Education Realty Trust, Inc.
| New York Stock Exchange: EDR
Education Realty Trust, Inc. operates as a self-administered and self-managed real estate investment trust in the United States of America. The company engages in the ownership, acquisition and management of high-quality collegiate housing communities. It also provides collegiate housing management and development consulting services to universities, charitable foundations and other third parties. The firm operates in three segments: Collegiate Housing Leasing, Development Consulting Services and Management Services. The Collegiate Housing Leasing segment engages in leasing of multi-family housing where apartments are leased by the unit, collegiate-housing communities are leased by the bed on an individual lease liability basis. The Development Consulting Services segment provides development consulting services primarily to colleges and universities seeking to modernize their on-campus collegiate housing communities. It offers market analysis and evaluation of collegiate housing needs and options, cooperation with college or university in architectural design, negotiation of ground lease, development agreement, construction contract, architectural contract and bond documents, oversight of architectural design process, coordination of governmental and university plan approvals, oversight of construction process, design, purchase and installation of furniture, pre-opening marketing to students and obtaining final approvals of construction services. The Management Services segment provides management services for collegiate housing communities owned by educational institutions, charitable foundations, trusts and others. The company was founded on July 12, 2004 and is headquartered in Memphis, TN.