Student Housing Business Magazine Awards - 2016
Student Housing Business Magazine Awards 2016
- Best Implementation of Mixed-Use in a New Development or Renovation - Oaks on the Square at Storrs Center at the University of Connecticut
Student Housing Business Magazine Awards - 2015
Student Housing Business Magazine Awards 2015
- Best On-Campus Public-Private Partnership Development — Residential Revitalization at University of Kentucky
- Best On-Campus Vendor/Operator Solution — University of Kentucky
- Best Off-Campus Architecture/Design — Roosevelt Point at Arizona State University-Downtown Phoenix
- Best Off-Campus Vendor/Operator Solution — Portfolio-wide Lease Renewal Solution
Student Housing Business Magazine Awards - 2014
- Best On-Campus New Development - 2400 Nueces at the University of Texas at Austin
- Best On-Campus Public/Private Partnership Development - 2400 Nueces at the University of Texas at Austin
- Best Off-Campus Package and Offering of Amenities - The Retreat at State College, Pennsylvania State University (with Landmark Properties)
- Best On-Campus Vendor/Operator Solution - 929 Graduate Housing at Johns Hopkins Medical Institute
- Best Off-Campus Vendor/Operator Solution - University Towers, North Carolina State University
Student Housing Business Magazine Awards - 2013
Best Architecture and Design-ON CAMPUS — 929 at Johns Hopkins Medical Institute
EdR is honored that our architecture partner, Marks Thomas, was singled out for the work they did on our development at Johns Hopkins. This building is impressive inside and out.
Best Vendor/Operator Solution-ON CAMPUS — University Towers, North Carolina State University
Our ability to work with our partners to create winning solutions is evidenced with our third award in the Best Vendor/Operator Solution category. When presented a problem, the EdR team works with our vendor and/or our client to develop a solution that works for everyone. Often the results create an even better situation than before the problem.
Most Creative Public-Private Financing-ON CAMPUS — 929 at Johns Hopkins Medical Institute
This award marks the third straight year that EdR has won this award for innovation in financing, a major on campus development.
Student Housing Business Magazine Awards - 2012
Most Creative Public-Private Financing — Colorado State University-Pueblo
EdR nimbly responded to the acute market downturn that occurred in the midst of launching a second phase of upgraded collegiate housing as the first phase was commencing construction. While tax-exempt bonds had been the preferred option at the outset, the market downturn and concomitant rising costs of bond financing would have rendered the rents unaffordable for the university's working- and lower middle-class students. EdR first secured a long-term construction loan that would have to be replaced later by permanent financing. EdR began Phase 2's site testing and design on the heels of Phase 1's construction. As system financing became the obvious option for proceeding with Phase 2, EdR worked with the Colorado State University System to obtain system financing. The Phase 2 permanent financing through CSUS also took Phase 1 out of its construction loan. During Phase 2, and as a result of state procurement rules, EdR worked under a consulting agreement during the development process and as an agent for CSU-Pueblo, providing construction oversight. Prior to breaking ground, however, we had to put Phase 2's construction out to bid. On our compressed schedule, this was no small feat but it was accomplished successfully. Though unusual, we had two contractors working on separate phases of the project. Phase 1, Crestone Hall, was completed in fall 2009 for $15.6 million. Phase 2's Culebra and Greenhorn Halls were delivered in 2010 for $27 million. Both phases were completed early and under budget ($49.6 million total development cost). These collegiate housing communities have earned architectural awards as well as Leadership in Energy and Environmental Design (LEED) Gold status.
Best Vendor University Solution, On Campus — University of Louisville
The University of Louisville (UL) needed data similar to those EdR collected for on-campus collegiate housing it developed and managed for the university. In summer 2011, EdR and UL's Department of Housing and Residence Life began discussing how to integrate assessing both UL and EdR student satisfaction. UL and EdR already had successfully integrated marketing, joint license, transfers, assignment database, delinquent account process, resident assistant training and rent payments (including agreements with financial aid). To complete this seamless relationship, it made sense to combine assessment efforts. By doing so, EdR helped UL get the information it needed quickly and inexpensively. Offering the same survey tools to students and parents, UL and EdR gained the ability to compare outcomes across campus consistently, enhancing the data's usefulness. By joining forces, UL eliminated a duplication of effort, thus saving money. This solution also saved a significant amount of UL's time, precluding the need for a request for proposal process that would have been labor-intensive and taken months to complete. UL also did not have to spend the staff hours developing its own tool and running its own analyses.
Best Renovation of Existing Product, Off Campus — Granville Towers at the UNC Chapel Hill
Working together, Chapel Hill Foundation Real Estate Holdings, Inc., and EdR, as manager, began a renovation that revitalized the community and maximized occupancy. The $900,000 revitalization program covered the spectrum, from interior renovations to information technology (IT) upgrades, to a new brand and logo campaign. Through these coordinated efforts, in 2011 Granville Towers reached 100% occupancy for the first time in the past five years. With other upgrades to the property's food service and exterior stairwells, overall renovation costs totaled $1.5 million.
