CHARLOTTE, N.C.--(BUSINESS WIRE)--Campus Crest Communities, Inc. (the “Company”) (NYSE:CCG), a leading developer, builder, owner and manager of high-quality, purpose-built student housing, today announced that its Board declared its first quarter 2011 dividend of $0.16 per common share and operating partnership unit. The dividend, which equates to $0.64 per common share and operating partnership unit on an annualized basis, is payable on April 20, 2011, to shareholders of record on April 11, 2011.
On an ongoing basis, the Company expects to declare its quarterly dividend in the middle of the last month of each quarter.
About Campus Crest Communities, Inc.
Campus Crest Communities, Inc. (NYSE: CCG) is a leading owner, developer and manager of high-quality student housing properties located 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. Campus Crest Communities owns interests in 27 student housing properties containing approximately 5,048 apartment units and 13,580 beds. Since its inception, the Company has focused on customer service, privacy, on-site amenities and other lifestyle considerations to provide college students with a higher standard of living. Additional information can be found on the Company's website at http://www.campuscrest.com.