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Last $5.60 USD
Change Today -0.06 / -1.06%
Volume 546.7K
CCG On Other Exchanges
New York
As of 8:04 PM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

campus crest communities inc (CCG) Snapshot

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Day High
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52 Week High
07/24/14 - $9.19
52 Week Low
06/1/15 - $5.54
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

campus crest communities inc (CCG) Related Businessweek News

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campus crest communities inc (CCG) Details

Campus Crest Communities, Inc., a real estate investment trust (REIT), engages in the ownership, development, building, and management of student housing properties under the Grove brand name in the United States. The company rents student housing properties; offers student housing services; and provides construction, development, and management services. As of July 06, 2012, it owned interests in 33 student housing properties containing approximately 6,324 apartment units and 17,064 beds. The company has elected to be treated as a REIT under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal income taxes, provided it distributes at least 90% of its taxable income to its shareholders. Campus Crest Communities, Inc. was founded in 2004 and is based in Charlotte, North Carolina.

632 Employees
Last Reported Date: 04/1/15
Founded in 2004

campus crest communities inc (CCG) Top Compensated Officers

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Executives, Board Directors

campus crest communities inc (CCG) Key Developments

Campus Crest Communities Receives Non-Compliance Notice From NYSE

On May 20, 2015, Campus Crest Communities, Inc. announced that it is unable to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2015 primarily due to the complexity of consolidating the Copper Beech entities that were acquired during the first quarter. Additionally, the extensive effort required to complete the Company’s Form 10-K for the year ended December 31, 2014 disrupted the normal timing for closing the books for the quarter ended March 31, 2015. The Company previously disclosed in its Form 12b-25 filed with the Securities and Exchange Commission (the “SEC”) on May 12, 2015 that it is unable to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2015. The New York Stock Exchange (the "NYSE") provided formal notification to the Company on May 19, 2015 that it is not currently in compliance with the NYSE's continued listing requirements under the timely filing criteria set forth in Section 802.01E of the NYSE Listed Company Manual. Such notices are routinely issued by the NYSE in situations when there are late filings with the SEC. Under NYSE rules, the Company has six months from May 18, 2015, subject to ongoing evaluation, to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2015. Until the Company files it Quarterly Report, the Company expects that its common stock, which is listed on the NYSE under the symbol "CCG," will be assigned an "LF" indicator to signify late filing status. The Company can regain compliance with the NYSE listing standards at any time during this six-month period once it files its Quarterly Report on Form 10-Q for the quarter ended March 31, 2015 with the SEC. If the Company fails to file its quarterly report within such six-month period, the NYSE may, in its sole discretion, allow the Company’s common stock to trade for up to an additional six months depending on specific circumstances as outlined in the rule. It is expected that the Company would need to submit an official request to the NYSE for the NYSE’s consideration at the appropriate time. While the Company is working diligently to complete the Quarterly Report on Form 10-Q for the quarter ended March 31, 2015 and currently expects to complete and file the Quarterly Report on Form 10-Q for the quarter ended March 31, 2015 within six months of its due date, no assurance can be given that the Quarterly Report on Form 10-Q for the quarter ended March 31, 2015 will be filed within such period, or that the NYSE would allow the Company’s securities to trade for up to an additional six months.

Campus Crest Communities, Inc. announced delayed 10-Q filing

On 05/12/2015, Campus Crest Communities, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Campus Crest Communities, Inc. Announces Management Changes

Campus Crest Communities, Inc. announced that it has entered into an agreement with the Clinton Group, Inc. and its affiliated funds (Clinton) in connection with the company's 2015 annual meeting of shareholders. Under the terms of the agreement, Campus Crest has appointed Raymond C. Mikulich and Randall H. Brown, previously nominated by Clinton, to the company's board of directors and has also appointed Curtis B. McWilliams to the board. With the appointment of Messrs. McWilliams, Mikulich and Brown, the Campus Crest board of directors will expand to 8 directors, all of whom are independent. Additionally, as part of the settlement agreement with Clinton, the board announced that it has changed the composition of the existing three person Transaction Committee which has been overseeing the ongoing strategic alternatives process. The Transaction Committee will be comprised of Curtis McWilliams, Raymond Mikulich and Richard Kahlbaugh and will be chaired by Mr. McWilliams. Mr. McWilliams currently serves as a member of the Ashford Hospitality Prime, Inc., Board of Directors and retired from his position as President and Chief Executive Officer of CNL Real Estate Advisors, Inc. in 2010 after serving in such role since 2007. Raymond Mikulich currently serves as the Chairman of Altus Group Limited. He is also Managing Partner and Chief Investment Officer of Ridgeline Capital Group and the Chief Executive Officer of HomeLPC, LLC. Brown was a co-founding officer of Education Realty Trust States. He served as Executive VP, Chief Financial Officer and treasurer from January 2005 to June 2014.


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