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

  Campus Crest Communities, Inc. Announces 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. -- November 19, 2013

Campus Crest Communities, Inc.(“CCG” or the “Company”) (NYSE: CCG), today
announced that it has filed with theSecurities and Exchange Commissiona
registration statement on Form S-3 covering 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 byCampus Crest Communities Operating
Partnership, LP, its operating partnership. The registration statement is
technically subject to review by the Securities and Exchange Commission and
the Company is awaiting a determination regarding whether the Securities and
Exchange Commission will undertake such a review.

This release is being issued in order to comply with the terms of the
indenture and registration rights agreement relating to the Notes.CCGwill
not receive any of the proceeds from the resale of the common stock issuable
upon exchange of the Notes.

The registration statement has been filed with the Securities and Exchange
Commission, but is not yet effective. The securities registered under the
registration statement may not be sold, nor may offers to buy be accepted,
prior to the time the registration statement becomes effective. This release
shall not constitute an offer to sell or the solicitation of an offer to buy
any of CCG’s orCampus 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. Pro forma for the Copper Beech restructure, the
Company has ownership interests in 82 student housing properties and over
~44,000 beds across North America, of which 74 are operating and 8 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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