CCG Hosts Investor Day and Provides Leasing Update
December 11 2013 - 7:29AM
Business Wire
Campus Crest Communities, Inc. (NYSE: CCG) will host its 2013
Investor Day today (Wednesday, December 11th) at the Sheraton New
York Times Square Hotel from 10:00am - 1:00pm EST. A live webcast
as well as a recording of the webcast will be available by
accessing the Company's website at http://www.campuscrest.com/.
Additionally, the Company’s presentation materials will be posted
concurrently to the Company’s website.
In conjunction with the event, the Company is providing an
update on its portfolio leasing status for the 2014/2015 academic
year. The following table contains the leasing status as of
December 8, 2013 and 2012:
2014-2015 2013-2014
Property Properties
Unit Beds
Signed (4)
%
Signed (4)
%
Change
Operating (1) Wholly-Owned 35 6,952 18,908 4,788
25.3% 4,268 22.6% 2.7% HSRE Joint Venture
10 2,086 5,732
1,114
19.4%
736 12.8%
6.6%
Total
Operating 45 9,038 24,640 5,902
24.0% 5,004 20.3% 3.7% Copper
Beech Portfolio (2) 28 5,047 13,177
5,459 41.4% 5,220 39.6% 1.8%
Total Operating Portfolio
73 14,085
37,817
11,361
30.0%
10,224 27.0%
3.0%
Total 2014 Deliveries
(3) 8
2,382 5,801
630
10.9%
NA NA
NA
(1) Includes 2013 deliveries (2) Includes signed leases and
leases in-process for both periods (3) Includes both wholly-owned
and joint venture 2014 deliveries; excludes the redevelopment at
Toledo (4) As of 12/08/2012 and 12/08/2013
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.
Campus Crest Communities, Inc.Investor RelationsThomas Nielsen,
704-496-2571
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