Education Realty Trust Inc.
530 Oak Court Drive
Suite 300
Memphis,
TN 38117
United States - Map
Phone: 901-259-2500
Fax: 901-259-2594
Web Site: http://www.educationrealty.com
| Education Realty Trust, Inc., a real estate investment trust (REIT), engages in the development, acquisition, ownership, and management of student housing communities located near university campuses in the United States. It also provides third-party management services, including residence life and student development, marketing, leasing administration, strategic relationships, information systems, and accounting services for student housing communities owned by educational institutions and charitable foundations. In addition, the company offers third-party development consulting services, such as market analysis and evaluation of housing needs and options; co-operation with university in architectural design; negotiation of ground lease, development agreement, construction contract, architectural contract, and bond documents; oversight of architectural design process; co-ordination 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. It provides its third-party development consulting services primarily to universities seeking to modernize their on-campus student housing communities, as well as to other third-party investors. As of December 31, 2008, the company owned 40 student housing communities located in 18 states containing 24,991 beds in 7,598 apartment units located near 34 universities. It also provided third-party management services for 20 student housing communities located in 9 states containing 10,656 beds in 3,350 apartment units at 16 universities. The company qualifies as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal corporate income tax if it distributes at least 90% of its REIT taxable income to its stockholders. The company was founded in 1964 and is based in Memphis, Tennessee. |
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| Key Statistics |
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| | Pay | Exercised | Mr. Paul O. Bower , 66
Exec. Chairman, Chief Exec. Officer and Pres |
$
646.00K | N/A | Mr. Randall H. Brown , 51
Chief Financial Officer, Exec. VP, Sec. and Treasurer |
$
454.00K | N/A | Mr. Thomas J. Hickey , 63
Sr. VP of Operations and Sr. VP of Allen & O'Hara Education Services Inc |
$
245.00K | N/A | Mr. Craig L. Cardwell , 59
Exec. VP and Pres of Allen & O'Hara Education Services Inc |
$
339.00K | N/A | Mr. Thomas Trubiana , 57
Chief Investment Officer and Sr. VP |
$
351.00K | N/A |
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Dollar amounts are as of
31-Dec-08
and compensation values are for the last fiscal
year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of
options exercised during the fiscal year.
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1.23% Nasdaq 
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