October 27, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Campus Crest Communities Inc (NYSE:CCG), was announced concerning whether the takeover of Campus Crest Communities Inc by Harrison Street Real Estate Capital, LLC is unfair to NYSE:CCG stockholders.

The investigation by a law firm concerns whether certain officers and directors of Campus Crest Communities Inc breached their fiduciary duties owed to NYSE:CCG investors in connection with the proposed acquisition.

On October 16, 2015, Campus Crest Communities Inc (NYSE:CCG) announced that it has entered into a merger agreement with affiliates of Harrison Street Real Estate Capital, LLC pursuant to which Harrison Street will acquire all issued and outstanding shares of common stock of Campus Crest Communities Inc (NYSE:CCG) in a transaction involving total estimated merger consideration of $7.03 per share, which amount includes net sale proceeds currently estimated to be valued at up to $0.13 per share (based on current exchange rates) from the separate sale of the Company's ownership interest in its evo Montreal joint venture.

However, given that at least one analyst has set the high target price for NYSE:CCG shares at $8.00 per share, the investigation concerns whether the offer is unfair to NYSE:CCG stockholders. More specifically, the investigation concerns whether the Campus Crest Communities Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Campus Crest Communities Inc reported that its annual Total Revenue rose from $74.65 million in 2012 to $106.74 million in 2014.

Shares of Campus Crest Communities Inc (NYSE:CCG) closed on October 27, 2015, at $6.61 per share.