University of Kentucky
SERVICES: EdR DEVELOPMENT • EdR FINANCING
This housing renaissance at the University of Kentucky(UK) has delighted students and administrators alike.
As you can see in this video, the students are thrilled with the living-learning aspects of the new on-campus housing developed, constructed and managed by EdR. They also love the apartments and living in a community “where everyone cares about each other.”
UK leadership is equally pleased.
Preliminary enrollment numbers for the 2014-2015 academic year show UK has enrolled its largest, most diverse and academically prepared first-year class in its history. Dr. Eli Capilouto, president of the University of Kentucky said investments in the campus are an example of a “promise made; promise kept” to the Commonwealth of Kentucky.
The UK Board of Trustees “understood the need to grow our enrollment thoughtfully and strategically, to find new and innovative ways to invest in our students, faculty and staff, and to make tangible, concrete steps toward being one of the handful of premier residential public research campuses in America,” Capilouto said.
The approximately $500 million on-campus revitalization is being financed through EdR’s On-Campus Equity Plan — the ONE Plan — which uses EdR’s equity and financial stability to fund projects on university-owned land. This gives the university access to a single, trusted partner and helps create substantial long-term financial benefits for UK and EdR.
EdR IN THE NEWS
October 15, 2014 | EdR announced today that its Board of Directors has approved a quarterly cash dividend of $0.12 per share of common stock.
September 29, 2014 | EdR today announced leasing results for the 2014/2015 lease term.
September 23, 2014 | EdR today announced that the company will release financial results for the third quarter of 2014 before the market opens on Monday, October 27, 2014.
September 22, 2014 | EdR today announced that Bob Earwood has joined the company as vice president of construction effective immediately.
September 17, 2014 | EdR today announced the completion of its purchase of The District on Apache — a collegiate housing community serving Arizona State University (ASU) in Tempe, Az. — for $89.8 million.