December 18, 2014 1:04 AM ET

Real Estate Investment Trusts (REITs)

Company Overview of Campus Crest Communities, Inc.

Company Overview

Campus Crest Communities, Inc., a real estate investment trust (REIT), engages in the ownership, development, building, and management of student housing properties under the Grove brand name in the United States. The company rents student housing properties; offers student housing services; and provides construction, development, and management services. As of July 06, 2012, it owned interests in 33 student housing properties containing approximately 6,324 apartment units and 17,064 beds. The company has elected to be treated as a REIT under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal income taxes, provided it distributes at least 90% of its taxable inco...

2100 Rexford Road

Suite 414

Charlotte, NC 28211

United States

Founded in 2004

522 Employees

Phone:

704-496-2500

Fax:

704-496-2599

Key Executives for Campus Crest Communities, Inc.

Advisor
Age: 45
Total Annual Compensation: $320.0K
Compensation as of Fiscal Year 2013.

Campus Crest Communities, Inc. Key Developments

Campus Crest To Sell Undeveloped Parcels

Campus Crest Communities, Inc. (NYSE:CCG) is looking to sell 9 undeveloped parcels, according to the company's news release. Campus Crest will accept written offers by February 13, 2015.

Campus Crest Communities, Inc. Presents at REITWorld 2014 - NAREIT's Annual Convention, Nov-05-2014

Campus Crest Communities, Inc. Presents at REITWorld 2014 - NAREIT's Annual Convention, Nov-05-2014 . Venue: Atlanta Marriott Marquis, Atlanta, Georgia, United States.

Campus Crest Communities, Inc. Announces Earnings Results for the Third Quarter of 2014

Campus Crest Communities, Inc. announced earnings results for the third quarter of 2014. Total Revenue was $28.3 million versus last year of $23.3 million. Total NOI was $15.7 million versus $13.1 million or $2.6 million change. Operating loss was $117 million, as a result of the charges that were taken in the quarter, versus $6.3 million for the same period last year. Net income -- net loss attributable to common shareholders was $130 million for the quarter ended versus $3.7 million for the same period last year. Net loss per share was $2.01 for the quarter versus $0.06 last year. FFOA for the quarter was $118.9 million of a loss versus $14.1 million last year. FFO diluted per share was $1.84 of a loss per share versus $0.22 last year. FFOA, on a diluted basis, was $0.15 for this quarter versus $0.20 last year.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 26, 2014
The Grove at Denton
Merger/Acquisition
January 22, 2014
22-story, 488 Rooms, Holiday Inn Midtown in Montréal, Québec
Merger/Acquisition
January 13, 2014
Four Student Housing Properties
 

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