See how the University of Kentucky partnered with Greystar to transform their campus.
Historic Bowles Hall Experiences New Life with EdR and the Bowles Hall Foundation
SERVICES: EdR DEVELOPMENT
Opened in 1928, the 8-story, castle-like building is on the National Register of Historic Places and features 192 beds and 118 units. EdR worked with the Bowles Hall Foundation to preserve the historical integrity of the architecture, while updating the landmark. It features an entirely new systems infrastructure and significant seismic and life safety improvements.
Our Campus Transformation Fuels Kentucky Economy
SERVICES: EdR DEVELOPMENT
The on-campus housing and development activity at the University of Kentucky has created a transformation unlike any other in higher education. One that has positively affected the student body and driven economic development for the state.
EdR IN THE NEWS
February 14, 2019 | EdR one of the nation’s largest developers, owners and managers of high-quality collegiate housing communities, ceased trading on the NYSE in September 2018 as the result of a take private transaction by Greystar Student Housing Growth and Income Fund, LP (“GEdR”), an affiliate of Greystar Real Estate Partners, in an all-cash transaction that was valued at approximately $4.6 billion, including debt to be assumed or refinanced. Under the terms of the merger agreement, which was unanimously approved by EdR’s Board of Directors, EdR’s stockholders received $41.50 per share in cash.
November 12, 2018 | Greystar today announced that Randy Churchey, who joined Greystar following its acquisition of EdR, is leaving the company on November 30, 2018, to pursue other opportunities. Bill Brewer, Executive Director at Greystar, will assume leadership of Greystar’s student platform and will be responsible for the centralized Memphis team.
September 20, 2018 | EdR today announced the completion of the previously disclosed acquisition led by funds managed by an affiliate of Greystar Real Estate Partners. The announcement follows EdR stockholders’ vote to approve the merger at a meeting held September 14, 2018. The total transaction value is approximately $4.6 billion.
September 17, 2018 | EdR today announced that at the special meeting of EdR stockholders held today, stockholders voted to approve the proposed merger of EdR with GSHGIF REIT, an affiliate of Greystar Real Estate Partners, LLC (“Greystar”), pursuant to the merger agreement dated June 25, 2018.
June 25, 2018 | EdR today announced that it has entered into a definitive merger agreement to be acquired by a newly-formed, perpetual-life fund, Greystar Student Housing Growth and Income Fund, LP (“GEdR”), an affiliate of Greystar Real Estate Partners, in an all-cash transaction valued at approximately $4.6 billion, including debt to be assumed or refinanced.