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CCG Updates Q3 2012 Earnings Call Dial-in Information

Campus Crest Communities, Inc. (the “Company”) (NYSE:CCG), a leading developer, builder, owner and manager of high-quality, resident life focused student housing, today announced that the Company will change its conference call information due to severe weather conditions that could affect the operations of the existing conference call. The date and time of the third quarter earnings call will remain unchanged on Wednesday, October 31, 2012, at 9:00 a.m. (Eastern Time).

The new call can be accessed live over the phone by dialing 877-941-1428, or for international callers, 480-629-9665. A replay will be available shortly after the call and can be accessed by dialing 877-870-5176, or for international callers, 858-384-5517. The pin number for the replay is 4573725. The replay will be available until November 7, 2012.

Interested parties may also listen to a simultaneous webcast of the conference call by logging onto the Company's website at http://investors.campuscrest.com/. A recording of the call will also be available on the Company's website following the call.

About Campus Crest Communities, Inc.

Campus Crest Communities, Inc. is a leading developer, builder, owner and manager of high-quality, resident life focused student housing properties located close to college campuses in targeted U.S. markets. The Company is a self-managed, self-administered and vertically-integrated real estate investment trust which operates all of its properties under The Grove® brand. The Company owns interests in 39 operating student housing properties containing approximately 7,670 apartment units and 20,884 beds. The Company has commenced construction of three projects containing approximately 658 units and 1,796 beds for delivery in the third quarter of 2013. Since its inception, the Company has focused on customer service, privacy, on-site amenities and its proprietary residence life programs to provide college students across the United States with a higher quality of living. Additional information can be found on the Company's website at http://www.campuscrest.com.

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