Category Archives: Ted Rollins News

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 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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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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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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Campus Crest rings The Opening Bell® at NYSE

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On Friday, July 5th representatives from Campus Crest Communities (NYSE:CCG) and its operating partner, Copper Beech Townhome Communities, visited the NYSE and ring The Opening Bell®.

Campus Crest develops, builds, owns and operates student housing communities that make a positive impact on the world. It all began with a unique vision: to create a vertically-integrated platform that could develop the best student housing properties in the industry. The Company believed it could make a difference in college students’ lives by delivering a resident-focused, service-enriched experience they couldn’t find anywhere else.

Since 2004, 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.

Its portfolio consists of 84 communities in proximity to college campuses located throughout the U.S. With more than 44,000 beds, Campus Crest is the second largest public student housing platform. The Company continues to grow organically by delivering new properties each academic year.

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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 owns interests in 84 U.S. student housing properties

Campus Crest Communities, Inc. is a leading developer, builder, owner and manager of high-quality student housing properties located close to college campuses in targeted U.S. markets. It has ownership interests in 84 student housing properties and over 44,002 beds across the United States, of which 72 are operating and 12 are development or redevelopment properties.

The cccompany, led by CEO Ted Rollins, is an equity REIT that differentiates itself through its vertical integration and consistent branding across the portfolio through two unique brands targeting different segments of the college student population.

The Grove® brand offers more traditional apartment floor plans and focuses on customer service, privacy, on-site amenities and a proprietary residence life program. The Copper Beech brand and townhome product offers more residential-type living to students looking for a larger floor plan with a front door and back porch.

Additional information can be found on the Company’s website at http://www.campuscrest.com.

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