Notes:  As previously announced, on October 16, 2015, Campus Crest Communities, Inc., HSRE Quad Merger Parent, LLC, a Delaware limited liability company (Parent), HSRE Quad Merger Sub, LLC, a Maryland limited liability company and wholly owned subsidiary of Parent (Merger Sub), and CCGSR, Inc., a Delaware corporation, entered into an Agreement and Plan of Merger. Parent is an affiliate of Harrison Street Real Estate Capital, LLC. On March 2, 2015, in accordance with the terms of the Merger Agreement, the Company was merged with and into Merger Sub, with Merger Sub surviving as a wholly owned subsidiary of Parent. Pursuant to the terms of the Merger Agreement, at the effective time of the Merger, each outstanding share (other than treasury shares, shares owned by any direct or indirect wholly owned subsidiary of the Company, or shares owned directly or indirectly by Parent or Merger Sub) of the Company’s common stock, was converted into the right to receive $7.018 per share. Immediately prior to the effective time of the Merger, each share of restricted stock of the Company that was subject to vesting or other lapse restrictions pursuant to the Company’s Amended and Restated Equity Incentive Compensation Plan or any restricted stock award agreement (but excluding 50,000 shares of restricted stock held by Mr. Aaron Halfacre, the Company’s President and Chief Investment Officer, that were forfeited prior to the effective time of the Merger), automatically vested and all restrictions thereon lapsed, and all such restricted stock was cancelled and converted into the right to receive the Merger Consideration, without interest, less any applicable tax withholding. Prior to the closing of the Merger, all of the escrowed monies related to the previously disclosed sale of the Company’s Montreal joint venture interests were released from escrow. Accordingly, it will not be necessary for the parties to issue a contingent value right for any portion of the Merger Consideration. In connection with the consummation of the Merger, the Company set aside sufficient funds for the redemption of each share of its 8.00% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share, that was issued and outstanding immediately prior to the effective time of the Merger, to be held for the benefit of the holders of the Series A Preferred Stock. In connection therewith, each share of Series A Preferred Stock that was issued and outstanding immediately prior to the effective time of the Merger will be redeemed by the Surviving Entity on March 3, 2016, in exchange for the payment of an amount in cash equal to $27.256 per share, which is comprised of (i) $25.00 per share, plus (ii) accrued and unpaid dividends to, but not including, the Redemption Date, in the amount of $2.256 per share. ____________ Jan. 26, 2016 -- Campus Crest Communities, Inc. (NYSE: CCG) announced today that holders of its outstanding shares of common stock approved the acquisition of Campus Crest by affiliates of Harrison Street Real Estate Capital, LLC at the Company's annual shareholder meeting held earlier today. Upon the closing of the Merger, the Company will no longer be a publicly-held company and shares of its common stock will be delisted from the NYSE.

Company's Online Information Links

HOME PAGE:     http://www.campuscrest.com/
Company's Investor Relations Information	Go to Investor Relations Information
Company's Online News Releases	Go to News Releases
Online Company Profile	Go to Online Profile

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

Go to SEC Filings

Company's Email Address Links

Email Address

Investor.Relations@campuscrest.com

Address and Phone Numbers

Address:   2100 Rexford Road, Suite 414, Charlotte, NC 28211
Main Phone Number	704-496-2500
Fax Number	704-496-2599
Investor Relations	704-496-2581
Toll Free Phone Number	Unknown

CEO - Ted W. Rollins

CFO - Donald L. Bobbitt, Jr.