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YourCollegiateHousingPartner LeadershipInspiration andInnovation Everyindustryhasaperenialleader. InstudenthousingitsEdR. EdRexecutiveleadersareaccessibleandhighlyinvolvedwith everyon-campusdevelopment. lefttoright TomTrubianaPresident ChrisRichardsExecutiveVicePresidentandChiefOperatingOfficer RandyChurcheyChairmanoftheBoardandChiefExecutiveOfficer AllenOHara ConstructionCompany opensitsdoors. Createdstudenthousing whenitbuiltthefirst studenthotelat theUniversityof NorthCarolina. Createdthe individuallease TappedbyNorthwestern MutualLifeInsuranceCo. tomanageitsportfolio of16000student housingbeds Implemented DineAnytime foodservice amenity Introduced Community Assistantprogram foroff-campus privatized studenthousing 1952 1964 1970 1971 1987 1998 AsthecreatoroftheprivatizedcollegiatehousingindustryEdRshistoryofinnovationandleadershipisunprecedented.Formorethan 50yearsEdRhasbeenaleaderinthedevelopmentfinancingconstructionandmanagementofon-campusliving-learningcenters. Studenthousingisallwedo.WhenyouworkwithEdRyoull haveaccesstoindustryleadersatthehighestlevelandwork withexperiencedenergeticandinnovativepeoplewhoarewithexperiencedenergeticandinnovativepeoplewhoare yourpartners.Ateverylevelwecollaboratewithuniversity leadersandourpartnerstocreatedevelopandmanage on-campusstudenthousingthatsupportseachinstitutions strategicobjectives.strategicobjectives. EdRINDUSTRYEVOLOTION..................... ....................... Wehavenotfeltlikeaclientbutaspartnerswhere studentsuccessisthemostimportantthing. Dr.TimothySusickAssociateVicePresidentforStudentAffairs CaliforniaUniversityofPennsylvania Completedfirstofmany communitiesmorethan 14000bedstodate forthePennsylvaniaState SystemofHigherEducation PASSHE WentpublicasaREIT focusedsoleyon studenthousing CreatedtheONEPlanSM EdRsOn-Campus Equityprogram Slectedtopartner withtheUniversity ofKentuckyonthe largeston-campus housingreplacement projectintheU.S. Adoptedand brandedanew nameand identityEdR 2004 2005 2008 2011 2012 ............................................................. PartnershipforSuccess DEVELOPMENTFINANCING DESIGNCONSTRUCTIONOVERSIGHT MANAGEMENTRESIDENCELIFE Throughourcollaborationandalignmentofinterest EdRdeliveredonallofourexpectations. AmyWanamakerCampusDirectorofRealEstateUniversityofTexasatAustin Findtherightpeopletrustthepeopleandtrusttheprocess. Wealwaysendthedaywiththiscommonpurposestudentsuccess. Thatswhatitsallabout. Dr.EliCapiloutoPresidentUniversityofKentuckyDr.EliCapiloutoPresidentUniversityofKentucky Ouruniversitypartnersandtheirvisionsarethesourcesofourinnovation.Successfulpublic-private partnershipsemergefromunderstandingeachinstitutionsuniquechallengesandtransformingthem intoopportunitiesforinnovation.Wethriveinacademicenvironmentswithvisionaryleadershipand transformationalgoalsandsucceedwiththemasouralignedinterestsyielduniversitystrategic growthandstudentsuccess. Wearecommittedtoouruniversitypartnersandarealwaysstrivingtoleverageourexpertiseto supporttheirvision.supporttheirvision. 