CCG Broadens Property Operations Team

Adds Angel Herrera as Head of Operations for Property Management Group

CHARLOTTE, N.C.--()--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 Angel Herrera as Head of Operations for Campus Crest Property Management Group, effective April 28, 2014.

“We are thrilled to have Angel join our management team. His extensive experience in running one of ARAMARK’s top performing Higher Education Groups, combined with his knowledge of our customers, will bolster our efforts in building a premier student housing platform and strengthen our brands. As we continue to grow our geographic footprint, Angel’s ability to execute and manage operations at a tactical level will be a great asset to Campus Crest,” said Rob Dann, the Company’s Chief Operating Officer. “Angel's proven ability to implement tactical, repeatable and scalable systems and processes on large portfolios enables us to continue to grow our portfolio and deliver consistent operational results."

Mr. Herrera comes from ARAMARK, where he was most recently the Regional Vice President of the Higher Education Group for the Southwest for the last nine years. In that role, he was responsible for one of ARAMARK’s top performing higher education regions providing services to 72 colleges and universities located in the states of Texas, Oklahoma, Arkansas, Kansas, Louisiana and New Mexico, with annual revenues of approximately $325 million and approximately 8,000 employees. Prior to ARAMARK, he was a Division Vice President for Burger King Corporation, where he oversaw over 700 franchised restaurants, generating over $750 million in revenue. He has also been an Executive Vice President with Inter Foods Corporation, a Senior Vice President of YUM and President of YUM Mexico, as well as a Vice President/Managing Director for PepsiCo for seven years, overseeing 170 restaurants generating $200 million in sales with more than 6,000 employees.

Mr. Herrera has an undergraduate degree from Boston College with a major in marketing and graduate studies in law from the Interamerican University School of Law.

“After a successful career at ARAMARK, I wanted to make a career choice with a company that had a compelling vision and culture and growth potential. When I had the opportunity to meet Campus Crest, and see their culture, people and product first hand, it was a clear choice for my future,” said Angel Herrera.

Mr. Herrera’s hiring will not have an impact to the Company’s previously communicated 2014 guidance.

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/.

Forward-Looking Statements

Forward-looking statements involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements. Please refer to the documents filed by Campus Crest Communities, Inc. with the SEC, specifically the most recent reports on Forms 10-K and 10-Q, which identify important risk factors which could cause actual results to differ from those contained in the forward-looking statements.

Contacts

Campus Crest Communities, Inc.
Investor Relations, 704-496-2571

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Contacts

Campus Crest Communities, Inc.
Investor Relations, 704-496-2571