Charlotte-based student housing developer Campus Crest Communities reported earnings in the third quarter, a reversal from the same period last year. On Tuesday, it said it had net income of $408,000, or 1 cent per share, in the third quarter, compared with a net loss of $6.3 million in the year-ago quarter. Revenue was $20.39 million, up [...]
Campus Crest Communities today said it will build two student-housing developments totaling $51.6 million at Auburn University in Alabama and the University of Maine. The Charlotte-based developer and manager of student housing said the projects are expected to be ready for the 2012-13 academic year. The Auburn development will have 216 units with 600 beds [...]
Campus Crest Communities today said it had a net loss of $474,000 in the first quarter, or 2 cents per share, down from a net loss of $3.2 million in the same quarter last year before the company went public. The Charlotte-based student housing owner, developer and manager had $23.8 million in revenue in the [...]
Campus Crest Communities said it has hired Robert Dann as an executive vice president and division president of Campus Crest Real Estate Management and Campus Crest Development. The appointment is effective April 18. Most recently, Dann was president of CSM Lodging in Minneapolis. Charlotte-based Campus Crest develops student housing.
Campus Crest Communities has declared a dividend of 16 cents a share. The Charlotte-based developer of student housing said the dividend is payable April 20 to shareholders of record as of April 11. Campus Crest, which went public last year, owns interests in 27 student-housing properties containing about 5,048 apartment units and 13,580 beds.
In its first quarter as a publicly traded company, Charlotte-based student housing developer Campus Crest Communities had a net loss of $1.6 million, or 5 cents a share, in the fourth quarter of 2010. But that was down from a net loss of $7.8 million in the same quarter of 2009.