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Campus Crest won't exercise Copper Beech option

Aug. 20, 2014 12:24 PM ETCampus Crest Communities, Inc. (CCG-OLD) StockBy: Stephen Alpher, SA News Editor
  • Both parties tried, says Campus Crest Communities (NYSE:CCG -0.1%) CEO Ted Rollins, but were unable to come to a deal "that would be received well by our investors and reflective of current market dynamics."
  • Campus Crest will thus continue with its 48% interest in the 37 property portfolio. Recently released earnings guidance already reflected this conclusion, so no change is necessary.
  • Source: Press Release

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