering. If demand is there, another 675,000 shares might be sold. Proceeds will go towards the pending merger with GMH Communities Trust. If the merger is not consummated, the net proceeds will go towards repaying current debt, to fund its current development pipeline and potential acquisitions of student housing properties and for general corporate purposes. Merrill Lynch & Co. and KeyBanc Capital Markets will serve as joint book-running managers for the offering. Deutsche Bank Securities Inc. and J.P. Morgan Securities Inc. will serve as co-lead managers for the offering.







