CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Investments in real estate:
Investments in real estate, net	$ 6,710,573	$ 6,769,903
Cash and cash equivalents	176,758	54,650
Restricted cash	32,130	26,698
Student contracts receivable, net	12,287	13,470
Operating lease right of use assets	459,957	460,857
Other assets	228,051	234,176
Total assets	7,619,756	7,559,754
Liabilities:
Secured mortgage, construction and bond debt, net	749,902	787,426
Accounts payable and accrued expenses	53,086	88,411
Operating lease liabilities	477,779	473,070
Other liabilities	178,702	157,368
Total liabilities	4,249,850	4,116,699
Commitments and contingencies (Note 12)
Redeemable noncontrolling interests	17,768	104,381
American Campus Communities, Inc. and Subsidiaries stockholders’ equity:
Common stock, $0.01 par value, 800,000,000 shares authorized, 137,523,031 and 137,326,824 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively	1,375	1,373
Additional paid in capital	4,467,906	4,458,456
Common stock held in rabbi trust, 81,416 and 77,928 shares at March 31, 2020 and December 31, 2019, respectively	(3,615)	(3,486)
Accumulated earnings and dividends	(1,129,108)	(1,144,721)
Accumulated other comprehensive loss	(26,747)	(16,946)
Total American Campus Communities, Inc. and Subsidiaries stockholders’ equity	3,309,811	3,294,676
Noncontrolling interests - partially owned properties	42,327	43,998
Total equity	3,352,138	3,338,674
Partners’ capital:
Accumulated other comprehensive loss	(26,747)	(16,946)
Total liabilities and equity / capital	7,619,756	7,559,754
Owned properties
Investments in real estate:
Investments in real estate, net	6,636,857	6,694,715
On-campus participating properties, net
Investments in real estate:
Investments in real estate, net	73,716	75,188
AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP
Investments in real estate:
Investments in real estate, net	6,710,573	6,769,903
Cash and cash equivalents	176,758	54,650
Restricted cash	32,130	26,698
Student contracts receivable, net	12,287	13,470
Operating lease right of use assets	459,957	460,857
Other assets	228,051	234,176
Total assets	7,619,756	7,559,754
Liabilities:
Secured mortgage, construction and bond debt, net	749,902	787,426
Accounts payable and accrued expenses	53,086	88,411
Operating lease liabilities	477,779	473,070
Other liabilities	178,702	157,368
Total liabilities	4,249,850	4,116,699
Commitments and contingencies (Note 12)
Redeemable noncontrolling interests	17,768	104,381
American Campus Communities, Inc. and Subsidiaries stockholders’ equity:
Accumulated other comprehensive loss	(26,747)	(16,946)
Partners’ capital:
General partner - 12,222 OP units outstanding at both March 31, 2020 and December 31, 2019	41	40
Limited partner - 137,592,225 and 137,392,530 OP units outstanding at March 31, 2020 and December 31, 2019, respectively	3,336,517	3,311,582
Accumulated other comprehensive loss	(26,747)	(16,946)
Total partners’ capital	3,309,811	3,294,676
Noncontrolling interests - partially owned properties	42,327	43,998
Total capital	3,352,138	3,338,674
Total liabilities and equity / capital	7,619,756	7,559,754
AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP | Owned properties
Investments in real estate:
Investments in real estate, net	6,636,857	6,694,715
AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP | On-campus participating properties, net
Investments in real estate:
Investments in real estate, net	73,716	75,188
Unsecured notes, net
Liabilities:
Unsecured debt	1,981,472	1,985,603
Unsecured notes, net | AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP
Liabilities:
Unsecured debt	1,981,472	1,985,603
Unsecured term loans, net
Liabilities:
Unsecured debt	199,209	199,121
Unsecured term loans, net | AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP
Liabilities:
Unsecured debt	199,209	199,121
Unsecured revolving credit facility
Liabilities:
Unsecured debt	609,700	425,700
Unsecured revolving credit facility | AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP
Liabilities:
Unsecured debt	$ 609,700	$ 425,700