MEMPHIS, Tenn., May 30, 2008 (PRIME NEWSWIRE) -- Education Realty Trust, Inc. (NYSE:EDR), a nationwide leader in the ownership, development and management of student housing, today announced that Allen & O'Hara Education Services, the management subsidiary of EDR, will provide leasing and management services for the Jefferson at California Apartments. The ten building, plus two clubhouses, 770-bed apartment complex owned by the Student Association, Incorporated is located in California, Pennsylvania, near the campus of California University of Pennsylvania, a comprehensive institution of higher education and a member of the Pennsylvania State System of Higher Education. The university is in the Borough of California, Pennsylvania, located on the banks of the Monongahela River, about an hour's drive south of Pittsburgh and serves a full-time enrollment of approximately 8,200 students.
"We are gratified to have been selected to manage these important student residence properties. We now proudly serve five distinctive higher education institutions in the State System of Higher Education of Pennsylvania, managing student residences at four and owning and managing another with a total of 3,225 beds," said Thomas J. Hickey, Senior Vice President of Allen & O'Hara Education Services.
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Statements about the Company's business that are not historical facts are "forward-looking statements." Forward-looking statements are based on current expectations. You should not rely on our forward-looking statements because the matters they describe are subject to known and unknown risks and uncertainties that could cause the company'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" in our annual report on Form 10-K and under the caption "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations" (or similar captions) in our quarterly reports on Form 10-Q, and as described in our 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.
About Education Realty Trust
Education Realty Trust, Inc. (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. The Company has ownership and management interests in 69 properties with 42,054 beds in a total of 21 states. For more information please visit the company's Web site at www.educationrealty.com.