CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Investments in real estate:
Investments in real estate, net	$ 6,769,903	$ 6,661,034
Cash and cash equivalents	54,650	71,238
Restricted cash	26,698	35,279
Student contracts receivable, net	13,470	8,565
Operating lease right of use assets	460,857
Other assets	234,176	262,730
Total assets	7,559,754	7,038,846
Liabilities:
Secured mortgage, construction and bond debt, net	787,426	853,084
Accounts payable and accrued expenses	88,411	88,767
Operating lease liabilities	473,070
Other liabilities	157,368	191,233
Total liabilities	4,116,699	3,307,599
Commitments and contingencies (Note 15)
Redeemable noncontrolling interests	104,381	184,446
American Campus Communities, Inc. and Subsidiaries stockholders’ equity:
Common stock, $0.01 par value, 800,000,000 shares authorized, 137,326,824 and 136,967,286 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively	1,373	1,370
Additional paid in capital	4,458,456	4,458,240
Common stock held in rabbi trust, 77,928 and 69,603 shares at December 31, 2019 and December 31, 2018, respectively	(3,486)	(3,092)
Accumulated earnings and dividends	(1,144,721)	(971,070)
Accumulated other comprehensive loss	(16,946)	(4,397)
Total American Campus Communities, Inc. and Subsidiaries stockholders’ equity	3,294,676	3,481,051
Noncontrolling interests – partially owned properties	43,998	65,750
Total equity	3,338,674	3,546,801
Partners’ capital:
Accumulated other comprehensive loss	(16,946)	(4,397)
Total liabilities and equity/capital	7,559,754	7,038,846
Unsecured notes, net
Liabilities:
Unsecured debt, net	1,985,603	1,588,446
Unsecured term loans, net
Liabilities:
Unsecured debt, net	199,121	198,769
Unsecured revolving credit facility
Liabilities:
Unsecured debt, net	425,700	387,300
Owned Properties
Investments in real estate:
Investments in real estate, net	6,694,715	6,583,397
On-campus participating properties, net
Investments in real estate:
Investments in real estate, net	75,188	77,637
AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP
Investments in real estate:
Investments in real estate, net	6,769,903	6,661,034
Cash and cash equivalents	54,650	71,238
Restricted cash	26,698	35,279
Student contracts receivable, net	13,470	8,565
Operating lease right of use assets	460,857
Other assets	234,176	262,730
Total assets	7,559,754	7,038,846
Liabilities:
Secured mortgage, construction and bond debt, net	787,426	853,084
Accounts payable and accrued expenses	88,411	88,767
Operating lease liabilities	473,070
Other liabilities	157,368	191,233
Total liabilities	4,116,699	3,307,599
Commitments and contingencies (Note 15)
Redeemable noncontrolling interests	104,381	184,446
American Campus Communities, Inc. and Subsidiaries stockholders’ equity:
Accumulated other comprehensive loss	(16,946)	(4,397)
Partners’ capital:
General partner - 12,222 OP units outstanding at both December 31, 2019 and December 31, 2018	40	55
Limited partner - 137,392,530 and 137,024,667 OP units outstanding at December 31, 2019 and December 31, 2018, respectively	3,311,582	3,485,393
Accumulated other comprehensive loss	(16,946)	(4,397)
Total partners’ capital	3,294,676	3,481,051
Noncontrolling interests – partially owned properties	43,998	65,750
Total capital	3,338,674	3,546,801
Total liabilities and equity/capital	7,559,754	7,038,846
AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP | Unsecured notes, net
Liabilities:
Unsecured debt, net	1,985,603	1,588,446
AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP | Unsecured term loans, net
Liabilities:
Unsecured debt, net	199,121	198,769
AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP | Unsecured revolving credit facility
Liabilities:
Unsecured debt, net	425,700	387,300
AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP | Owned Properties
Investments in real estate:
Investments in real estate, net	6,694,715	6,583,397
AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP | On-campus participating properties, net
Investments in real estate:
Investments in real estate, net	$ 75,188	$ 77,637