Thank you for sharing!

Your article was successfully shared with the contacts you provided.
EdR recently broke ground on SouthSide Commons with Lehigh University in Bethlehem, Pa.

MEMPHIS, TN–In a transaction that has been rumored for weeks, student housing REIT Education Realty Trust, or EdR, will be acquired by a fund affiliated with Greystar Real Estate Partners for $4.6 billion in cash, including debt.

The $41.50 per share purchase price represents a 26.3% premium over the 90-day volume-weighted average share price ending May 31, 2018 and a 13.6% premium over the May 31, 2018 closing share price, which was the last trading day before news stories speculating about the possible sale of EdR began circulating.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.