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CHARLOTTE, N.C. — Campus Crest Communities has signed an agreement to acquire Copper Beech Townhome Communities, with the initial stage of the investment representing a 48 percent ownership in a portfolio of 35 student housing properties. Pursuant to this agreement, CCG has the right to buy the final 52 percent stake in the Copper Beech portfolio in stages over a period of up to three years at fixed prices. The initial investment is $261.9 million. The investment will give Charlotte-based CCG a combined portfolio of nearly 42,000 beds.