MEMPHIS, Tenn., May 24, 2006 (PRIMEZONE) -- Education Realty Trust, Inc. (NYSE:EDR) today announced that shareholders at the company's 2006 annual meeting re-elected a slate of distinguished directors.
Directors elected to serve until the 2007 annual meeting or until their successors have been duly elected and qualified are:
Monte J. Barrow who is a private investor and former chief financial officer of MS Carriers, Inc., a publicly traded trucking transportation company sold in 2002. Since early 2003, Mr. Barrow has been self-employed as the owner of two privately held businesses.
Paul O. Bower who is Chairman of the Board as well as Chief Executive Officer and President of Education Realty Trust, Inc. Mr. Bower joined the predecessor company of EDR in 1969, became a senior vice president in 1979, and became Chief Executive Officer and President in 1998.
William J. Cahill, III who is Corporate Vice President of Human Resources of FedEx Corporation where he is responsible for executive compensation, succession planning, healthcare strategy, retirement investment, employment, legal compliance and HR functions.
Randall L. Churchey who is Chief Executive Officer of Golden Gate National Senior Care, America's second largest long-term care company, and Encore Real Estate Company, LLC, a hotel construction and management company. Mr. Churchey also serves on the boards of Innkeepers USA Trust, a NYSE-listed hotel real estate investment trust, and Great Wolf Resorts, Inc., a family focused resort firm listed on the NASDAQ National Market system.
Dr. John L. Ford, III who is Senior Vice President and Dean of Campus Life at Emory University where he leads a department of 350 employees, administers a $43 million annual budget and oversees student life outside of the classroom.
Also today, shareholders ratified the selection of Deloitte & Touche LLP as independent public accountants for the 2006 fiscal year.
About Education Realty Trust
Education Realty Trust, Inc. (NYSE:EDR) is a real estate investment trust that owns, manages and develops high-quality collegiate student housing. Led by a team with more than 170 years of shared industry experience, EDR is one of America's largest owners and operators of collegiate student housing. Its portfolio includes 36,637 beds at 59 properties in 21 states. For more information please visit the company's Web site at www.educationrealty.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
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.