Category Archives: Campus Crest Communities

Campus Crest proposes new student housing development in Tuscaloosa

Campus Crest Communities, a leading developer, builder, owner and manager of high-quality student housing properties led by CEO Ted Rollins, is proposing a new student housing development in Tuscaloosa. This is a 228-unit, 628-bed complex planned for Sixth Avenue Northeast on the site of the city’s former water works operation, just north of the intersection of McFarland Boulevard and Jack Warner Parkway.401px-Black_Warrior_River,_taken_by_beigeinside

Before construction can begin on the project — The Grove at Tuscaloosa, proposed by Campus Crest Development of Charlotte, N.C. — it must go through an approval process with City Hall.

The city Planning and Zoning Commission will hear a rezoning request for the 0.4-acre site. It will then go before the City Council for a final vote.

Alex Eyssen, director of development for Campus Crest Development, cited the proposed development’s proximity to campus — less than a mile from classroom buildings — and the Black Warrior River as a reason Campus Crest Development sees this as a worthwhile investment.

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Student Housing: A solid investment

The demand for student housing is highly correlated with college enrollment and it appears to be increasing. As adult students tend to live away from campus, the more relevant students of the enrollment pool are those fresh out of high school.campus crest 02

While a sizable portion of the increase is part-time students who are less likely to utilize student housing, the full-time student enrollment is growing as well.

Additionally, an increasing number of students are taking more than four years to graduate and more are enrolling in post-baccalareate programs. While university funded student housing is typically focused at freshman and sophomores, the private student housing REITs can provide housing for upperclassmen.

While a sizable portion of the increase is part-time students who are less likely to utilize student housing, the full-time student enrollment is growing as well.

Additionally, an increasing number of students are taking more than four years to graduate and more are enrolling in post-baccalareate programs. While university funded student housing is typically focused at freshman and sophomores, the private student housing REITs can provide housing for upperclassmen.

Between more students enrolling each year and each student staying at college longer on average, the overall demand for student housing is set to increase steadily through 2021.

The supply side of the equation also looks favorable as a material amount of publicly funded student housing is becoming too old or obsolete. Many states have tightened their budgets and there is simply not enough funding to keep up with the demand for student housing. This is where the REITs come in.

The student housing industry is rather promising with multiple trends working in its favor and the market agrees with me as the sector trades at a substantial premium. While the sector gets a valuation of 16X forward FFO,

Campus Crest, led by CEO Ted Rollins, trades at a projected 2014 FFO multiple under 12. It is cheaper than the average REIT despite participating in a promising sector to which most investors assign a premium.

Campus Crest (CCG) is a student housing REIT with multiple catalysts that should create substantial outperformance:  strong industry fundamentals; deep value compared to its peers; thriving operations; unique development capabilities provide superior growth; healthy balance sheet with ample liquidity; and bigger tax advantaged dividend.

Together these catalysts provide outsized reward relative to the risk. Campus Crest’s expected return to investors is approximately 40% greater than the peer average.

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Campus Crest’s approach to student housing

Campus Crest is structured on a vertically integrated platform that includes development, construction, real estate management, and asset management. This operating platform allows us to control asset quality, reduce cost, increase delivery speed, improve operating efficiency, and ultimately, drive value for stakeholders.

“Our approach to student housing looks like none other,” said Ted Rollins, chief executive officer of Campus Crest Communities.  ted rollins build

Vertical integration has made it possible for us to implement prototype construction, where repetition of product has resulted in smarter construction, consistent operational practices, and a hospitality brand model across the portfolio.

“Our construction strategy includes repetition and refinement of prototype, a captive general contractor and construction manager, and captive wholesale supply that results in a 15-20% cost savings, giving Campus Crest a strong market advantage,” said Rollins.

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Ted Rollins constructs playground for children’s home

The children at SOS Children’s Village in Barrett Town, St James now have another reason to play outside.