50yearsatUniversityofNorthCarolinaatChapelHill 25yearsatNorthCarolinaStateUniversity 10-yearrelationshipwiththePennsylvaniaStateSystemofHigherEducation Built18phasesat9differentuniversities 13500beds 849millionintax-exemptbondfinancing 50-yeargroundleaseandmanagementpartnerships50-yeargroundleaseandmanagementpartnerships 2developmentsatSyracuseUniversity 58millioninfinancingthroughEdRsOn-CampusEquityPlan TheONEPlanSM Multi-phasedevelopmentattheUniversityofKentuckyfinancedthroughTheONEPlanSM 25million601bedsopenedin2013 138million2381bedsopenedin2014 101million1610bedsonscheduletoopenin2015 83.9million1141bedsonscheduletoopenin2016 75-yeargroundleaseandmanagementpartnership 65-yeargroundleaseandmanagementpartnershipwiththeUniversityofTexas 63.9million655bedsopenedin2013 FinancedthroughTheONEPlanSM EdRsOn-CampusEquityplan Long-TermPartnerships Partnerships TrustinOur FinancialStrength DevelopmentCapacity 2.5billionrealestateinvestmenttrustREIT PubliclytradedontheNewYorkStockExchange Ownandormanageapproximately80communitiesacrosstheU.S. 107500bedsdevelopedconstructedoracquiredsince1964 2.4billionincollegiatehousingtransactionssince2000 Approximately80ofourdevelopmentsareoncampus Ownandormanageapproximately20000bedsinapproximately30on-campuscommunitiesOwnandormanageapproximately20000bedsinapproximately30on-campuscommunities 1.8billioninoncampusprivatizedhousingsince2000 Accesstocapital Lowdebt-to-enterprisevalue Unsecuredcreditfacility Asa2.5billioncompanywithanInvestmentGraderatingfromMoodysandSPEdRhasthefinancialcapacity todeliverwithoutpartneringwithothercompaniesorinvestmentfunds.Wehavetheuniquecapacityand experiencetocustomizeafinancingapproachtobestsuityourneeds. FinancingOptions Tax-exemptBonds Since2000EdRhasdeliveredmorethan1.5billionofon-campusstudenthousingaroundthenation nearly24000bedswithproject-specifictax-exemptbondfinancing.nearly24000bedswithproject-specifictax-exemptbondfinancing. EdREquity TheONEPlanSM EdRsOn-CampusEquityPlangivescollegesanduniversitytheopportunitytouse EdRsequityandfinancialstabilitytodevelopandorrevitalizecampushousingwhilepreserving theirfundsanddebtcapacityforotherprojects. EdRsUniversityPartnersAreAssuredMoodysHighestBenefitsPossible NoadverseimpactoncreditcapacityfromratingagencieshasbeenexperiencedatuniversitieswhereTheONENoadverseimpactoncreditcapacityfromratingagencieshasbeenexperiencedatuniversitieswhereTheONE PlanSM financingisprovidingmodernon-campushousing SyracuseUniversityTheUniversityofTexasatAustin andtheUniversityofKentucky. WewereverypleasedafewweeksagowhenwehadbothMoodysandStandardand Poorsoncampus...Theiroutlookforhighereducationoverallisnegative. Wewerestabletheymovedustopositivewhichyoudontfindtoooften. HowarewedoingallthesethingsFirstbyfocusingonqualityineverything wedoandthentakingadvantageofpartnerships.wedoandthentakingadvantageofpartnerships. Dr.EliCapiloutoPresidentUniversityofKentucky BenefitsofPartnershipwithaPublicCompany EdRsstatusasapubliccompanytradedontheNewYorkStockExchangestocksymbolEDRbringsmanybenefitstouniversities. Firstweassuretransparencybecausewemustoperatewithfullverifiabledisclosureofourhistoryabilitiesandfinancialperformance. Secondasalong-terminvestorwedonotdevelopbuildandmoveon.ThirdEdRsInvestmentGraderatingfromMoodysandSPprovidesaccess toanunsecureddebtmarket.Fourthasarealestateinvestmenttrustwewanttocreateandownpropertiesthatwillbringvaluetoourportfolioand stockholdersforalongtime.Ourcommunitiesarebuilttolastandbethebest. CustomizedDesign andConstruction Qualityprojectstoreinforceyourcampusbrand Collegeiswhereyoungpeoplemakefriendshipsthatlastalifetimedecidewhattheyregoingto bewhentheygrowupandoftimesmeettheirsoulmates.Thedesignandconstructionoftheir