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According to WSJ, Education Realty Trust (EDR) seeking strategic alternatives

  • June 5, 2018


StockEducation Realty Trust, Inc.SymbolEDR
Date Announced06/01/2018Source The Wall Street Journal
TypeNews Report
Date of Confirmation: 06/25/2018Price at Confirmation: $41.36
Potential Profit: 9.01%Annualized Profit: 137.09%

Student-housing owner Education Realty Trust Inc. (EDR) is exploring a potential sale, according to people familiar with the matter.


June 13, 2018: Greystar Real Estate Partners LLC is in exclusive talks to buy student-housing owner Education Realty Trust Inc. (EDR) for about $3.1 billion, according to people familiar with the matter.

June 25, 2018: Education Realty Trust Inc., (EDR) a college-housing real-estate investment trust, said it is selling itself to a Greystar Real Estate Partners affiliate for $41.50 a share in cash.

June 25, 2018: EdR (EDR), one of the nation’s largest developers, owners and managers of high-quality collegiate housing communities, today announced that it has entered into a definitive merger agreement to be acquired by a newly-formed, perpetual-life fund, Greystar Student Housing Growth and Income Fund, LP , an affiliate of Greystar Real Estate Partners, in an all-cash transaction valued at approximately $4.6 billion, including debt to be assumed or refinanced.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.