Category Archives: Campus Crest Communities

Podcast: Ted Rollins of Campus Crest Communities

Ted Rollins, CEO, co-chairman and co-founder of Campus Crest Communities, Inc. (NYSE: CCG), joins REIT.com’s Allen Kenney in the latest edition of the NAREIT Podcast to discuss some of the latest news from his company and the student housing sector.
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Campus Crest Collaborates with Habitat for Humanity’s ReStore

When Campus Crest acquired an existing property near the OSU campus in Stillwater, OK, the firm knew a major interior renovation would be required to bring the property in line with its existing portfolio.

This presented a new opportunity for collaboration with the local community and Campus Crest Communities, Stillwater Habitat for Humanity, Stillwater Public Schools, Oklahoma State University and North American Van Lines who collaborated to execute the largest donation to date for the Stillwater Habitat for Humanity’s ReStore.

Stillwater_river_habitatThe donation was valued at well over $100,000 in ReStore value and included Campus Crest donated household items from more than 135 apartments, including refrigerators, microwaves, dishwashers, washers, dryers, couches, coffee tables, dining room sets and other miscellaneous items.

“Reuse of existing furniture and appliances not only reduces demand of virgin material but also provides quality goods at an accessible price point for those who cannot afford to purchase new,” said Ted Rollins, co-founder and CEO of Campus Crest Communities.

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Campus Crest Initiative to Recycle Donated “Dead” Electronics

Electronics recycling is important to decrease contamination of our landfills, while also maximizing the reuse of non-renewable resources. Unfortunately, electronics recycling is generally not easy to do, and the importance is often unknown.

To increase awareness, The Grove properties and Campus Crest Corporate participated in the first annual Donate the Dead E-waste Drive, collecting 994 items, ranging from cellphones, receivers, remote controls, and computers. recycle electoronics

Once the competition was over, each property manager contacted their local recycling center to properly salvage these goods. This winner of this educational event was The Grove Moscow property, located in Moscow, Idaho.

“We seek to decrease toxic materials in landfills and maximize reuse/recycling of non-renewable resources,” said Ted Rollins, co-founder and CEO of Campus Crest Communities. “From a social perspective, we want to inform residents about the importance of electronics recycling and tangible ways to properly dispose of these items at the end of their useful life.”

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Developer to cover 62.5 percent of the cost of upgrading Union Township’s sewer system

In Michigan, work has begun on the first phase of a planned upgrade of Union Township’s sewer system to keep up with current and expected growth.

sewers improvedCampus Crest Communities of Charlotte, N.C., led by CEO Ted Rollins plans to build 216 units of high-end student housing off Isabella Road between Bluegrass and Broomfield roads.

Because the current pumping station serving that neighborhood doesn’t have enough capacity to handle this amount of waste, the developer has agreed to pick up about 62.5 percent of the cost of upgrading.

According to The Morning Sun of Central Michigan, Crews from Porath Contractors of Houghton Lake have begun work on adding a 4,000-foot-long, 12-inch sewer main along Deerfield Road.  

The $274,000 project will add substantial capacity to handle sewage flows from the apartment complexes along Deerfield Road just south of the Mt. Pleasant city limits, as well as from other residential development in the southwest part of the township.

Improvements at the township’s Lift Station No. 2 on Isabella Road are expected to start soon, as well. RCL Construction of Sanford was the low bidder at $183,700.

With more development expected in Union Township, plans are being made for an upgrade of another pumping station to handle further increases.

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Tuscaloosa City Council unanimous in approval of new student apartment complex

A new $30 million, 628-bed student housing complex by Campus Crest Communities gained unanimous approval from the Tuscaloosa City Council.

Led by CEO Ted Rollins, the firm develops, owns and manages student-housing communities throughout the U.S.

The City Council heard a rezoning request to convert 0.4 acres of the overall 15.86-acre site to riverfront development zoning, putting it in line with the remainder of the tract. A second item was a vote to approve the site development plans of The Grove at Tuscaloosa, which is a City Council requirement for any project in the riverfront development zone.

“It’s been a long time coming for us,” said Alex Eyssen, director of development for Campus Crest Development, the Charlotte, N.C.-based company behind the project. “We look forward to being a long-term member of the community.”Tuscaloosa

At this stage, the project still needs to obtain permits and have its plans finalized by the city’s Department of Planning and Development Services. The 228-unit complex is expected to be complete for the fall 2015 semester.

The proposed development plans to have a clubhouse, swimming pool, recreational areas and a parking deck. Units will be furnished, with full kitchens, washers and dryers and high-speed Internet access.

The developers also intend to construct a $1 million improvement to the interchange of Jack Warner Parkway and McFarland Boulevard to provide better access to their Sixth Avenue development.

