Campus Crest Enjoys Year Over Year Growth with Its Fully Loaded College Living Facilities

CHARLOTTE, N.C., July 7 /PRNewswire/ -- Right now, many developers are feeling the pinch of the current economic recession. But not Campus Crest, the developer behind a successful brand of college living facilities called The Grove (http://www.gogrove.com/). Since the company began in 2004, it's developed 19 of The Grove locations across 10 states, with 12 more slated to begin construction later this year, a 450 percent average increase per year.

Billed as 'fully loaded college living,' The Grove developments provide more than just a home away from home for students. Amenities include individual lease options for residents, high speed Internet access throughout the residences and properties, a centrally-located clubhouse and resident gathering area complete with a pool, tavern-style game room, sand volleyball court, basketball court, fire pit, coffee shop, fitness center and tanning salon.

Residents also enjoy bundled payments, in which one bill per month covers rent, all utilities including cable, high speed Internet access, and use of all of The Grove amenities, including the fitness center and tanning salon.

"The demand for The Groves' growth has truly been a testament to the Campus Crest vision, which is to build a fully loaded home away from home for students to enjoy during their college years," said Shannon King, president of Campus Crest. "Students want to have fun, and their parents want them to be safe. The Grove provides all of that and more across each of our properties."

Currently, The Grove properties provide fully loaded living facilities for college students in Alabama, Georgia, New Mexico, North Carolina, Texas, Washington and Colorado. More locations will be added throughout 2008 and 2009 across these states as well as Tennessee and Kansas, with plans to expand into the Northeast and Western parts of the country.

About Campus Crest and The Grove

The Grove is the brand of luxury college living facilities built by Campus Crest, a progressive, Charlotte, N.C.-based firm founded by a group of professionals whose vision is providing the best student housing in the industry. Campus Crest has developed more than $100 million of student housing and is committed to responsible development practices, delivering community conscious projects that go beyond the requirements of the cities where they are located. Visit http://www.gogrove.com/ for more information.

CONTACT: Kim Banks of Simko Communications, +1-704-953-9303 (cell), kim@simkocomm.com; or Liza Jones of Payne Jones Public Relations, +1-864-270-0722 (cell), liza@paynejonespr.com, both for Campus Crest and The Grove

Web site: http://www.gogrove.com/

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