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Education Realty Trust, Incorporated


 

Education Realty Trust Announces Closing of $95 Million Revolving Credit Facility - Zibb.com

Education Realty Trust, Inc. (NYSE:EDR), one of the nation's largest developer, owner, and manager of student housing communities today announced the closing of a $95 million secured revolving credit facility. The new facility has a three year term with a one year extension option and contains an accordion feature allowing the Company to increase the total commitment under the facility to $150 million upon request by the company and lender approval. The facility is currently secured by five properties. KeyBank National Association is the administrative agent for the credit facility.

About Education Realty Trust

Education Realty Trust (NYSE:EDR) is a self-administered, self-managed real estate investment trust that owns, develops and manages high-quality student housing communities throughout the United States. Led by a team with over 200 years of shared industry experience, EDR is one of America's largest owners and operators of collegiate student housing. Its portfolio includes 64 communities in 22 states with 37,827 owned and managed beds. For more information please visit the Company's website at www.educationrealty.com.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Education Realty Trust, Inc.

CONTACT:  ICR, LLC
Brad Cohen
203-682-8211
bcohen@icrinc.com

Read more...

Tags: education   housing   investment   nyse   real estate  

Companies: Education Realty Trust Inc (EDR)

 

Education Realty Trust Announces the Branding of Its Private Equity Program for Universities as The

In conjunction with its recent successful secondary offering, Education Realty Trust, Inc. (NYSE:EDR) announces the branding of its private equity program for universities as The On-Campus Equity Plan -- The ONE Plan(SM), a single funding solution that is redefining how university housing development is financed.

The ONE Plan is a partnership that allows universities to use EDR's equity and financial stability to develop and revitalize campus housing while preserving their credit capacity for other campus projects. The ONE Plan offers one partner and one equity source to universities seeking to modernize on-campus housing to meet the needs of today's students.

Through its subsidiary Allen & O'Hara, EDR has been successfully providing university housing partnerships for more than 45 years and has tapped into that experience to create The ONE Plan, which can be tailored to fit a university's specific needs.

"Our years of success in the university housing business make us uniquely positioned to offer our university partners the financial solutions they need to develop on-campus housing options that satisfy the needs and exceed the expectations of today's student," said Tom Trubiana, EDR's chief investment officer.

"We recognize that universities need to maximize their capital," Trubiana said. "That's why The ONE Plan was designed to minimize the impact on the university's debt capacity while helping create substantial long-term financial benefits."

For more information about The ONE Plan visit www.edrtrust.com/oneplan.com or call 866-47-1PLAN (866-471-7526).

About Education Realty Trust

Education Realty Trust (NYSE:EDR) is a self-administered, self-managed real estate investment trust that owns, develops and manages high-quality student housing communities throughout the United States. Led by a team with over 200 years of shared industry experience, EDR is one of America's largest owners and operators of collegiate student housing. Its portfolio includes 64 communities in 22 states with 37,827 owned and managed beds. For more information please visit the Company's website at www.educationrealty.com.

Safe Harbor Statement

Statements about EDR's business that are not historical facts are "forward-looking statements." Forward-looking statements are based on current expectations. You should not rely on EDR's forward-looking statements because the matters they describe are subject to known and unknown risks and uncertainties that could cause EDR's future results, performance, or achievements to differ significantly from the results, performance, or achievements expressed or implied by such statements. Such risks are set forth under the captions "Item 1A. Risk Factors" and "Forward-Looking Statements" and under the caption "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations" (or similar captions) in EDR's annual report on Form 10-K and quarterly reports on Form 10-Q, and as described in its other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made, and EDR undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Education Realty Trust, Inc.

CONTACT:  ICR, LLC
Brad Cohen
203-682-8211
bcohen@icrinc.com

Read more...

Tags: annual report   business   debt   education   equity   housing   investment   nyse   partnership   Private Equity   real estate   university  

Companies: Education Realty Trust Inc (EDR)

 

Education Realty Trust Retires $98 Million First Mortgage Debt - Zibb.com

Education Realty Trust, Inc., (NYSE:EDR) today announced it retired $98 million of secured first mortgage debt that was due to mature on December 6, 2009. The debt was secured by nine properties acquired as part of the 2006 Place portfolio transaction and was retired by utilizing approximately $76 million of existing cash and by drawing on its corporate credit facility.

