CHARLOTTE, N.C., Feb. 17, 2015 /PRNewswire/ -- Campus Crest
Communities, Inc. (NYSE: CCG) (the "Company" or "Campus Crest"), an
owner and manager of high-quality student housing properties, today
issued the following statement in response to a press release from
Clinton Group, Inc. ("Clinton") and Campus Evolution Villages, LLC
("Campus Evolution Villages" or "CEV"):
The Campus Crest Board of Directors and management team are
committed to acting in the best interests of all Campus Crest
shareholders. We maintain open, constructive communication with our
shareholders and value their input towards enhancing value.
To ensure that we are maximizing shareholder value, and as
previously announced, Campus Crest is conducting a comprehensive
and thorough analysis of all potential financial and strategic
alternatives. In fact, members of the Campus Crest Board and
management team have held discussions with representatives of both
Clinton and CEV and encourage them to participate in this ongoing
process.
We remain committed to driving value for shareholders and will
continue to execute upon our strategic repositioning while
proactively reviewing the highly qualified inquiries we are
receiving. We look forward to continuing our dialogue with
our shareholders as we execute on our plans in the exciting year
ahead.
Moelis & Company LLC is acting as financial advisor to the
Company and Kilpatrick Townsend
& Stockton LLP is acting as legal counsel.
About Campus Crest Communities, Inc.
Campus Crest Communities, Inc. is a leading owner and manager of
high-quality student housing properties located close to college
campuses in targeted markets. It has ownership interests in 86
student housing properties with over 46,000 beds across
North America. Additional
information can be found on the Company's website at
http://www.campuscrest.com.
Forward-Looking Statements
Forward-looking statements involve risks and uncertainties.
Actual future performance, outcomes and results may differ
materially from those expressed in forward-looking statements.
Please refer to the documents filed by Campus Crest Communities,
Inc. with the SEC, specifically the most recent reports on Forms
10-K and 10-Q, which identify important risk factors which could
cause actual results to differ from those contained in the
forward-looking statements.
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SOURCE Campus Crest Communities, Inc.