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NEWTOWN SQUARE, Pa., June 6 /PRNewswire-FirstCall/ -- GMH Communities Trust ("GMH" or the "Company") (NYSE:GCT) today announced that the Company's board of trustees (the "Board") authorized a special distribution in the amount of $1.71 per share (the "Special Distribution") to the Company's shareholders of record as of the close of business on the day immediately prior to the effective time of the Company's merger with an affiliate of American Campus Communities, Inc. ("ACC"). The Special Distribution is payable on June 12, 2008, subject to the closing of the proposed merger of the Company with ACC. The proposed merger is expected to occur on or about June 11, 2008, subject to the satisfaction or waiver of closing conditions, including the approval of GMH shareholders at the special meeting scheduled for June 10, 2008. The Special Distribution is in addition to the merger consideration that GMH shareholders will be entitled to receive under the terms of the merger agreement following the closing of the proposed merger. The Special Distribution was authorized by the Board for the purpose of distributing, as previously announced, (i) a percentage of the amount received in connection with the disposition of certain student housing properties and (ii) the net proceeds from the pending sale of the Company's home office. In addition, a portion (approximately $0.98 per share) of the Special Distribution is comprised of the remaining net proceeds from the sale of GMH's former military housing division. The sale of the home office is expected to close immediately prior to the closing of the proposed merger. If the sale of the home office is not completed, the Special Distribution will be reduced by $0.029 per share. The Company has filed a definitive proxy statement with the Securities and Exchange Commission in connection with the proposed merger with ACC. The definitive proxy statement was mailed to GMH shareholders on or about April 29, 2008. A special meeting of the Company's shareholders has been scheduled for June 10, 2008 at 11 a.m. local time, at the Philadelphia Marriott West, 111 Crawford Avenue, West Conshohocken, PA 19428, to vote on the proposed merger. About GMH Communities Trust GMH Communities Trust (http://www.gmhcommunities.com/) is a publicly-traded Maryland real estate investment trust, or REIT. It is a self-advised, self-managed, specialty housing company focused on providing housing to college and university students residing off-campus. GMH Communities also provides property management services to third-party owners of student housing properties, including colleges, universities, and other private owners. GMH Communities is based in Newtown Square, PA. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as "may," "will," "should," "expect," "estimate" or other comparable terminology. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statement. Such risks, uncertainties, and other factors include, but are not limited to, (i) the occurrence of any effect, event, development or change that could give rise to the termination of the merger agreement with ACC, (ii) the inability to complete the merger, due to the failure of the Company's shareholders to approve the merger, (iii) the inability to close the sale of the Home Office, (iv) the failure of any party to satisfy the conditions to the closing of the merger, (v) the failure of ACC to obtain the necessary financing arrangements described in the definitive proxy statement, (vi) risks that the Company will not be able to pay all or any portion of the Special Distribution because the merger or the sale of the home office does not close (vii) risks that the proposed merger disrupts current plans and operations and the potential difficulties in employee retention and (viii) risks relating to the Company's business presented in its filings with the SEC. Forward-looking statements are made as of the date of this press release, and the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Additional Information and Where to Find It This press release does not constitute an offer of any securities for sale. In connection with the merger, ACC has filed with the SEC a registration statement on Form S-4, which includes a proxy statement/prospectus of GMH and ACC and other relevant materials in connection with the proposed transactions. The proxy statement was mailed to GMH shareholders starting on April 29, 2008. Investors and security holders of GMH are urged to read the proxy statement/prospectus and the other relevant material because they contain important information about GMH, ACC and the proposed transactions. The proxy statement/prospectus and other relevant materials, and any and all documents filed by GMH or ACC with the SEC, may be obtained free of charge at the SEC's web site at http://www.sec.gov/. In addition, investors and security holders may obtain free copies of the documents filed with the SEC by GMH by directing a written request to GMH Communities Trust, 10 Campus Boulevard, Newtown Square, Pennsylvania 19073, Attention: Investor Relations. Investors and security holders may obtain free copies of the documents filed with the SEC by ACC by directing a written request to American Campus Communities, Inc., 805 Las Cimas Parkway, Suite 400, Austin, Texas 78746 Attention: Investor Relations. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND THE OTHER RELEVANT MATERIALS BEFORE MAKING ANY VOTING OR INVESTMENT DECISION WITH RESPECT TO THE PROPOSED TRANSACTIONS. ACC, GMH and their respective executive officers, directors and trustees may be deemed to be participants in the solicitation of proxies from the security holders of GMH in connection with the merger. Information about those executive officers and directors of ACC and their ownership of ACC common stock is set forth in the proxy statement for ACC's 2008 Annual Meeting of Stockholders, which was filed with the SEC on April 2, 2008. Information about the executive officers and trustees of GMH and their ownership of GMH common shares is set forth in GMH's Annual Report on Form 10K/A, which was filed with the SEC on April 29, 2008. Investors and security holders may obtain additional information regarding the direct and indirect interests of ACC, GMH and their respective executive officers, directors and trustees in the Merger by reading the proxy statement and prospectus regarding the merger. DATASOURCE: GMH Communities Trust CONTACT: Financial Relations Board: Joe Calabrese, +1-212-827-3772, (Analyst Info), for GMH Communities Trust Web site: http://www.gmhcommunities.com/

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