Campus Crest Communities, Inc. Schedules Third Quarter 2011 Earnings Release and Conference Call

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 the Company will release its third quarter 2011 financial results after the market close on Tuesday, November 1, 2011. The Company will host a conference call on Wednesday, November 2, 2011, at 9:00 a.m. (Eastern Time) to discuss the financial results.

The call can be accessed live over the phone by dialing 877-407-3982, or for international callers, 201-493-6780. 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 passcode for the replay is 380059. The replay will be available until November 9, 2011.

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/. The on-line replay will be available for a limited time beginning immediately following the call.

About Campus Crest Communities, Inc.

Campus Crest Communities, Inc. (NYSE: CCG) is a leading developer, builder, owner and manager of high-quality, purpose-built 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 33 student housing properties containing approximately 6,324 apartment units and 17,064 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.