CCG Hires REIT Veteran

Campus Crest Communities, Inc. (NYSE: CCG), a leading developer, builder, owner and manager of high-quality student housing properties, today announced that it has hired Aaron Halfacre, CFA as an Executive Vice President and Head of Capital Markets, effective August 1, 2014.

“Aaron joins us formally as an executive officer and the head of our capital markets, but more importantly Aaron joins us in the capacity of a change agent. Many of you know Aaron and you know he is a candid advocate for shareholders. He has spent his entire sixteen year career, in real estate, the REIT community and the buy-side, looking at business decisions through the lens of an investor,” said Ted W. Rollins, the Company’s Chief Executive Officer. “He is both qualified and disciplined and our entire team finds his energy refreshing. We are excited to have him as a part of our team."

Mr. Halfacre comes most recently from Cole Real Estate Investments, a publicly traded net lease REIT that recently merged into American Realty Capital Properties, where he was Head of Strategic Relations. In that role, he worked closely with the CEO, COO and CFO to help craft strategy and was the primary representative for institutional investors. Prior to Cole, he held senior leadership roles at BlackRock, the world's largest investment manager, to include COO of a global equity team and Head of Product Development in their institutional real estate group. Earlier, he worked at Green Street Advisors, the leading independent REIT research firm, where he first established his long-standing relationships with the REIT investment community.

Mr. Halfacre is a CFA® charterholder, has an MBA in finance from Rice University and holds an undergraduate degree in accounting from College of Santa Fe.

About Campus Crest Communities, Inc.

Campus Crest Communities, Inc. is a leading developer, builder, owner and manager of high-quality student housing properties located close to college campuses in targeted markets. Pro forma for the Copper Beech restructure, the Company has ownership interests in 80 student housing properties and over 43,000 beds across North America, of which 70 are operating and 10 are development or redevelopment properties. The Company is an equity REIT that differentiates itself through its vertical integration and consistent branding across the portfolio through three unique brands targeting different segments of the college student population. The Grove® brand offers more traditional apartment floor plans and focuses on customer service, privacy, on-site amenities and a proprietary residence life program. The Copper Beech brand and townhome product offers more residential-type living to students looking for a larger floor plan with a front door and back porch. The evo brand provides urban students with a luxury student housing option with all the conveniences of city living. Additional information can be found on the Company's website at http://www.campuscrest.com/.

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