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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Investment in real estate, net:    
Student housing properties $ 373,502 $ 372,746
Accumulated depreciation (66,943) (57,463)
Development in process 74,105 24,232
Investment in real estate, net 380,664 339,515
Investment in unconsolidated entities 18,109 13,751
Cash and cash equivalents 8,754 2,327
Restricted cash and investments 1,826 3,305
Student receivables, net of allowance for doubtful accounts of $ 961 and $431 at June 30, 2011 and December 31, 2010, respectively 663 954
Cost in excess of construction billings 5,270 1,827
Other assets 9,640 9,578
Total assets 424,926 371,257
Liabilities:    
Mortgage and construction loans 72,564 60,840
Lines of credit 74,500 42,500
Accounts payable and accrued expenses 36,231 14,597
Other liabilities 5,790 6,530
Total liabilities 189,085 124,467
Stockholders' equity:    
Common stock, $0.01 par value, 90,000,000 shares authorized, 30,698,994 and 30,682,215 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively 307 307
Additional paid-in capital 248,549 248,515
Accumulated deficit and distributions (16,421) (5,491)
Accumulated other comprehensive loss (392) (172)
Total Campus Crest Communities, Inc. stockholders' equity 232,043 243,159
Noncontrolling interests 3,798 3,631
Total equity 235,841 246,790
Total liabilities and equity $ 424,926 $ 371,257