Campus Crest Communities, Inc. Announces Tax Reporting Information for 2012 Dividends

  Campus Crest Communities, Inc. Announces Tax Reporting Information for 2012
  Dividends

Business Wire

CHARLOTTE, N.C. -- January 24, 2013

Campus Crest Communities, Inc. (NYSE: CCG), a leading developer, builder,
owner and manager of high-quality, residence life focused student housing
properties operated under The Grove® brand, today announced the tax reporting
information (Federal 1099) for the Company’s 2012 distributions to
shareholders. The 2012 distribution characteristics are as follows:

Common Stock – CUSIP Number 13466Y105:

                                              Ordinary
Record     Payment           Cash             Taxable        Qualified      Return of
                           Distribution                Dividend     Capital
Date       Date                               Dividend
                             Per Share                       (Box 1b)       (Box 3)
                                              (Box 1a)
12/28/2011 1/11/2012         $0.1600000     $0.0045104   $0.0003568   $0.1551328
3/28/2012  4/11/2012         $0.1600000       $0.0045104     $0.0003568     $0.1551328
6/27/2012  7/11/2012         $0.1600000       $0.0045104     $0.0003568     $0.1551328
9/26/2012  10/10/2012        $0.1600000     $0.0045104   $0.0003568   $0.1551328
                                                                            
           Totals:           $0.6400000       $0.0180416     $0.0014272     $0.6205312
           Percentages:      100.000%         2.819%         0.223%         96.958%
                                                                            

Series A Preferred Stock – CUSIP Number 13466Y204:

                                            Ordinary
Record    Payment          Cash             Taxable        Qualified      Return of
                         Distribution                Dividend     Capital
Date      Date                              Dividend
                           Per Share                       (Box 1b)       (Box 3)
                                            (Box 1a)
3/28/2012 4/16/2012        $0.3722000     $0.3449661   $0.0272339   $0.0000000
6/27/2012 7/16/2012        $0.5000000       $0.4634150     $0.0365850     $0.0000000
9/26/2012 10/15/2012       $0.5000000     $0.4634150   $0.0365850   $0.0000000
                                                                          
          Totals:          $1.3722000       $1.2717961     $0.1004039     $0.0000000
          Percentages:     100.000%         92.683%        7.317%         0.000%

The Company did not incur any foreign taxes. This information represents final
income allocations.

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 with an expected delivery during 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
http://www.campuscrest.com.

Forward-Looking Statements

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.

Contact:

Campus Crest Communities, Inc.
Investor Relations
Thomas Nielsen, 704-496-2571
Investor.Relations@CampusCrest.com
 
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