CCG Updates 2014/2015 Pre-leasing Before Interface Conference
April 09 2014 - 4:14PM
Business Wire
Campus Crest Communities, Inc. (NYSE:CCG) announces that it will
be attending the 6th Annual InterFace Student Housing Conference in
Austin, TX April 9th – 11th. Ted W. Rollins, Chairman of the Board
and Chief Executive Officer, will be a participant on The Power
Panel on Thursday, April 10th from 8:30 – 9:45 a.m. CST.
Also, in conjunction with the Interface Conference, 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 April 7, 2014 and 2013:
2014/2015 Academic Year Leasing
Summary
2014-2015 2013-2014
Expected Property Properties
Units Beds
Signed(4)
%
Signed(4) %
Change Rate Change
Operating(1) Wholly-Owned(2) 32 6,400
17,476 10,741 61.5% 9,861 56.4% 5.1% n/a
HSRE Joint venture
9 1,870 5,148 2,475 48.1%
2,138 41.5% 6.6%
n/a
Total Operating 41 8,270 22,624
13,216 58.4% 11,999 53.0% 5.4%
1.0% - 2.0% Copper Beech Portfolio 28
5,047 13,177 9,518 72.2% 10,368
78.7% (6.5%) 0.0% - 1.0%
Total Operating Portfolio 69
13,317 35,801
22,734 63.5% 22,367
62.5% 1.0%
n/a
Total 2014
Deliveries(3) 10 3,128
7,455 1,828 24.5%
n/a n/a n/a
n/a
(1) Includes 2013 deliveries
(2) Includes The Grove at Denton, which
the company acquired an 80% interest in from HSRE in January
2014;excludes the redevelopment at Toledo
(3) Includes both wholly-owned and joint
venture 2014 deliveries
(4) As of 4/7/2014 and 4/7/2013
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 80 student housing properties and over ~43,000 beds
across North America, of which 70 are operating and 10 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/.
Campus Crest Communities, Inc.Thomas Nielsen,
704-496-2571Investor.Relations@CampusCrest.com
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