Preferred Stock Offerings
By Ru Back Packer Staff, updated Sunday, January 28, 12:37 PM
Slide #283. Campus Crest Communities, Inc. — Preferred Stock Offering
||Campus Crest Communities, Inc. (CCG)
|Date of Pricing:
|Price Per Share:
|Preferred Stock Offering Details:
||Campus Crest Communities, Inc. (NYSE:CCG) (the "Company") today announced a reopening of its 8.00% Series A Cumulative Redeemable Preferred Stock in an underwritten public offering. --updated 10/4 - Campus Crest Communities, Inc. (NYSE:CCG) (the "Company") today announced it has priced, in an underwritten public offering, a reopening of 3,400,000 shares of its 8.00% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") with a liquidation preference of $25.00 per share. The Company also granted the underwriters a 30-day option to purchase up to an additional 510,000 shares of the Series A Preferred Stock. The offering is expected to close on or about October 9, 2013, subject to customary closing conditions.
Campus Crest Communities is a real estate investment trust focused on developing, building, owning and managing residence life student housing properties. Co. conducts substantially all of its business through Campus Crest Communities Operating Partnership, LP. As of Dec 31 2014, Co. owned interests in 47 operating student housing The Grove® properties, including 36 wholly-owned properties and 11 of that are owned through joint ventures with Harrison Street Real Estate Capital. Co. also owns interests in 36 operating student housing Copper Beech branded properties, three operating student housing evo® properties and one redevelopment property.
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