Education Realty Trust Retires $98 Million First Mortgage Debt

MEMPHIS, Tenn., Nov. 9, 2009 (GLOBE NEWSWIRE) -- Education Realty Trust, Inc.,
(NYSE:EDR) today announced it retired $98 million of secured first mortgage debt
that was due to mature on December 6, 2009. The debt was secured by nine
properties acquired as part of the 2006 Place portfolio transaction and was
retired by utilizing approximately $76 million of existing cash and by drawing
on its corporate credit facility.

About Education Realty Trust

Education Realty Trust (NYSE:EDR) is a self-administered, self-managed real
estate investment trust that owns, develops and manages high-quality student
housing communities throughout the United States. Led by a team with over 200
years of shared industry experience, EDR is one of America's largest owners and
operators of collegiate student housing. Its portfolio includes 64 communities
in 22 states with 37,827 owned and managed beds. For more information please
visit the Company's website at www.educationrealty.com.

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CONTACT: ICR, LLC
Brad Cohen
203-682-8211
bcohen@icrinc.com