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

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

The company states in its press announcement that it will accept written offers on the properties until 5 p.m. EST on Wednesday, Dec. 3. The company states that priority will be given to offers based upon several criteria to include: the ability to close on or before Feb.13, 2015; portfolio offers; ability to close without funding contingencies; and/or ability to close without entitlement contingencies. Offers previously received will be given full consideration as presented unless revised or withdrawn prior to Dec. 3, 2014.

The announcement follows the company's management shakeup earlier this month. On Nov. 4, Campus Crest reported that Ted W. Rollins, chairman and CEO, had resigned and would no longer be actively involved with the company. The Independent Directors of the Board of Directors of the company elected Richard Kahlbaugh, lead independent director, as executive chairman and interim CEO. The company also reported that Donnie Bobbitt had resigned and will no longer serve as its chief financial officer. Bobbitt will remain as a transition advisor to the company.

The company also announced on Nov. 4 its intent to acquire Cooper Beech assets and launched a number of initiatives including “discontinuing all construction and development to simplify the business model and focus on organic growth,” as well as “marketing development pipeline assets for sale to increase liquidity and simplify balance sheet.”