Education Realty Trust, Inc. is one of the real estate investment trust (REIT) firms that focus its resources on the acquisition, development, ownership and redevelopment of collegiate housing communities. The properties owned by the business are near university campuses across the country.
Incorporated in July 2004, the business holds its corporate office in Memphis, Tennessee. As of December 2014, their portfolio is comprised of 50 collegiate housing communities. These properties are located in 21 states. In aggregate, these properties have a total of 10,444 apartment units and are near 37 universities. In addition to managing and owning their own portfolio, the business also engages in providing third-party management services for m23 collegiate housing communities.
The company has been around since 1964 and is now a multi-million venture. It remains publicly traded on the New York Stock Exchange and continues to market its common shares using the ticker symbol EDR.
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