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
June 18, 2015 | EdR today announced that the company will release financial results for the second quarter of 2015 before the market opens on Thursday, July 30, 2015.
May 26, 2015 | EdR today announced two changes, effective June 1, 2015, within the finance department: J. Drew Koester to senior vice president of capital markets and investor relations, and Lindsey Mackie to Koester’s previous position of senior vice president and chief accounting officer.
April 29, 2015 | EdR today announced results for the quarter ended March 31, 2015.
April 15, 2015 | EdR announced today that its Board of Directors has approved a quarterly cash dividend of $0.36 per share of common stock. The dividend will be payable May 15, 2015 to shareholders of record as of April 30, 2015.
March 20, 2015 | EdR today announced that the company will release financial results for the first quarter of 2015 before the market opens on Wednesday, April 29, 2015.