CHARLOTTE – Campus Crest in 2004 didn’t own and hadn’t built a single residential bed.
Nine years later, the Charlotte-based student housing developer is approaching 50,000 beds in 87 student-specific apartment communities, spread across 25 states. The company is also working on its first international community, which will be delivered next year in Montreal.
Ted Rollins, CEO of Campus Crest, said it all comes down to the quality of the people he has working for him. “We, from the start, wanted to attract the best folks, so we have been fortunate over the last nine years to have some of the best talent in the industry.”
But the steep rise of Campus Crest comes down to more than just its employees. Any developer could have attracted the talent. The real story behind the rapid growth is cost efficiency.
Campus Crest uses a business model known by different names: design/build, construction management, vertical integration. It all means the same thing – that the company is responsible for all aspects of its projects.
CCG Announces Staged Acquisition of Copper Beech Townhome Communities; Initial Investment of $262 Million in Entity with a Total Enterprise Value of $970 Million
– CCG will launch an equity follow-on offering to fund acquisition –– Initial stage purchases a 48% ownership in 5th largest U.S. student housing company(1) –– Creates 2nd largest public student housing platform in United States by beds, with ownership interests in 81 properties with nearly 42,000 beds in 57 unique markets(2) –
– Complementary and scalable townhouse product and brand –
CHARLOTTE, N.C. (June 1, 2012) – Campus Crest Communities, Inc. (NYSE: CCG), a leading developer, builder, owner and manager of high-quality, purpose-built student housing under The Grove?brand, today announced that through its company-wide and property-wide blood drive, it partnered with the American Red Cross, the largest single supplier of blood and blood products in the United States, and other non-profit, community blood centers where it owns and operates student housing properties to donate a total of 574 units of blood.
Company’s co-founders receive the 2012 “Green Company Executive Award”
CHARLOTTE, N.C. (February 13, 2012) – Campus Crest Communities, Inc. (NYSE:CCG), a leading developer, builder, owner and manager of high-quality, purpose-built student housing under The Grove brand, today announced that its co-founders Ted Rollins, chief executive officer, and Mike Hartnett, chief investment officer, received the 2012 “Green Company Executive Award” at the twelfth annual E-3 (Emerald, Entrepreneurial and Excellence) awards ceremony hosted by Emerald Asset Management.