Best Vendor Operator Solution, Off Campus — GrandMarc at The Corner, UVa, Mobile Upgrade
EdR overcame an issue with Charlottesville's lack of cell coverage and service providers' delays in addressing the issue by being proactive and installing its own Distributive Antenna System. EdR's off-campus community has transformed from a dead zone to one with "five bars" for the major carriers in the market. Thus the safety and social concerns of our residents were addressed and "negative buzz" has been eliminated. Providing a long-term solution to the cell service issues helped to maintain customer satisfaction and created a positive buzz for the community in the market.
Student Housing Business Magazine Awards - 2011
Best Public/Private Partnership Development — “Residential Revival at IUP”
EdR systematically created 3,516 beds — the single largest privatized collegiate housing replacement program in the nation — while ensuring no loss of bed count as 11 older dorms were demolished. Through this successful public/private partnership 1.15 million square feet of suite-style accommodations in eight new living-learning and mixed-use buildings replaced obsolete and outmoded dormitories during the four-phase project. EdR oversaw the entire process through design, tax-exempt bond financing and construction (providing oversight as the owner's representative). The new residences are credited with greatly increasing applications, which had been declining at this flagship university of the Pennsylvania state system, and admissions. Enrollment at Indiana University of Pennsylvania is at an all-time high with an increase of more than 1,000 students.
Most Creative On-Campus Public/Private Financing — Syracuse University
EdR created a new financing approach, since imitated by others, to fulfill Syracuse's need for cutting-edge, on-campus upper-class housing to replace a 40-year-old, outmoded facility. The project became the foundation for EdR's innovative On-Campus Equity Plan — The ONE Plan℠ — and allowed Syracuse to use our equity and financial stability to develop and revitalize its on-campus housing. Using EdR's private equity allowed Syracuse to retain its borrowing capacity for academic buildings and a library. EdR's 50% equity allowed financing to be consummated despite a deteriorating national economy and financing market at the time. Based on this program's success, Syracuse has engaged EdR to develop graduate student housing, again leveraging the ONE Plan℠ for financing it.
Best On-Campus Bandwidth/Connectivity Solution — Syracuse University
EdR and its internet partner and contractor, Pavlov Media, earned this award for work the two companies completed to solve a bandwidth issue at University Village Apartments at Syracuse University.
Colorado State University at Pueblo
- Second Place in the Commercial Architecture category, 2010 Colorado Sustainable Design Awards
- Mountain States Construction magazine 2010 Gold Hard Hat award, Higher Education/Research Project (tie)
California University of Pennsylvania
- Western Pennsylvania Association of Builders and Contractors award
University Village Apartments, Syracuse University
- 2009 Best New Construction, Central New York Business Journal's "A Time to Build" Awards
Centennial Hall, State University of New York ESF
- 2012 Best Green Project
- Central New York Business Journal's "A Time To Build" awards
The Oaks on The Square at Storrs Center, University of Connecticut
- Award of Excellence (For Most Outstanding Project) 2016, Association of University Real Estate Officials
- Finalist, Urban Land Institute Global Awards for Excellence 2015
- Connecticut Main Street Center Award of Excellence in Planning 2015
- Associated Builders & Contractors, Connecticut Excellence in Construction Award 2013
- CREW-Connecticut Project of the Year and People’s Choice 2013
- Connecticut Building Congress Project Team Awards 2013
- Construction Managers Association of America, New England Chapter Project of the Year, under $30 million category 2013
- Connecticut Main Street Center Award of Excellence, Economic and Business Development 2013
- 2010 Connecticut Main Street Center Award of Excellence: Special Event for Festival on the Green
- 2015 Student Housing Project of the Year, MultiFamily Executive magazine
- 2014, Best in Real Estate, Student Housing Development, Minneapolis/St. Paul Business Journal, The Marshall at the University of Minnesota
929 Graduate Student Housing at Johns Hopkins Medical Institute
- 2014 Platinum Best in American Living Award, Student Housing, National Association of Home Builders
- 2013 Student Housing Project of the Year , Multifamily Executive magazine
- 2013 Multi-Housing News magazine Student Housing Project of the Year
- 2012 Creative Financing award from the Baltimore Business Journal
- 2012 WaveMaker award presented by the Urban Land Institute Baltimore District Council
The District on 5th
- 2014, Student Housing Silver Best in American Living Award, Tucson, Ariz., National Association of Home Builders
The Cottages on Lindberg at Purdue University
- 2013, Indiana Apartment Association, Best Community Designed for Student Housing, Cottages on Lindberg at Purdue University