residencehallsshouldcontributethegatheringspacesinwhichstudentsmakefriendsaswellas thequietspacestothinkstudyandmakedecisions. AfteridentifyingtheuniversitysstrategicgoalsanddevelopingtheappropriateprogramEdRsAfteridentifyingtheuniversitysstrategicgoalsanddevelopingtheappropriateprogramEdRs designandconstructionteampartners thehighestcalibernationalthought-leadersandlocal implementationteammembers createthesedynamiccommunities. Togethertheycreateexteriorandinteriorenvironmentsthatfittheseneedsandsupportthecampusbrand. Honorsfirst-yearandliving-learningcommunities Upper-classresidencehallsandapartments Graduatestudentsfamilyfacultyandstaffcommunities Mixed-useresidentialretailandofficespace Diningrecreationparkingandotheressentialamenities Ourexperiencedconstructionoversightteamensuresprojectsaredeliveredinthemostefficientand cost-effectivemannerpossiblewithoutcompromisingquality.Tohelpensurestudentaffordability oursizecommandspreferredpricingfortheentireprojectalongwithuniquebulk-buyingbenefitsfor interiorsandfurnishings.ForexampleEdRpartnerswithTEMPUR-Pedic toprovidecustom mattressesforeachbedroom. Sincecollegiatehousingisourfocusweknowthaton-scheduledeliveryisessentialwehave forgedanindustry-leadingtrackrecordofon-timesuccess. EdRsfacilitiesandservicesofferedtoSyracuseUniversitystudentresidents aregoodqualityandtheapartmentsareinhighdemand EdRlistenedwelltotheuniversitysrequirementsandadapteditsplans anddeliverablesaccordingly. LouisMarccociaExecutiveVicePresidentandChiefFinancialOfficerSyracuseUniversity Committedto Sustainability SmartDesignSmartOperations EdRssustainabilitycredentialsareveryevidentat CentennialHallthefirston-campushousingforSUNYCollege ofEnvironmentalScienceandForestryrecognizedasoneofofEnvironmentalScienceandForestryrecognizedasoneof theworldsmosteco-friendlycampuses.EdRusedmodular buildingtechnologyrecycledmaterialswaste-minimizing processesnaturallightingrenewablerainwaterandnatural raingardenstoreflectthecollegescommitmenttothe environment.ItachievedaLEEDGolddesignationand todayisateachingandtouringhighlightfortheuniversity. EdRsSustainabilityTrackRecord 23150bedsofsustainablehousing developedsince2004 13EdRbuildingshaveorareontrack toreceiveLEEDSilverorGoldcertifications Morethan7000bedsheatedandcooled withgeothermaltechnologywithgeothermaltechnology 100ofouron-campusdevelopmentsmeet LEEDstandards On-CampusLEEDAchievementSince2004 13LEED CERTIFIED 8LEED SILVER 5LEED GOLD EdRsCommitmenttoAcademicOutcomes Ourunrelentingdedicationtostudentsuccessand theuniversitysmissionkeepstheEdRteamfocused onthequalityandeffectivenessofourmanagement andoperations. ....................... ....................... LivingArrangement GPA Retention OffCampus 2.50 76 OnCampus 2.86 83 Living-LearningCenters 3.26 88 ActualUKdata On-CampusLivingStudentSuccess Attheendoftheday buildingnewresidencehallsisonething buildingstrongrelationshipsintheprocess isquiteanother.EdRdoesboth extremelywell. Idontfeellikeaclient Ifeellikeapartner.Ifeellikeapartner. JimWims AssociateVicePresidentofResidenceLife UniversityofKentucky Student- Focused Management EdRsmanagementteamiscomprisedofadvanced-degreedstudent-lifeprofessionalswhoworkwitheachcampus tocustomizemanagementandoperationsplanssupportedbyhands-oncollaboratonandreportingplatformstoprovide ourpartnerswithcontinuousinformationandcommunication. ManagementStylesCustomizedtoMeetUniversityGoals EdRManagement