| | Call Details | Education Realty Trust Inc Earnings Conference Call (Q1 2008) Tue,
Apr 29, 2008, 10:00 am Eastern
| | About EDUCATION REALTY TRUST INC
(NYSE:EDR) |
| | Education Realty Trust, Inc., a real estate investment trust (REIT), engages in the acquisition, ownership, leasing, and management of student housing communities near university campuses in the United States. As of December 31, 2006, the company owned 40 student housing communities located in 17 states containing 26,019 beds in 7,953 apartment units located near 33 universities. It also provides third-party management services for student housing communities owned by educational institutions, charitable foundations, and others. The companys management services cover various aspects of operations, including residence life and student development, marketing, leasing administration, strategic relationships, information systems, and accounting services. In addition, it offers third-party development consulting services primarily to universities seeking to modernize their on-campus student housing communities. Its development consulting services include market analysis and evaluation of housing needs and options; cooperation with university in architectural design; negotiation of ground lease, development agreement, construction contract, architectural contract, and bond documents; oversight of architectural design process; coordination of governmental and university plan approvals; oversight of construction process; design, purchase, and installation of furniture; pre-opening marketing to students; and obtaining final approvals of construction. The company qualifies as a REIT for federal income tax purposes. As a REIT it would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 1964 and is based in Memphis, Tennessee. |
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