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2014 Investor Property Tour – Evo Cira Centre South

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2014 Investor Property Tour – Evo Cira Centre South 2014 Investor Property Tour – evo Cira Centre South 0 Welcome and Speaker Introduction Campus Crest Communities, Inc Ted W. Rollins Chairman & Chief Executive Officer Robert M. Dann Executive Vice President & Chief Operating Officer Donnie L. Bobbitt Executive Vice President & Chief Financial Officer Brian L. Sharpe Executive Vice President & Chief Construction and Facilities Officer Guest Speakers Gerard H. Sweeney President, Chief Executive Officer and Trustee of Brandywine Realty Trust Matt Bergheiser Executive Director of University City District Craig R. Carnaroli Executive Vice President of the University of Pennsylvania 1 evo at Cira Centre South • 33-story student housing tower in University City, Philadelphia at SE corner of 30th and Chestnut Streets • Joint venture between three leading real estate investors o Brandywine (30%) o CCG (30%) o Harrison Street (40%) • 344 units / 850 beds • Total cost of $158.5 million • Leasing underway for August 2014 opening 2 Market View 3 evo at Cira Centre South – Asset Level Capital Stack Equity Ownership Total Asset Capital Stack Total Capital Stack $158.5 Total Debt $97.8 61.7% $160.0 Total Equity 60.7 38.3% Total Cost $158.5 100.0% $140.0 $120.0 Equity Ownership CCG $18.2 30.0% HSRE 24.3 40.0% $100.0 BDN 18.2 30.0% Total Equity $60.7 100.0% $80.0 • Construction loan reflects ~61.7% LTV $60.0 • LIBOR+220 BPS 61.7% • Floating Rate $40.0 • Maturity date of 7/25/16 • Two 12 month extension options $20.0 • Campus Crest (CCG) reflects 30% equity ownership $0.0 • Brandywine Realty Trust (BDN) reflects 30% equity ownership Total Capital Stack • Harrison Street Real Estate (HSRE) reflects 40% equity ownership Debt CCG HSRE BDN 4 Guest Speakers Gerard H. Sweeney President, Chief Executive Officer and Trustee of Brandywine Realty Trust Matt Bergheiser Executive Director of University City District Craig R. Carnaroli Executive Vice President of the University of Pennsylvania 5 evo at Cira Centre South – Building Overview Building Stats Features Building Area 460,000 SF ± All units have private, lockable bedrooms, with private bath per bedroom Building Height 395’ ± Amenities: study lounges, bike storage, Number of Apartment Units 344 concierge, exercise room and pool Number of Beds 850 Rent includes utilities, all amenities and Office-Lease Space 4,000 SF fully furnished units Target Market: Grad students and young Retail Space 6,700 SF professionals Amenities 15,500 SF Unit Mix Singles/Studios 77 units 2BR 120 units 3BR 56 units 4BR 91 units 6 evo at Cira Centre South – Street View 7 evo at Cira Centre South – Green Roof 8 evo at Cira Centre South – Loft Unit 9 evo at Cira Centre South – Typical Bedroom 10 evo at Cira Centre South – Study Lounge 11 evo at Cira Centre South – Common Area 12 evo at Cira Centre South – Common Area (Cont’d) 13 evo at Cira Centre South – Rooftop Amenities 14 evo at Cira Centre South – Rooftop Amenities (Cont’d) 15 evo at Cira Centre South – Exercise Facility 16 evo at Cira Centre South – Exercise Facility (Cont’d) 17 evo at Cira Centre South – Rooftop Pool 18 evo at Cira Centre South – Rooftop Pool (Cont’d) 19 evo at Cira Centre South – Rooftop Pool (Cont’d) 20 evo at Cira Centre South – Flyover Video 21 evo Customer Experience • Launched in 2013 as an upscale, urban concept with an unmatched residence life experience • Targets graduate students and young professionals • Evolves the urban student housing experience by offering customer service, amenities and conveniences of urban living • Provides Company with product type to meet growing demand at urban campuses 22 evo Customer Experience (Cont’d) Built for a Lifestyle and Community Experience • Rooftop recreational space including outdoor pool and game room • Bi-level state-of-the-art exercise facility with group exercise space • Dedicated study spaces including dedicated bi-level state-of-the-art study areas • Complimentary bistro area with espresso machine • Ample complimentary bike storage Built to be Secure • 24/7 security cameras • Biometric readers for extra perimeter security • On site security officer 23 Industry Leading Customer Experience SOCIAL CULTURAL OUTREACH RECREATIONAL EDUCATIONAL SUSTAINABILITY RESIDENCE LIFE Lifestyle is the foundation of our student communities, influencing both how we design properties and how we operate them. We’ve developed a comprehensive residence life program, SCORES, that emphasizes community engagement in every aspect of the student experience. With us, residents find more than a place to live. They build strong friendships in a community of their peers, enjoy a wide variety of exciting social opportunities, and make a difference with meaningful sustainability and outreach projects. Thanks to our laser focus on lifestyle, we’ve created a college experience that students can’t find anywhere else which creates sticky residents. 24 Active Engagement with Schools UPENN Wharton Business School Penn Law School of Medicine / Biomedical Graduates Studies School of Design School of Dental Medicine School of Veterinary Medicine School of Social Policy and Practice School of Engineering and Applied Science School of Nursing Drexel Department of Commuter and Transfer Student Engagement Department of Corporate Partnerships-Athletics Department of Off Campus Housing University of Sciences Department of Off Campus Housing 25 Market Aerial 26 Market Aerial – UPENN & Drexel 27 Market Snapshot Undergraduate Focus Graduate / Young Professional Focus evo The Chestnut University Domus Luxury 1500 1930 2116 The 2400 1600 Cira Centre Radian Square Crossings Apartments Locust Chestnut Chestnut Left Bank Chestnut Chestnut South Project Inland Campus Crest American American UDR Bozzuto Turchi Pearl Management Company American John Buck Dranoff N/A Communities Campus Campus Communities Company Properties Management Communities Year Opened / Opening 2014 2008 2013 2002 Fall / 2011 1975 2013 2014 1929 1993 2012 Distance From Campus .03 Miles .1 miles .05 miles .2 miles .05 miles 1.7 miles 1.9 miles .7 miles .5 miles .4 miles .8 miles Occupancy Units 344 154 220 340 297 612 144 321 282 368 31 Beds 850 498 880 1,016 400 1,530 168 803 705 920 31 Average Occupancy -- ~100% 93% Rent Inclusions Furnished Water-Sewer Washer-Dryer Cable-Internet Electricity Ammenities Clubhouse Computer Lab Game room Gym On Bus Route Pets Pool Note: Data reflects Campus Crest internal market surveys 28 QUESTION & ANSWER 29 Forward Looking Statements This presentation contains certain forward-looking statements that are subject to risks and uncertainties. These forward- looking statements are based on certain assumptions, discuss future expectations, describe future plans and strategies, contain financial and operating projections or state other forward-looking information. The Company’s ability to predict results or the actual effect of future events, actions, plans or strategies is inherently uncertain. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, the Company’s actual results and performance could differ materially from those set forth in, or implied by, the forward-looking statements. You are cautioned not to place undue reliance on any of these forward-looking statements, which reflect the Company’s views on this date. Furthermore, except as required by law, the Company is under no duty to, and does not intend to, update any of our forward-looking statements after this date, whether as a result of new information, future events or otherwise. This presentation does not constitute, and may not be used in connection with, an offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not permitted by law or in which the person making the offer or solicitation is not qualified to do so or to any person to whom it is unlawful to make such offer or solicitation. 30.
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