Industry-leading Management Operation ResidenceLive UniversityOversight SeamlessCollaboration CombinedEdRUniversity Operations Staffing Training Programming One-StopShopforStudentsFamiliesOne-StopShopforStudentsFamilies SharedGovernance University-ResidenceLife EdRFacilitiesManagement SharedDuties Assignments Marketing CollectionsCollections TheCompany WeKeepUniversitiesinspireustocreatecommunitiesthat stimulatestudentsuccessenhancethecollegiateexperience andbuildmemoriestolastalifetime.Inshortwewantto exceedtheuniversitysandthestudentsexpectations. RandyChurcheyChiefExecutiveOfficer andChairmanoftheBoardEdR ArizonaStateUniversity AuburnUniversity BloomsburgUniversityofPennsylvania CaliforniaStateUniversityatSanMarcos CaliforniaStateUniversity-Sacramento CaliforniaUniversityofPennsylvania ClarionUniversityofPennsylvaniaClarionUniversityofPennsylvania ColoradoStateUniversity-Pueblo EastCarolinaUniversity EastStroudsburgUniversityofPennsylvania FloridaStateUniversity IndianaUniversityofPennsylvania JohnsHopkinsMedicalInstitute KentStateUniversityKentStateUniversity LockHavenUniversityofPennsylvania MansfieldUniversityofPennsylvania MichiganStateUniversity NorthCarolinaStateUniversity OhioStateUniversity OklahomaStateUniversity PennsylvaniaStateUniversity PurdueUniversity SaintLouisUniversity SalisburyUniversity SlipperyRockUniversityofPennsylvania SUNYCollegeofEnvironmentalScienceSUNYCollegeofEnvironmentalScience andForestry SyracuseUniversity TexasChristianUniversity TexasTechUniversity UniversityofAlabama UniversityofArizona UniversityofCaliforniaatBerkeleyUniversityofCaliforniaatBerkeley UniversityofCaliforniaatRiverside UniversityofCentralFlorida UniversityofCincinnati UniversityofColorado UniversityofConnecticut UniversityofFlorida UniversityofGeorgia UniversityofKentucky UniversityofLouisville UniversityofMichigan UniversityofMississippi UniversityofMissouriUniversityofMissouri UniversityofNorthCarolina UniversityofNorthCarolinaatGreensboro UniversityofNorthernColorado UniversityofNotreDame UniversityofOklahoma UniversityofSouthFlorida UniversityofTennesseeUniversityofTennessee UniversityofTexasatAustin UniversityofVirginia WestChesterUniversityofPennsylvania WichitaStateUniversity UniversityProfiles EdRCreatesDynamicLive-Learn CommunitiesatUniversities AcrosstheCountry ProjectDetails PhaseI-CentralHallHonorsCollege BedsUnits601309 Buildings2 GrossSize162096sf DeveloperEdR ManagerManagerEdR ResidenceLifeUK OwnerEdR CompletionSummer2013 Cost25.8million RoomStylesDouble-occupancysuites Amenities 3classrooms 2MultipurposeRooms 14StudyRooms Offices FinancingTheONEPlanSM 100EdRequity UniversityofKentucky HonorsCollegeKick-starts CampusTransformation TomeettheUniversityofKentuckysUKacademicandcommunity-buildinggoalsPresident EliCapiloutobelieveditwascriticaltocreatemoremodernon-campushousing.UKshousing teamfacedalmost300millionindeferredmaintenance.Seeingtheopportunitiesprovidedby housingprivatizationPresidentCapiloutospearheadedacompetitiveprocesstorevitalizenearly allon-campushousing. Alloftheuniversitysgoalsandobjectivesweremet.Thenewhousingwaspraisedinlocalmediaas usheringinanewerainwhichanunprecedentedpublic-privatepartnershipresultedinhundredsof millionsofdollarsofinvestmentinhigh-techlivingandlearningspacesthatwillbolsterstudent successthroughouttheinstitution. UniversityGoals RealizePresidentCapiloutosKentuckyPromise