Attached files
| file | filename |
|---|---|
| 8-K - Education Realty Trust, Inc. | v167405_8-k.htm |
| EX-10.1 - Education Realty Trust, Inc. | v167405_ex10-1.htm |
Exhibit
99.1
Education
Realty Trust Announces Closing of $95 Million Revolving Credit
Facility
Company
Release - 11/23/2009 09:00
MEMPHIS,
Tenn., Nov. 23, 2009 (GLOBE NEWSWIRE) — Education Realty Trust, Inc. (NYSE:EDR),
one of the nation's largest developer, owner, and manager of student housing
communities today announced the closing of a $95 million secured revolving
credit facility. The new facility has a three year term with a one year
extension option and contains an accordion feature allowing the Company to
increase the total commitment under the facility to $150 million upon request by
the company and lender approval. The facility is currently secured by five
properties. KeyBank National Association is the administrative agent for the
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.
CONTACT: ICR,
LLC
Brad
Cohen
203-682-8211
bcohen@icrinc.com