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.
This partnership that began in December 2011 has already produced a 601-bed living-learning facility dedicated to UK’s Honors program — Central Hall I & II — which opened in summer 2013. Five buildings with 2,381 more beds are on track to open summer 2014.
This housing renaissance is one aspect of fulfilling “The Kentucky Promise,” Dr. 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 Plan — 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.
We hope you will enjoy this video which overviews these developments and looks at what’s to come in future years.
EdR IN THE NEWS
July 16, 2014 | EdR today announced the completed sales of two properties to two different companies for a combined price of $29.9 million.
July 15, 2014 | EdR announced today that its Board of Directors has approved a quarterly cash dividend of $0.12 per share of common stock.
July 1, 2014 | EdR a leader in the ownership, development and management of collegiate housing, today announced that the company will release financial results for the second quarter of 2014 before the market opens on Monday, July 28, 2014.
July 1, 2014 | EdR recently announced the promotion of Randy Simpson to Senior Vice President and Chief Information Systems Officer from Vice President of Information Systems.
June 24, 2014 | EdR today announced that it has closed its public offering of 24.495 million shares of its common stock, which includes the exercise in full by the underwriters of their option to purchase up to 3.195 million additional shares of common stock.