NORMAN, OK-EdR, a real estate investment trust based in Memphis, has bought The Reserve on Stinson, a student housing complex consisting of 612 beds in Norman near the University of Oklahoma. The company has acquired the 90% stake controlled by its joint venture partner.
The housing complex, developed in 2004, is 97.5% occupied. It comprises two-, three- and four-bedroom units with private baths and bedrooms. EdR was formerly called Education Realty Trust Inc. For the full story, go to Memphis Business Journal .
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