Tag Archives: Copper Beech

CCG Schedules Q1 2013 Earnings Release and Call

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/

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

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

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Source: FULL ARTICLE at DailyFinance