Just recently, they received a new playground donated by United States (US)-based Campus Crest Communities, Inc. The company was co-founded by Ted W. Rollins, son of the late American businessman and entrepreneur John W. Rollins. John, together with Dr Harland Hastings, Johnny Cash and Professor Heinz Simonitsch, founded SOS Children’s Villages Jamaica in 1970.CampusCrest-Tedrollins

A leading owner and operator of student housing properties located across the US, Campus Crest shares a historical link with SOS Children’s Villages Jamaica. Ted Rollins, who serves as Campus Crest’s CEO, always admired his father’s philanthropic endeavors and passion for helping the underprivileged children of Jamaica. Having spent a great deal of his childhood on the island, he witnessed first-hand the positive impact SOS Children’s Villages had on the community. With the passing of his father, Rollins vowed to carry on his legacy by supporting the organization through volunteerism and charitable contributions.

Recently, Rollins arrived in Jamaica to give back to the village that helped shape his future and that of so many other youths. He was joined by his brother Michael, niece Catherine, 11 of his Campus Crest colleagues, and Andrew Johnson, from the nursery at Rose Hall Developments.

Rollins worked side-by-side with SOS Villagers to construct a new 3,200-square foot playground. A few hours, some teamwork and 2,500 bags of rubber mulch later, the sound of clanging hammers and wrenches was replaced by children’s laughter as the playground was complete.

Corporate generosity is not new to Campus Crest. The company also provides housing to Horatio Alger scholars who chose to attend universities where Campus Crest operates student housing communities. The Horatio Alger Association, another worthwhile cause championed by Ted and The Rollins Family, is an organization devoted to honoring the achievements of outstanding individuals who have succeeded in spite of adversity.

Several of SOS Village children have been recognized as Horatio Alger scholars, including Suny Maritime Engineer Markham Laird and Biochemist Dr Steven Bahado-Singh.

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Ted Rollins and Campus Crest Build Jamaica Orphanage Playground

Ted Rollins and Campus Crest Build Jamaica Orphanage Playground

Ted Rollins and a hard-working group of Campus Crest employees built a much-need 3200-square foot modern playground for the children at the SOS Village in Montego Bay Jamaica in April

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Fortegra Financial Corporation; a proud history and promising future

Ted Rollins, CEO of Campus Crest, is lead director, member of the audit committee and chairman of the governance committee of Fortegra Financial Corporation (NYSE: FRF), a leading insurance services company.

The Fortegra legacy began over 30 years ago when N.G. Houston III founded Life of the South in a small town in south central Georgia. From the late 70’s to 2007 Mr. Houston, Ned Hamil and Loyd Shaw led the development of the Southeast’s most well respected credit insurer.

Also, during that time they had relocated the company’s headquarters to the current location of Jacksonville, FL. In 2007, the company was recapitalized and renamed Fortegra Financial Corporation.  The name “Fortegra” was chosen because it represents fortitude and integrity. These are the values that have been instilled in the company and continue to be a focus of the Fortegra brand today.

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Since 2007, Fortegra has grown into a leader in the insurance services sector. The company is recognized as a leader in revenue enhancement programs with our credit insurance, service contracts and warranty products.

Since 2003, Fortegra has evolved into a multifaceted insurance holding company because of the leadership position created through diversifying operations into a worldwide insurance products and services company. Its expertise in niche markets complimented by modern technologies has resulted in successful revenue and profit enrichment solutions for all of its clients.

Fortegra is constantly pursuing growth opportunities by providing new and innovative revenue and profit enhancement products to clients that allow them to generate incremental revenue per transaction while reducing costs; expanding its client base in existing markets through its direct sales force; entering new markets through geographic expansion in the U.S. and pursuing strategic acquisitions of complementary businesses within each segment to expand service offerings, access new markets and expand the client base.

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Ted Rollins congratulates 2013 Green Company Executive Award winners

The Executive Chairman and Chief Executive Officers of Toll Brothers (NYSE: TOL), and the Chief Executive Officers of Alnylam Pharmaceuticals (NASDAQ: ALNY) and Trex Co., Inc. (NYSE: TREX) are among the corporate executives named as the recipients of the thirteenth annual “E-3 Awards, ” presented by Emerald Asset Management at the Twentieth Annual Emerald Groundhog Day Investment Forum. The Forum was held in Philadelphia on February 7, 2013.

