Campus Crest Communities Prices 22.2M Share Offering at $12.25/Share

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