The plans’ approval by the City Council paves the way for the construction, which will be alongside The Bluffs at Waterworks Landing, a 116-unit, 208-bed complex completed alongside the Black Warrior River in 2008.

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Campus Crest one of Charlotte’s top-performing public companies

Led by CEO Ted Rollins, Campus Crest reports a boost in Q2 with net income available to common shareholders of $2.8 million, or 4 cents per share, in the second quarter, swinging from a loss of $676,000, or 2 cents per share, a year earlier.

CharlotteCampus Crest is one of the Charlotte area’s top-performing public companies, according to Charlotte Business Journal research. The firm develops, owns and manages student-housing communities throughout the U.S. Revenue for the Charlotte-based student-housing developer totaled $38.9 million in the latest period, up from $35.4 million last year’s second quarter, according to its earnings release.

During the latest quarter, Campus Crest announced a deal with Beaumont Partners that will take the local developer into Canada for the first time. As previously reported, that venture involves buying a 33-story, 711-room hotel in Montreal and converting it into student housing.

Campus Crest has six projects under construction, with completion expected in time for the 2013-14 academic year.

For the year to date, Campus Crest has earned $3.8 million, or 7 cents per share, on revenue totaling $74.2 million. The company lost $2.3 million, or 7 cents per share, on revenue of $68.3 million in the first half of last year.

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Campus Crest launches upscale urban housing concept

As a new method of targeting mature undergrads and grad students, Campus Crest Communities, Inc. has introduced a new brand to strengthen its product offering and growing family of brands: evo™, an upscale urban student housing concept.

Campus Crest, led by Ted W. Rollins, co-Founder and CEO,  will develop dynamic, sophisticated student housing properties in urban settings, and will open its first two Evo properties in the Fall of 2014.

The Grove at Cira Centre South in Philadelphia will be renamed Evo at Cira Centre South. Evo at Cira Centre South will be the tallest student housing property in the country with 33 stories and 850 beds. Evo Montskyline-640x382real is the Company’s first entrance into the international market and will feature 1000+ beds, state of the art study lounges, fitness centers and well-appointed apartment suites.

“We are the pioneers of the hospitality brand model in the student housing industry, and the evo brand is a natural complement to our existing portfolio. The brand solidifies our commitment to evolve student living in urban markets by providing an unmatched living experience with state-of-the-art amenities and conveniences,” said Rollins.

Evo will be joining Campus Crest’s brand portfolio that consists of The Grove and Copper Beech.

The Grove is Campus Crest’s garden-style brand of lifestyle-driven student housing communities, located across the U.S. The Grove communities embrace a flat rate concept with an active residence life that has proven to be very attractive to college students and parents.

Copper Beech is the Company’s townhome community brand, focused on delivering value to upper classman and graduate students looking for a more residential feel and freedom in their college experience. Each Copper Beech community typically features the largest units in the market with one, two, three, and four bedroom townhomes.

The Company’s vertically integrated platform, solid operating strategy, and exceptional talent base will continue to propel all three brands forward.

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Ted Rollins Discusses Campus Crest on Bloomberg TV

Ted Rollins discusses the company’s student housing communities and expansion plans with Carol Massar on Bloomberg Television’s “Taking Stock.”

View the Bloomberg Interview

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Campus Crest Communities Named Top Dividend Stock

“Campus Crest Communities, Inc. shares are currently trading +1.02% on the day. The DividendRank report noted that among the coverage universe, CCG shares displayed both attractive valuation metrics and strong profitability metrics. The report also cited the strong quarterly dividend history at Campus Crest Communities, Inc., and favorable long-term multi-year growth rates in key fundamental data points.

Looking at the chart above, CCG’s low point in its 52 week range is $10.41 per share, with $14.36 as the 52 week high point — that compares with a last trade of $11.93.”

View the entire article here!

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Campus Crests pioneers a brand-driven hospitality model

Campus Crest, led by CEO Ted Rollins, has risen to the top of the student housing industry because of its value-driven, vertically integrated platform and hospitality brand approach. Currently, Campus Crest’s student housing properties operate under two brands, The Grove® and Copper Beech.

campus crest 03“Campus Crest is not just another hodge-podge of assets paying a dividend,” said Rollins. “We are a big ideas company, pioneering a brand-driven hospitality model. Our commitment to this vision has enabled us to rocket to the number two position in the student housing industry.”

The company has built a family of brands, The Grove and Copper Beech, providing a differentiated product offering in the same market and expands each brand to different markets based on demand.

“Our rapid growth rate stems from a unique market strategy that places communities near primarily non-flagship schools with high demand for student housing,” said Rollins.

Some markets are suited for both a Grove and Copper Beech property, while other markets are a better fit for one of the brands. Both brands leverage consistent messaging, marketing materials, and assets.

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