About Education Realty Trust

Education Realty Trust (NYSE:EDR) is a self-administered, self-managed real estate investment trust that owns, develops and manages high-quality student housing communities throughout the United States. Led by a team with over 200 years of shared industry experience, EDR is one of America's largest owners and operators of collegiate student housing. Its portfolio includes 64 communities in 22 states with 37,827 owned and managed beds. For more information please visit the Company's website at www.educationrealty.com.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Education Realty Trust, Inc.

CONTACT: ICR, LLC
Brad Cohen
203-682-8211
bcohen@icrinc.com

Read more...

Tags: corporate   debt   education   housing   investment   nyse   real estate  

Companies: Education Realty Trust Inc (EDR)

 

CORRECTING and REPLACING -- Education Realty Trust Announces the Branding of Its Private Equity

In a release issued earlier today by Education Realty Trust, Inc. (NYSE:EDR), the URL in the sixth paragraph was incorrect; note the change. The corrected release follows:

In conjunction with its recent successful secondary offering, Education Realty Trust, Inc. (NYSE:EDR) announces the branding of its private equity program for universities as The On-Campus Equity Plan -- The ONE Plan(SM), a single funding solution that is redefining how university housing development is financed.

The ONE Plan is a partnership that allows universities to use EDR's equity and financial stability to develop and revitalize campus housing while preserving their credit capacity for other campus projects. The ONE Plan offers one partner and one equity source to universities seeking to modernize on-campus housing to meet the needs of today's students.

Through its subsidiary Allen & O'Hara, EDR has been successfully providing university housing partnerships for more than 45 years and has tapped into that experience to create The ONE Plan, which can be tailored to fit a university's specific needs.

"Our years of success in the university housing business make us uniquely positioned to offer our university partners the financial solutions they need to develop on-campus housing options that satisfy the needs and exceed the expectations of today's student," said Tom Trubiana, EDR's chief investment officer.

"We recognize that universities need to maximize their capital," Trubiana said. "That's why The ONE Plan was designed to minimize the impact on the university's debt capacity while helping create substantial long-term financial benefits."

For more information about The ONE Plan visit www.edrtrust.com/oneplan or call 866-47-1PLAN (866-471-7526).

About Education Realty Trust

Education Realty Trust (NYSE:EDR) is a self-administered, self-managed real estate investment trust that owns, develops and manages high-quality student housing communities throughout the United States. Led by a team with over 200 years of shared industry experience, EDR is one of America's largest owners and operators of collegiate student housing. Its portfolio includes 64 communities in 22 states with 37,827 owned and managed beds. For more information please visit the Company's website at www.educationrealty.com.

Safe Harbor Statement

Statements about EDR's business that are not historical facts are "forward-looking statements." Forward-looking statements are based on current expectations. You should not rely on EDR's forward-looking statements because the matters they describe are subject to known and unknown risks and uncertainties that could cause EDR's future results, performance, or achievements to differ significantly from the results, performance, or achievements expressed or implied by such statements. Such risks are set forth under the captions "Item 1A. Risk Factors" and "Forward-Looking Statements" and under the caption "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations" (or similar captions) in EDR's annual report on Form 10-K and quarterly reports on Form 10-Q, and as described in its other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made, and EDR undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Education Realty Trust, Inc.

CONTACT:  ICR, LLC
Brad Cohen
203-682-8211
bcohen@icrinc.com

Read more...

Tags: annual report   business   debt   education   equity   housing   investment   note   nyse   partnership   Private Equity   real estate   university  

Companies: Education Realty Trust Inc (EDR)

 

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Education Realty Trust Inc. - Analyst News | newratings.com

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Education Realty Trust (EDR) News - Company News and Press Releases

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IPOhome - IPO Company Profile for Education Realty Trust (EDR)

IPO Marketwatch IPO Plus Fund IPO Research IPO Newcomer Home Symbol or Name IPO Plus Fund Shareholder Login IPOhome User Registration Edit Profile Site Map Site Tour Privacy About Renaissance Capital Press Room Career Center Contact Us Education Realty Trust (EDR) Business Business Specialty REIT

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News for EDR, category mask: 0

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