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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Investment in real estate, net:  
Student housing properties$ 461,333$ 372,746
Accumulated depreciation(71,417)(57,463)
Development in process32,80824,232
Investment in real estate, net422,724339,515
Investment in unconsolidated entities16,75113,751
Cash and cash equivalents9,4572,327
Restricted cash and investments2,3523,305
Student receivables, net of allowance for doubtful accounts of $ 1,238 and $431 at September 30, 2011 and December 31, 2010, respectively1,578954
Cost and earnings in excess of construction billings3,5301,827
Other assets10,4529,578
Total assets466,844371,257
Liabilities:  
Mortgage and construction loans149,17860,840
Lines of credit and other debt43,55242,500
Accounts payable and accrued expenses31,57514,597
Other liabilities11,0566,530
Total liabilities235,361124,467
Stockholders' equity:  
Common stock, $0.01 par value, 90,000,000 shares authorized, 30,706,527 and 30,682,215 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively307307
Additional paid-in capital248,640248,515
Accumulated deficit and distributions(20,929)(5,491)
Accumulated other comprehensive loss(425)(172)
Total Campus Crest Communities, Inc. stockholders' equity227,593243,159
Noncontrolling interests3,8903,631
Total equity231,483246,790
Total liabilities and equity$ 466,844$ 371,257