MEMPHIS, Tenn., Nov. 3, 2009 (GLOBE NEWSWIRE) -- 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.
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