XML 50 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Investment in real estate, net:    
Student housing properties $ 771,467 $ 669,387
Accumulated depreciation (115,817) (97,820)
Development in process 69,023 50,781
Investment in real estate, net 724,673 622,348
Investment in unconsolidated entities 323,268 22,555
Cash and cash equivalents 22,835 5,970
Restricted cash 8,169 3,902
Student receivables, net of allowance for doubtful accounts of $1,827 and $121, respectively 3,625 2,193
Notes receivable 31,700 0
Cost and earnings in excess of construction billings 32,749 23,077
Other assets, net 37,733 16,275
Total assets 1,184,752 696,320
Liabilities:    
Mortgage and construction loans 240,571 218,337
Line of credit and other debt 247,188 75,375
Accounts payable and accrued expenses 57,297 45,634
Construction billings in excess of cost and earnings 1,799 49
Other liabilities 15,423 12,023
Total liabilities 562,278 351,418
Commitments and contingencies      
Equity:    
Preferred stock, $0.01 par value, 50,000,000 and 10,000,000 shares authorized: 8.00% Series A Cumulative Redeemable Preferred Stock (liquidation preference $25.00 per share), 2,300,000 issued and outstanding at September 30, 2013 and December 31, 2012 23 23
Common stock, $0.01 par value, 500,000,000 and 90,000,000 shares authorized, 64,512,286 and 38,558,048 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively 645 386
Additional common and preferred paid-in capital 678,505 377,180
Accumulated deficit and distributions (61,510) (37,047)
Accumulated other comprehensive income (loss) 88 (58)
Total Campus Crest Communities, Inc. stockholders' equity 617,751 340,484
Noncontrolling interests 4,723 4,418
Total equity 622,474 344,902
Total liabilities and equity $ 1,184,752 $ 696,320