Attached files
| file | filename |
|---|---|
| 8-K - Education Realty Trust, Inc. | v204067_8k.htm |
Exhibit
99.1
 |
Contact:
Randall H. Brown,
Executive Vice
President,
CFO, Treasurer and Secretary
Education
Realty Trust, Inc.
901-259-2500 rbrown@edrtrust.com
Susan Jennings, Public
Relations,
Education
Realty Trust, Inc.
901-259-2506 sjennings@edrtrust.com
|
EDUCATION
REALTY TRUST ANNOUNCES COMMON STOCK OFFERING
MEMPHIS,
Tenn., January 4, 2011 — Education Realty Trust, Inc. (NYSE:EDR) today
announced that it plans to sell 9,500,000 shares of its common stock
in an underwritten public offering. The Company also plans to grant the
underwriters a 30-day option to purchase up to 1,425,000 additional shares
of common stock to cover overallotments, if any. BofA Merrill Lynch and KeyBanc
Capital Markets are serving jointly as book-running managers for the
offering.
The
Company intends to use the net proceeds from the offering to repay debt, fund
its development pipeline, fund future acquisitions and for general corporate
purposes.
The
offering is being conducted as a public offering under the Company’s effective
shelf registration statement filed with the Securities and Exchange Commission
(File No. 333-161493). To obtain a copy of the prospectus and the preliminary
prospectus for this offering, please contact: BofA Merrill Lynch, 4 World
Financial Center, New York, NY 10080, Attention: Prospectus Department or email
dg.prospectus_requests@baml.com; or KeyBanc Capital Markets, Attention:
Prospectus Delivery Department, 127 Public Square, 6th Floor, Cleveland, OH
44114.
This
communication shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of these securities in any state or
other jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state or other jurisdiction.
About Education Realty
Trust
Education
Realty Trust, Inc. (NYSE:EDR) is one of America’s largest owners, developers and
managers of collegiate housing. EDR is a self-administered and self-managed real
estate investment trust that currently owns or manages 59 communities in 23
states with more than 35,600 beds.
Safe Harbor Statement under
the Private Securities Litigation Reform Act of 1995
Statements
about the Company’s business that are not historical facts are “forward-looking
statements.” Forward-looking statements are based upon current expectations. You
should not rely upon our forward-looking statements because the matters that
they describe are subject to known and unknown risks and uncertainties that
could cause the Company’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” in our annual report on Form
10-K and under the caption “Item 2. Management’s Discussion and Analysis of
Financial Condition and Results of Operations” (or similar captions) in our
quarterly reports on Form 10-Q, and are described in our other filings with the
Securities and Exchange Commission. Forward-looking statements speak only as of
the date on which they are made, and the Company undertakes no obligation to
update publicly or revise any guidance or other forward-looking statement,
whether as a result of new information, future developments, or otherwise.