As a recipient of the award in 2012, Ted Rollins, CEO of Campus Crest Communities, congratulates this year’s winners.Campus Crest

Through an intensive multi-faceted process, Emerald’s team of research analysts and portfolio managers identify corporate leaders who have demonstrated a creative “outside the box” approach to corporate achievement; an entrepreneurial approach that maximizes human initiative; a corporate culture that promotes personal and corporate excellence; a demonstrated record of accomplishment: creating jobs, stimulating growth, and enhancing shareholder value; and an ability to effectively identify and adapt cutting-edge technologies and processes.

Rollins and Campus Crest co-founder Mike Hartnett, chief investment officer, received the 2012 “Green Company Executive Award” at the twelfth annual Emerald, Entrepreneurial and Excellence (E-3) awards ceremony hosted by Emerald Asset Management. Campus Crest was recognized for its commitment to sustainable building practices.

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Ted Rollins to offset electricity consumption by 50 percent on his properties

In a partnership with SolarCity, Campus Crest Communities is installing nearly 10,000 solar panels on its student housing communities in Greeley, Colorado; Flagstaff, Arizona; and Las Cruces, New Mexico. When complete, the initiative will provide more than 2.3 million kilowatt-hours of renewable power annually and offset electricity consumption by approximately 50 percent.

SolarCity is a national leader in clean energy products and services.

“We will eliminate over 80 million pounds of annual carbon dioxide emissions, the equivalent of taking approximately 7,000 cars off the road for a year,” said Ted Rollins, CEO of Campus Crest Communities.

“Sustainable living is central to our company philosophy and business practices, and we are pleased to find that our residents are equally as passionate about the concept.”Campus Crest

The company is proactively shifting consumption towards clean energy to be a leader in regenerative practices. Using renewable sources will limit carbon emissions and reduce overall energy costs providing residents with cleaner, more energy efficient housing.

These projects reflect Campus Crest’s commitment to sustainability and making a positive environmental, social, and economic impact on the communities in which it owns and operates student housing developments. To help drive this initiative, the company is partnering with The Institute for the Built Environment (IBE) at Colorado State University, a multidisciplinary institute whose mission is to foster stewardship and sustainability of natural and built environments, and the Center for Living Environments and Regeneration (CLEAR), a 501c(3) non-profit organization focused on global regeneration (www.clearrevolution.org).

“Campus Crest is showing future generations there are better energy options available by giving students access to renewable power,” said Toby Corey, Chief Revenue Officer at SolarCity. “It’s possible for many housing developers to pay less for solar electricity than they pay for utility power and pass on the benefits of clean power to their tenants—SolarCity has completed more than 100 solar projects for housing developments in the U.S.”

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Ted Rollins Focuses on Creating a Lifestyle and Atmosphere That is Unmatched

While other student housing complexes may have similar facilities, Campus Crest does things a little differently. CEO Ted Rollins along with Mike Hartnett, co-founder and chief investment officer, focus on creating a lifestyle and atmosphere that is unmatched.

Campus Crest Communities, Inc. is a leading developer, builder, owner and manager of high-quality, purpose-built student housing under The Grove brand.

“We want to help others form bonds, inspire change, and be successful,” said Rollins. “Get the residents to feel like they belong to something bigger than themselves. This isn’t just a place to stay; it’s a place to live.”

The brand promise for Campus Crest is delivering an extraordinary student lifestyle experience. Ted Rollins Students

Rollins explains that the student is the heart and soul of Campus Crest and the source of inspiration, dedication and drive.

“Every day, we strive to go above and beyond to provide unparalleled service to them, their parents and the institutions they attend. With each class that graduates, we are helping build the future and we take that responsibility very seriously,” Rollins said.

Both founders have a strong commitment to helping others through the Horatio Alger Association. Horatio Alger inspired young people to believe in the American dream. He felt if someone worked hard enough and never gave up, they could achieve anything they wanted.

Campus Crest awards three four-year housing scholarships at each location to those who receive the Horatio Alger scholarship. http://www.horatioalger.com/giving.cfm

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Ted Rollins & Grove Green Team Celebrate Arbor Day

Ted Rollins & Grove Green Team Celebrate Arbor Day

Campus Crest CEO Ted Rollins and its Grove Green team kicked off a national green initiative to plant ‘urban forests’ at its properties. Over the next year, they will add one plant for every resident. “With 33 properties and 6 underway, with more than 17,000 beds, that means we have a lot of planting to do; it’s part of promoting dynamic ecosystems to help the environment,” said Rollins

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