Modernizehousingforacompetitiveadvantage Replacevastmajorityofcurrenthousing Increaseinventoryto9000beds Attractthebrightestandbeststudents Fulfillliving-learningfacilityacademicmodelFulfillliving-learningfacilityacademicmodel Preservedebtcapacityforacademicpurposes Noadverseimpactoncreditrating StudentsparentscommunityleadershaveallravedwhentheyveseenUKsnew studenthousing.ItsthemostmodernlivingandIwouldsaylearningspaceyoucan findanywhere.UKhad3000applicantsforthefirst600bedsthatopenedinCentral Hallsothatconfirmsthestrongdemandweknewwasoutthere. Dr.EliCapiloutoPresidentUniversityofKentucky ProjectDetailsPhaseII-2014 ChampionsCourtIII WoodlandGlenIII HagginHall BedsUnits23811158 Buildings5 GrossSizeGrossSize880600sf DeveloperEdR ManagerEdR ResidenceLifeUK OwnerEdR CompletionSummer2014 Cost137.6million RoomStylesRoomStylesFour-persondouble-occupancysuites two-andfourbedroomsuites Amenities 1DiningHall 6Classrooms 67Living-LearningCenters 28MultipurposeRooms 26LoungeAreas26LoungeAreas 5Kitchens 6Laundries FinancingTheONEPlanSM 100EdRequity ProjectDetailsPhaseIII-2015 WoodlandGlenIIIIVV BedsUnits1610863 Buildings3 GrossSize596100sf DeveloperEdR ManagerManagerEdR ResidenceLifeUK OwnerEdR CompletionSummer2015 Cost101.2million RoomStylesTwo-bedroomsuites Amenities 4Classrooms4Classrooms 41Living-LearningCenters 10MultipurposeRooms 31LoungeAreas 4Kitchens 4Laundries FinancingTheONEPlanSM 100EdRequity100EdRequity UniversityofKentucky HousingTransformationSupports InstitutionalObjectives UKson-campushousingrevitalizationisthelargestandswiftest expansionincollegiatehousinghistorywithalmost6000bedstobe deliveredby2016onlyfiveyearsafterEdRwasselected. Thepartnershiphasutilizedanintegratedcampusplanningapproach todevelopuniqueresidentialcommunitiesdesignedtomeetLEED Silverrequirements. TheprojectsaremanagedinassociationwiththeUKresidencelife teamusingasharedgovernancemodelfocusedonfulfillingthe KentuckyPromiseandsupportingtheuniversitysenrollmentand recruitmenteffortsthroughthedevelopmentandprogrammingof high-qualityliving-learningcommunities. ThecommunitieshavebeenenthusiasticallyacceptedbystudentsThecommunitieshavebeenenthusiasticallyacceptedbystudents withapplicationsexceedingcapacityby200.Withthelearning- focusedspacesyieldingdividendstowardstudentsuccessandUKs institutionalobjectives IncreasedACTscore Top10NationalMeritscholarsamongpublicinstitutions Increasedretention Unprecedentedincreaseinapplications Increaseddiversity Morethan200increaseinliving-learningcommunity participation Ithinkthemostamazingthingaboutthis entirepartnershipistheresults Fromthe approvalofthearrangementataFebruary 2012boardmeetingtohavingstudentsliving infacilitiesin18monthsisimpressive andunprecedented. EricN.MondayExecutiveVicePresidentforFinance andAdministrationUniversityofKentuckyandAdministrationUniversityofKentucky ProjectDetailsPhaseIV-2016 LimestoneSquareIII BedsUnits1141494 Buildings2 GrossSize434170sf DeveloperEdR ManagerManagerEdR ResidenceLifeUK OwnerEdR CompletionSummer2016 Cost83.9million RoomStylesTwo-andfour-bedroomsuites Amenities 1Classroom1Classroom 24Living-LearningCenters 15LoungeAreas 10Kitchens 3Laundries FinancingTheONEPlanSM 100EdRequity ProjectDetails BedsUnits655304 Buildings116stories GrossSize386315sf DeveloperEdR ManagerEdR ResidenceLifeResidenceLifeEdR OwnerEdR CompletedSummer2013 Cost63.9million RoomStylesStudioone-two-three- andfour-bedroomunits