CCG to Host Investor Day and Provides Leasing Update
CHARLOTTE, N.C. -- December 17, 2012
Campus Crest Communities, Inc. (NYSE:CCG) announced that as part of its
ongoing "meet the street" campaign to increase investor transparency and
interaction, it is hosting an Investor Day this morning at the New York Stock
Exchange, during which the Company will give a presentation. The Company’s
presentation materials will be posted concurrently to the Company’s website at
http://www.campuscrest.com. In addition, a video recording of the Company’s
presentation, when available, will also be posted to the Company’s website.
Also, in conjunction with its Investor Day, the Company is providing an update
on its portfolio leasing status for the 2013/2014 academic year.
The following table contains the leasing status as of December 12, 2012 and
Properties Units Beds Signed % Signed %
Wholly-Owned 32 6,248 16,936 4,475 26.4% 3,881 22.9%
Joint 7 1,422 3,948 601 15.2% 367 9.3%
Total 39 7,670 20,884 5,076 24.3% 4,248 20.3%
Wholly-Owned 3 650 1,780 259 14.6% n/a n/a
Joint 3 664 1,784 239 13.4% n/a n/a
Total 2013 6 1,314 3,564 498 14.0% n/a n/a
Total 45 8,984 24,448 5,574 22.8% 4,248 20.3%
About Campus Crest Communities, Inc.
Campus Crest Communities, Inc. is a leading developer, builder, owner and
manager of high-quality, residence life focused student housing properties
located close to college campuses in targeted U.S. markets. The Company is a
self-managed, self-administered and vertically-integrated real estate
investment trust which operates all of its properties under The Grove® brand.
The Company owns interests in 39 operating student housing properties
containing approximately 7,670 apartment units and 20,884 beds. The Company
has commenced construction of six projects containing approximately 1,314
units and 3,564 beds for delivery in the third quarter of 2013. Since its
inception, the Company has focused on customer service, privacy, on-site
amenities and its proprietary residence life programs to provide college
students across the United States with a higher quality of living. Additional
information can be found on the Company's website at
This press release and other statements and information publicly disseminated
by the Company contain certain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. The Company intends such
forward-looking statements to be covered by the safe harbor provisions for
forward-looking statements contained in the Private Securities Litigation
Reform Act of 1995 and includes this statement for purposes of complying with
these safe harbor provisions. Forward-looking statements relate to
expectations, beliefs, projections, future plans and strategies, anticipated
events or trends and similar expressions concerning matters that are not
historical facts. In some cases, you can identify forward-looking statements
by the use of forward-looking terminology such as "may," "will," "should,"
"expects," "intends," "plans," "anticipates," "believes," "estimates,"
"predicts" or "potential" or the negative of these words and phrases or
similar words or phrases which are predictions of or indicate future events or
trends and which do not relate solely to historical matters. You should not
rely on forward-looking statements since they involve known and unknown risks,
uncertainties, assumptions and contingencies, many of which are beyond the
Company's control that may cause actual results to differ significantly from
those expressed in any forward-looking statement. All forward-looking
statements reflect the Company's good faith beliefs, assumptions and
expectations, but they are not guarantees of future performance. Furthermore,
except as otherwise required by federal securities laws, the Company disclaims
any obligation to publicly update or revise any forward-looking statement to
reflect changes in underlying assumptions or factors, new information, data or
methods, future events or other changes. For a further discussion of these and
other factors that could cause the Company's future results to differ
materially from any forward-looking statements, see the risk factors discussed
in the Company's most recent Annual Report on Form 10-K.
Campus Crest Communities, Inc.
Thomas Nielsen, 704-496-2571
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