Greystar chairman, CEO and founder Bob Faith Greystar chairman, CEO and founder Bob Faith

MEMPHIS, TN—Funds managed by an affiliate of Charleston, SC-based Greystar Real Estate Partners have closed on the $4.6-billion acquisition of Education Realty Trust (EdR), one of the nation’s largest developers, owners and managers of high-quality collegiate housing communities.

The announcement followed EdR stockholders’ vote to approve the merger at a meeting held Sept. 14. Pursuant to the transaction, EdR’s stockholders will receive $41.50 per share in cash. As a result of the transaction, EdR’s common stock ceased trading on the New York Stock Exchange effective before the market opened on Thursday.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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