Amenities UTsInternationalOfficeongroundlevel Granitecountertopsceramictile Attachedstructuredparking533spaces RobustinternetandWi-Fi Swimmingpool Fitnesscenter Rooftoppatiowithgrillingareas FinancingFinancingTheONEPlanSM 100EdRequity UniversityofTexasatAustin RepurposedPropertyYieldsRevenueand Award-winningStudentHousingCommunity TheUniversityofTexasUTwantedtomaximizethevalueofrealestate occupiedbyanoutdatedofficebuildingnearthecampuscore. EdRaccomplishedthatgoalbydevelopingasignaturehigh-riseatno expensetotheuniversity. Inadditiontoreceivingastunningpieceofarchitecture2400Nueces allowedUTtomeetitsgoalsto Provideincometotheuniversity Enhanceservicestostudentsgeneralpublic Supplystudenthousingtomeetmarketsneeds Thedevelopmentwasfinancedusing100EdRequity throughthecompanysOn-CampusEquityPlan TheONEPlanTheONEPlanSM .Thison-campusfinancingprogram allowsuniversitiestouseEdRsequityandfinancialstabilitytodevelop housingwhilepreservingtheirfundsanddebtcapacityforotherprojects. Sinceopeninginsummer20132400Nueceshassetthepaceforother areadevelopmentsinarchitecturaldesignandsustainability. Directlyacrossthestreetfromthewestentrancetothecampusitoffers apanoramicviewacrosscampustotheeastandHillCountrytothewestapanoramicviewacrosscampustotheeastandHillCountrytothewest fromtwodistinctivetowers. 2400Nuecesisawin-winforeveryone. UTisreceivingthevalueitdesiredfromtherealestateviatheground leasepaymentsitwillreceivefor60years.Studentsreceivequalitysafe modernandsustainablehousingwithtop-of-thelineamenitieswithin walkingdistancetoclassesaswellasoff-campusshoppingrestaurants andsomenightlife. Thecommunityreached100leasingthesummer2013.ItfilledupevenThecommunityreached100leasingthesummer2013.Itfilledupeven morequicklyforthe2014-15schoolyearattheendofOctober2013. ProjectDetails BedsUnits761217 Buildings3 GrossSize242079sf DeveloperEdR ManagerColoradoStateUniversity-Pueblo ResidenceLifeResidenceLifeColoradoStateUniversity-Pueblo OwnerColoradoStateUniversity-Pueblo CompletedSummer2011 Cost49.6million RoomStylesOne-two-andfour-bedroomunits Amenities Classrooms Computercenter Commongreatroomlobby Warmingkitchen Laundry Vending Socialloungeoneachresidentialwing FinancingColoradoStateUniversitySystem ColoradoStateUniversity-Pueblo MultipleResidenceHallsHelpTake CommuterCollegetotheNextLevel UniversityGoals Fulfilldemandforhousing Provideaffordablehousing Helpuniversitymovefromcommutercollegeimagetofull-service universitythatcouldservetheneedsofthepeopleinthatarea ofColorado ColoradoStateUniversity-PueblowasgrowingandreadytotakeagiantColoradoStateUniversity-Pueblowasgrowingandreadytotakeagiant stepforwardtoenhanceitson-campushousing.Duringadowneconomy EdRacquiredfundingforthisdevelopmentandthenexpeditedPhaseIto alleviatetheuniversitysintenseenrollmentpressure. Evenwiththeseconstraintstherewasnoskimpingonquality.Lodge-likeEvenwiththeseconstraintstherewasnoskimpingonquality.Lodge-like greatroomsineachofthethreecommunitiesareenhancedbystone mantlesconstructedwithrockfromthepeaksthatboardertheuniversity andprovidenamesfortheresidencehallsCrestoneCulebra andGreenhorn. Sincecompletingthemulti-phaseprojectin2010EdRhaswonawardsSincecompletingthemulti-phaseprojectin2010EdRhaswonawards andrecognitioninmanyareasincludingLEEDgoldstatusfromtheU.S. GreenBuildingCouncilthe2012StudentHousingBusinessmagazine InnovatorAwardforMostCreativeOn-CampusPublicPrivateFinancing