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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Investment in real estate, net:    
Student housing properties ($32,875 related to VIE as of December 31, 2014) $ 1,553,782 $ 935,962
Accumulated depreciation (($318) related to VIE as of December 31, 2014) (150,912) (128,121)
Land and property held for sale 15,019 37,163
Land held for investment 7,413 7,413
Investment in real estate, net 1,425,302 852,417
Investment in unconsolidated entities 87,730 259,740
Cash and cash equivalents ($670 related to VIE as of December 31, 2014) 15,679 15,240
Restricted cash 17,411 5,429
Student receivables, net of allowance for doubtful accounts of $2,223 and $459, respectively ($36, net of allowance of $9 related to VIE as of December 31, 2014) 2,070 1,587
Cost and earnings in excess of construction billings 0 3,887
Intangible assets, net 9,315 0
Other assets ($236 related to VIE as of December 31, 2014) 32,823 35,742
Total assets 1,590,330 1,174,042
Liabilities:    
Mortgage and construction loans ($21,170 related to VIE as of December 31, 2014) 600,750 300,673
Line of credit and other debt 367,680 317,746
Accounts payable and accrued expenses ($534 related to VIE as of December 31, 2014) 28,621 53,816
Construction billings in excess of cost and earnings 0 481
Other liabilities ($607 related to VIE as of December 31, 2014) 35,025 22,092
Total liabilities 1,032,076 694,808
Equity:    
Preferred stock, $0.01 par value, 50,000,000 shares authorized: 8.00% Series A Cumulative Redeemable Preferred Stock (liquidation preference $25.00 per share), 6,100,000 shares issued and outstanding at June 30, 2015 and December 31, 2014 61 61
Common stock, $0.01 par value, 500,000,000 and 500,000,000 shares authorized, 64,776,220 and 64,742,713 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively 648 648
Additional common and preferred paid-in capital 781,280 773,998
Accumulated deficit and distributions (301,776) (301,566)
Accumulated other comprehensive loss (3,090) (2,616)
Total Campus Crest Communities, Inc. stockholders' equity 477,123 470,525
Noncontrolling interests 81,131 8,709
Total equity 558,254 479,234
Total liabilities and equity $ 1,590,330 $ 1,174,042