University of Kentucky
SERVICES: EdR DEVELOPMENT • EdR FINANCING
Video Overview of the UK Campus Revitalization Development
University of Kentucky needed not only a development partner, but a financial partner to expand and revitalize the entirety of its student housing solution.
“Today marks what we hope and expect will be a transformative moment in the life of our university,” said Britt Brockman, chairman of UK’s Board of Trustees. “We are taking the first step, with the leadership of President Capilouto and the strong support of our board, toward revitalizing our campus core. The result long-term will be a flagship, land-grant institution that prepares Kentucky’s children to lead our Commonwealth toward even brighter days in the future.”
This housing renaissance is one aspect of fulfilling “The Kentucky Promise,” Capilouto’s initiative to revitalize the campus, enhance undergraduate education, offer more opportunities to young Kentuckians through scholarships and continue a nearly 150-year legacy of education, research and service to the Commonwealth.
The $25.8 million project is being financed through EdR’s On-Campus Equity Plan — the ONE PlanSM — which uses the company’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
April 17, 2014 | April 17, 2014 Investor Presentation
March 28, 2014 | EdR (NYSE: EDR), a leader in the ownership, development and management of collegiate housing, today announced that the company will release financial results for the first quarter of 2014 before the market opens on Monday, April 28, 2014.
March 25, 2014 | EdR (NYSE: EDR), a leader in the ownership, development and management of quality collegiate housing, today announced the appointment of John V. Arabia to the company’s Board of Directors, effective immediately. Arabia will serve as an independent director of the company.
January 17, 2014 | MEMPHIS, Tenn., January 17, 2014 – EdR (NYSE: EDR), a leader in the ownership, development and management of collegiate housing, today announced that the company will release financial results for the fourth quarter and full year 2013 before the market opens on Tuesday, February 18, 2014.
December 26, 2013 | EdR recently announced the promotion of several key executives: Brooke Daniel to associate director of operations for EdR’s University of Kentucky communities; James Kenner to vice president and senior director of interior design, and Liz Keough to senior vice president and general counsel along with the addition of Beth Pinder as vice president sales and marketing; and Terri Landwehr as director of accounting.