| http://www.w3.org/ns/prov#value | - to cash flow from
operating activities (computed in accordance with U.S. GAAP) as an indicator
of our liquidity, nor is it indicative of funds available to fund our cash
needs, including our ability to pay dividends or make distributions.

Contact:

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

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