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
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.
September 9, 2014 | EdR today announced the promotion of Christine Richards to Executive Vice President and Chief Operating Officer from Senior Vice President and Chief Operating Officer. EdR also updated its fall 2014 pre-leasing statistics on Form 8-K and released an investor presentation in connection with upcoming investor meetings.
August 26, 2014 | EdR today confirmed its on-going commitment to leadership in corporate governance practices by announcing the approval and implementation of several shareholder-friendly corporate governance initiatives.
August 4, 2014 | EdR today announced that Bill Brewer has joined the company as executive vice president and chief financial officer effective immediately.
July 16, 2014 | EdR today announced the completed sales of two properties to two different companies for a combined price of $29.9 million.