CORRECTING and REPLACING -- Education Realty Trust Announces the Branding of Its
Private Equity Program for Universities as The On-Campus Equity Plan -- The ONE
Plan(SM)
MEMPHIS, Tenn., Nov. 3, 2009 (GLOBE NEWSWIRE) -- In a release issued earlier
today by Education Realty Trust, Inc. (NYSE:EDR), the URL in the sixth paragraph
was incorrect; note the change. The corrected release follows:
In conjunction with its recent successful secondary offering, Education Realty
Trust, Inc. (NYSE:EDR) announces the branding of its private equity program for
universities as The On-Campus Equity Plan -- The ONE Plan(SM), a single funding
solution that is redefining how university housing development is financed.
The ONE Plan is a partnership that allows universities to use EDR's equity and
financial stability to develop and revitalize campus housing while preserving
their credit capacity for other campus projects. The ONE Plan offers one partner
and one equity source to universities seeking to modernize on-campus housing to
meet the needs of today's students.
Through its subsidiary Allen & O'Hara, EDR has been successfully providing
university housing partnerships for more than 45 years and has tapped into that
experience to create The ONE Plan, which can be tailored to fit a university's
specific needs.
"Our years of success in the university housing business make us uniquely
positioned to offer our university partners the financial solutions they need to
develop on-campus housing options that satisfy the needs and exceed the
expectations of today's student," said Tom Trubiana, EDR's chief investment
officer.
"We recognize that universities need to maximize their capital," Trubiana said.
"That's why The ONE Plan was designed to minimize the impact on the university's
debt capacity while helping create substantial long-term financial benefits."
For more information about The ONE Plan visit www.edrtrust.com/oneplan or call
866-47-1PLAN (866-471-7526).
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.
Safe Harbor Statement
Statements about EDR's business that are not historical facts are
"forward-looking statements." Forward-looking statements are based on current
expectations. You should not rely on EDR's forward-looking statements because
the matters they describe are subject to known and unknown risks and
uncertainties that could cause EDR's future results, performance, or
achievements to differ significantly from the results, performance, or
achievements expressed or implied by such statements. Such risks are set forth
under the captions "Item 1A. Risk Factors" and "Forward-Looking Statements" and
under the caption "Item 2. Management's Discussion and Analysis of Financial
Condition and Results of Operations" (or similar captions) in EDR's annual
report on Form 10-K and quarterly reports on Form 10-Q, and as described in its
other filings with the Securities and Exchange Commission. Forward-looking
statements speak only as of the date on which they are made, and EDR undertakes
no obligation to update publicly or revise any forward-looking statement,
whether as a result of new information, future developments, or otherwise.
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CONTACT: ICR, LLC
Brad Cohen
203-682-8211
bcohen@icrinc.com
