Attorney Advertising. Notice is hereby given that Stull, Stull & Brody has commenced an investigation on behalf of shareholders of American Community Properties Trust (“ACPT” or the “Company”) (NYSE Amex: APO) for possible breaches of fiduciary duty and other violations of state law in connection with an agreement by the Company’s Board of Directors to sell all of the Company’s outstanding shares of common stock at a price of $7.75 per share in cash to FCP Fund I, L.P. (“FCP”), a Delaware limited partnership controlled by real estate investment company Federal Capital Partners.

If you own common stock of ACPT and wish to obtain additional information about this matter, please contact Stull, Stull & Brody at the toll-free number listed below. Stull, Stull & Brody has litigated many class actions for violations of securities laws and breaches of fiduciary duties on behalf of defrauded investors over the past 40 years and has obtained court approval of substantial settlements on numerous occasions.

The current investigation concerns the price to be paid by FCP to ACPT shareholders and the process by which ACPT’s Board of Directors is addressing the transaction. Shortly prior to the September 25, 2009 announcement of the merger agreement, ACPT common stock traded at prices as high as $9.00 per share. The focus of the current investigation is on whether the ACPT Board of Directors breached its fiduciary duties to ACPT’s shareholders by agreeing to sell the Company at an unfair price.

If you wish to discuss this matter or have any questions concerning this notice or your rights or interests with respect to this matter, please contact Aaron Brody, Esq. at Stull, Stull & Brody by calling 1-800-337-4983 or 1-212-687-7230, or by email to ssbny@aol.com or by writing to Stull, Stull & Brody, 6 East 45^th Street, New York, NY 10017.

Attorney advertising. Prior results do not guarantee a similar outcome.