CHARLOTTE, NC—After a shakeup in management earlier this month,student housing owner and developer Campus CrestCommunities, Inc. announced on Thursday its intent todispose of some undeveloped land parcels in Michigan, Washington,Florida, North Carolina, California, Texas, Arizona andAlabama.

The undeveloped parcels are located in Allendale, MI (GrandValley State University); Mt. Pleasant, MI (Central MichiganUniversity); Bellingham, WA (Western Washington University); BocaRaton, FL (Florida Atlantic University); Charlotte, NC(UNC-Charlotte); Sacramento, CA (Cal-State Sacramento University);San Angelo, TX (Angelo State University); Tempe, AZ (Arizona StateUniversity) and Tuscaloosa, AL (University of Alabama).

The company states in its press announcement that it will acceptwritten offers on the properties until 5 p.m. EST on Wednesday,Dec. 3. The company states that priority will be given to offersbased upon several criteria to include: the ability to close on orbefore Feb.13, 2015; portfolio offers; ability to close withoutfunding contingencies; and/or ability to close without entitlementcontingencies. Offers previously received will be given fullconsideration as presented unless revised or withdrawn prior toDec. 3, 2014.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.