Campus Crest Communities, Inc. - FORM 8-K - EX-99.1 - June 7, 2011

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Exhibit 99.1
Campus Crest Communities, Inc. (NYSE:CCG), a leading developer, builder, owner and manager of high-quality, purpose-built student housing, today provided an update on its portfolio leasing status for the 2011/2012 academic year. The following table contains the leasing status as of June 6, 2011.
CAMPUS CREST COMMUNITIES
PORTFOLIO LEASING STATUS FOR 2011/2012 ACADEMIC YEAR
(as of June 6)
                                                                 
                    2011-2012 Leases     2010-2011 Leases     Fall 2010     Current  
Property   Units     Beds     Signed1     %     Signed1     %     Occupancy2     Occupancy3  
  | | | | | | | |
Wholly-Owned
     3,920       10,528       7,447       70.7 %     6,139       58.3 %     88.5 %     88.6 %
 
                                                                
Joint Venture Properties
     1,128       3,052       2,185       71.6 %     2,100       68.8 %     89.1 %     90.8 %
                         
Sub Total — All Operating Properties
     5,048       13,580       9,632       70.9 %     8,239       60.7 %     88.6 %     89.1 %
 
                                                                
New Developments (2011 Deliveries)
     1,276       3,484       1,855       53.2 %     n/a       n/a       n/a       n/a  
 
 
                                                                
Total Portfolio
     6,324       17,064       11,487       67.3 %     8,239       60.7 %     88.6 %     89.1 %
 
1   As of June 6, 2011 and 2010
 
2   As of September 30, 2010
 
3   As of June 6, 2011

 

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