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

  • June 5, 2018

POTENTIAL DEAL DETAILS

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.

Update(s):

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.

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