Tag Archives: Campus Crest Communities

Business, Finance, Occupation & Industry

CCG Schedules Q1 2013 Earnings Release and Call

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By Business Wirevia The Motley Fool

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CCG Schedules Q1 2013 Earnings Release and Call

CHARLOTTE, N.C.–(BUSINESS WIRE)– Campus Crest Communities, Inc. (the “Company”) (NYS: CCG) , today announced that the Company will release its first quarter 2013 financial results after the market close on Tuesday, April, 30, 2013. The Company will host a conference call on Wednesday, May 1, 2013, at 9:00 a.m. (EST) to discuss the financial results.

The call can be accessed live over the phone by dialing 877-407-0789, or for international callers, 201-689-8562. A replay will be available shortly after the call and can be accessed by dialing 877-870-5176, or for international callers, 858-384-5517. The pin number for the replay is 412521. The replay will be available until May 8, 2013.

Interested parties may also listen to a simultaneous webcast of the conference call by logging onto the Company’s website at http://investors.campuscrest.com/. A recording of the call will also be available on the Company’s website following the call.

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 U.S. markets. The Company is a self-managed, self-administered and vertically-integrated real estate investment trust which operates under a multi-brand strategy. Since inception in 2004, the Company has developed student housing under The Grove® brand, which focuses on customer service, privacy, on-site amenities and a proprietary residence life program that provide college students across the United States with a higher quality of living. The Company owns interests in 39 Grove® operating student housing properties containing approximately 20,884 beds, and plans to deliver six projects containing approximately 3,564 beds in the third quarter of 2013. Additionally, the Company is developing a 33-story Grove® student housing tower in Philadelphia, PA containing approximately 850 beds for delivery in the third quarter of 2014. In February 2013, the Company added an additional brand with the announcement of the phased acquisition of Copper Beech Townhome Communities, a vertically-integrated student housing operator with over 16,000 beds. The Copper Beech brand and townhome product targets students looking for front door-back porch living accommodations, and is a great compliment to the existing Grove® brand. The Company expects to complete its initial 48% interest investment in Copper Beech by the end of third quarter of 2013. Additional information on The Grove® and Copper Beech product can be found on the Company’s website at http://www.campuscrest.com.

From: http://www.dailyfinance.com/2013/04/11/ccg-schedules-q1-2013-earnings-release-and-call/

Business, Finance, Occupation & Industry

CCG Provides Update to Its Staged Acquisition of Copper Beech Townhome Communities

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By Business Wirevia The Motley Fool

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CCG Provides Update to Its Staged Acquisition of Copper Beech Townhome Communities

CHARLOTTE, N.C.–(BUSINESS WIRE)– Campus Crest Communities, Inc. (“CCG“) (NYS: CCG) today provided an update to its pending investment in Copper Beech Townhome Communities, LLC and affiliates (“Copper Beech“). CCG has closed on an initial investment in certain assets of Copper Beech for approximately $153.1 million, including the repayment of debt.

The Company expects to make the remaining investment in the second & third quarters of 2013 subject to certain closing conditions and requisite lender consents. Campus Crest will provide a further update on its first quarter of 2013 earnings call at the end of April.

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. CCG is a self-managed, self-administered and vertically-integrated real estate investment trust which operates all of its properties under The Grove® brand. CCG owns interests in 39 operating student housing properties containing approximately 20,884 beds. CCG plans to deliver six projects containing approximately 3,564 beds in the third quarter of 2013. Additionally, CCG is developing a 33-story student housing tower in Philadelphia, PA containing approximately 850 beds for delivery in the third quarter of 2014. Since its inception, CCG 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.

Campus Crest Communities, Inc.
Thomas Nielsen
Associate, Finance & Investor Relations
704-496-2571
Thomas.nielsen@campuscrest.com

KEYWORDS:   United States  North America  North Carolina

INDUSTRY KEYWORDS:

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Campus Crest Communities, Inc. Announces Exercise of Underwriters' Option and Subsequent Closing of

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By Business Wirevia The Motley Fool

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Campus Crest Communities, Inc. Announces Exercise of Underwriters’ Option and Subsequent Closing of Common Stock Offering

CHARLOTTE, N.C.–(BUSINESS WIRE)– Campus Crest Communities, Inc. (NYS: CCG) (“CCG“) today announced it closed its previously announced underwritten public offering of 25,530,000 shares of its common stock, including 3,330,000 shares issued and sold pursuant to the full exercise of the underwriters’ option to purchase additional shares. The shares were issued at a public offering price of $12.25 per share, for net proceeds of approximately $299.9 million, after deducting the underwriting discount and other net estimated offering costs.

CCG intends to use the net proceeds from this offering to fund the investment in the Copper Beech Townhome Communities‘ portfolio and related transactional costs. Any remaining net proceeds will be used for general corporate purposes, including the repayment of debt. Raymond James, Barclays, Citigroup, BofA Merrill Lynch and RBC Capital Markets served as joint book-running managers for the offering. Baird and MLV & Co served as co-managers for the offering.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction.

Copies of the preliminary prospectus supplement, final prospectus supplement and the related base prospectus may be obtained by contacting: (a) Raymond James, 880 Carillon Parkway, St. Petersburg, Florida 33716, or by calling toll-free at 1-800-248-8863, or emailing prospectus@raymondjames.com; or (b) Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling 1-888-603-5847 or emailing barclaysprospectus@broadridge.com; or (c) or the Internet site of the Securities and Exchange Commission at http://www.sec.gov.

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. CCG is a self-managed, self-administered and vertically-integrated real estate investment trust which operates all of its properties under The Grove® brand. CCG owns interests in 39 operating student housing properties containing approximately 20,884 beds. CCG plans to deliver six projects containing approximately 3,564 beds in the third quarter …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Campus Crest Communities Named Top Dividend Stock With Insider Buying and 5.29% Yield

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By DividendChannel.com In this series, we look through the most recent Dividend Channel ”DividendRank” report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider’s view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money ? maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is Campus Crest Communities, Inc. (NYSE: CCG), which saw buying by SVP and Corporate Controller Scott R. Rochon.
Source: FULL ARTICLE at Forbes Markets