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Education Realty Trust, Inc. (EDR)

10.66 Sep 17, 4:01PM EDT
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Education Realty Trust, Inc.
999 South Shady Grove Road
Suite 600
Memphis, TN 38120
United States - Map
Phone: 901-259-2500

Index Membership:N/A
Industry:REIT - Residential
Full Time Employees:1,288

Business Summary 

Education Realty Trust, Inc., a real estate investment trust (REIT), develops, acquires, owns, and manages 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, 2009, the company owned 40 student housing communities located in 19 states containing 25,454 beds in 7,813 apartment units located near 35 universities. It also provided third-party management services for 20 student housing communities located in 9 states containing 10,186 beds in 3,272 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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Corporate Governance 
Education Realty Trust, Inc.’s ISS Governance QuickScore as of Sep 1, 2014 is 2. The pillar scores are Audit: 10; Board: 2; Shareholder Rights: 4; Compensation: 2.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Randall L. Churchey CPA, 53
Chief Exec. Officer, Pres, and Director
Ms. Christine J. Richards , 44
Chief Operating Officer and Exec. VP
Mr. Thomas Trubiana , 62
Chief Investment Officer and Exec. VP
Mr. J. Drew Koester CPA, 43
Chief Accounting Officer, Sr. VP, and Assistant Sec.
Mr. Edwin B. Brewer Jr., CPA, 51
Chief Financial Officer, Exec. VP, and Treasurer
Amounts are as of Dec 31, 2013 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.
Currency in USD.
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