Campus Crest Communities, Inc. Announces Planned Filing of Registration Statement Relating to Campus Crest Communities Operating

  Campus Crest Communities, Inc. Announces Planned Filing of Registration
  Statement Relating to Campus Crest Communities Operating Partnership, LP's
  Outstanding 4.75% Exchangeable Senior Notes Due 2018

Business Wire

CHARLOTTE, N.C. -- October 28, 2013

Campus Crest Communities, Inc. (“CCG” or the “Company”) (NYSE: CCG), today
announced that it intends to file with the Securities and Exchange Commission,
on or before November 19, 2013, a registration statement on Form S-3 that will
cover resales of its common stock that may be issued from time to time upon
exchange of the 4.75% Exchangeable Senior Notes due 2018 (the “Notes”) issued
by Campus Crest Communities Operating Partnership, LP, its operating
partnership. The registration statement is anticipated to be immediately
effective upon filing.

Holders of Notes who wish to be named in the prospectus that forms part of the
registration statement in order to sell the common stock issuable to them upon
exchange of their Notes should complete a selling stockholder notice and
questionnaire contained in the offering memorandum for the Notes and return
it, no later than November 4, 2013, to: Campus Crest Communities, Inc., 2100
Rexford Road, Suite 414, Charlotte, North Carolina 28211, Attention:
Secretary.

This release is being issued in order to comply with the terms of the
indenture and registration rights agreement relating to the Notes. CCG will
not receive any of the proceeds from the resale of the common stock issuable
upon exchange of the Notes. This release shall not constitute an offer to sell
or the solicitation of an offer to buy any of CCG’s or Campus Crest
Communities Operating Partnership, LP’s securities, nor shall it constitute an
offer, solicitation or sale in any jurisdiction in which such offer,
solicitation or sale is unlawful.

About Campus Crest Communities, Inc.

Campus Crest Communities, Inc. is a leading developer, builder, owner and
manager of high-quality student housing properties located close to college
campuses in targeted markets. It has ownership interests in 80 student housing
properties and over ~43,000 beds across North America, of which 73 are
operating and 7 are development or redevelopment properties. The Company is an
equity REIT that differentiates itself through its vertical integration and
consistent branding across the portfolio through three unique brands targeting
different segments of the college student population. The Grove® brand offers
more traditional apartment floor plans and focuses on customer service,
privacy, on-site amenities and a proprietary residence life program. The
Copper Beech brand and townhome product offers more residential-type living to
students looking for a larger floor plan with a front door and back porch. The
evo brand provides urban students with a luxury student housing option with
all the conveniences of city living. Additional information can be found on
the Company's website at http://www.campuscrest.com.

Forward-Looking Statements

This press release, together with other statements and information publicly
disseminated by the Company, contains 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, as updated in the Company’s Quarterly Reports on Form 10-Q.

Contact:

Campus Crest Communities, Inc.
Erik Johnson, 704-496-2504
Vice President of Finance
erik.johnson@campuscrest.com
or
Thomas Nielsen, 704-496-2571
Associate, Finance & Investor Relations
thomas.nielsen@campuscrest.com
 
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