» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 126 | NO. 37 | Wednesday, February 23, 2011

Education Realty Trust Announces Three Projects

The Daily News

Print | Front Page | Email this story | Email reporter | Comments ()

Memphis-based Education Realty Trust, one of the nation’s largest developers, owners and managers of college housing, has announced three projects across the U.S.

First, ERT executed a 60-year ground lease with the Board of Regents of the University of Texas System for a new collegiate apartment community near the University of Texas at Austin campus. Construction is expected to begin this summer for a summer 2013 opening.

The company also has been selected by Syracuse University to develop, own and manage new collegiate housing on its campus. ERT is currently working to receive the necessary local government approvals. The company anticipates breaking ground this summer for a summer 2012 completion.

Most recently, ERT reported it has executed agreements with the Edwards Cos. to develop, own and manage new collegiate housing at the University of Alabama in Tuscaloosa. That project will include 337 units with 774 beds in studios and one-, two-, three- and four-bedroom apartments. The Edwards Cos. is developing and constructing the housing, which will be owned jointly by the two companies. Education Realty Trust is the majority owner and managing member of the joint venture and will manage the community.

ERT, whose offices are at 530 Oak Court Drive, suite 300, is slated to release its fourth quarter 2010 financial results after the market closes Thursday.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 106 418 11,538
MORTGAGES 135 521 14,424
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 220 913 24,947
BANKRUPTCIES 53 297 8,729
BUSINESS LICENSES 26 119 3,890
UTILITY CONNECTIONS 71 524 13,980
MARRIAGE LICENSES 13 83 3,114

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.