Campus Crest Communities CCG today announced it has
priced its previously announced underwritten public offering of
22,200,000 shares of its common stock at a public offering price of
$12.25 per share, for net proceeds of approximately $260.8 million,
after deducting the underwriting discount and other net estimated
offering costs. CCG also granted the underwriters of the offering a
30-day option to purchase up to an additional 3,330,000 shares of common
stock. The offering is expected to close on or about March 6, 2013,
subject to customary closing conditions.
CCG intends to use the net proceeds from this offering to fund the
investment in the Copper Beech Townhome Communities' portfolio and
related transactional
See full press release
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