andnumerousarchitecturaldesignawardsandprofiles. ProjectDetails BedsUnits35161475 Buildings4 GrossSize 1.15millionsf DeveloperEdR ManagerEdR ResidenceLifeResidenceLifeIUP OwnerIUP CompletedSummer200720082009 and2010 Cost241million RoomStylesSemi-suitesandsuites 50withprivatebedrooms AmenitiesAmenities Extensivecommunityspace Classroomsstudyandmeetingrooms Computerlabs Spaceforuniversityofficesand Wellnesscenter FinancingFinancingTax-exemptbonds IndianaUniversityofPennsylvania IndianaUniversityofPennsylvania ResidentialRevivalIncreasesQuantityand QualityofStudents UniversityGoals Increaseadmissionandretention AddressitslistingbyThePrincetonReviewasoneofthetopschools withdormslikedungeons Outdatedpoorlymaintaineddormitorieswerenegativelyimpacting studentinterestinIndianaUniversityofPennsylvaniaIUP. Throughapublic-privatepartnershipEdRreplaced11outdatedresidenceThroughapublic-privatepartnershipEdRreplaced11outdatedresidence hallsatIUPwitheightbuildingsthroughfourcarefullyplannedphases. ThisResidentialRevivalcreated3516beds1084bedsin2009and 596bedsin2010andreplacedobsoletedormitorieswithsuite-styleac- commodationsthatattractedandretainedmorestudents. Throughoutthefour-phasereplacementprogramEdRmaintaineda 3900-bedinventoryoncampussoIUPexperiencednolossof accommodationsasolderhousingwasdemolished.Morethan1million squarefeetofhousingopenedontimeandbelowbudget. Therapidreplacementoftheoutmodeddormitoriesgenerated tremendousstudentinterestintheschool Applicationsincreasedsignificantly. Enrollmentclimbedtorecordlevels. SATscoresareupduetoalargerpoolofapplicantsfrom whichtochoose.whichtochoose. Studentretentionisup. Theliving-learningprogramisfullydeveloped. TheResidentialRevivaldidmorethanimprovehousingon campus.Thebuildingsofferextensivemixed-usespacefor universityoffices about45000squarefeet includingtheUniversityHousingOfficeWellnessCenter InformationalTechnologySupportCentertheOfficeofSocial EquityandCivicEngagementtheAfricanAmericanCultural CentertheOfficeofInternationalEducationtheApplied ResearchLaboratoryandtheJohnP.MurthaInstituteforResearchLaboratoryandtheJohnP.MurthaInstitutefor HomelandSecurity. Tax-exemptbondstotaling241millionfinancedtheproject whichwascompletedunderbudgetatasavingsof1.54 millionforthelasttwophasesalone. Since2004EdRhascompletedmorethan14000bedsfor thePennsylvaniaStateSystemofHigherEducationPASSHE CaliforniaUniversityofPennsylvania ClarionUniversityofPennsylvaniatwodevelopments LockHavenUniversityofPennsylvania BloomsburgUniversityofPennsylvania SlipperyRockUniversityofPennsylvania IndianaUniversityofPennsylvania WestChesterUniversityofPennsylvania MansfieldUniversityofPennsylvaniatwodevelopments EastStroudsburgUniversityofPennsylvania twodevelopments EastStroudsburgUniversityofPennsylvaniaSlipperyRockUniversityofPennsylvaniaMansfieldUniversityofPennsylvania ProjectDetails BedsUnits572321 Buildings1with2towers GrossSize279900sf DeveloperEdR ManagerEdR ResidenceLifeResidenceLifeEdR OwnerEastBaltimoreDevelopmentInc. CompletedSummer2012 Cost60.7million RoomStylesStudioone-two-andfour- bedroomapartments Amenities Adjacentstructuredparking1400spaces Greenpark-likerooftop Fitnesscenter Conferenceroomandstudyloungeontopfloor FinancingEdRsONEPlanSM JohnsHopkinsMedicalInstitute PremierHousingforthe WorldsPremierMedicalInstitute UniversityGoals High-qualityproduct Recruitmedicalschoolstudents EnhancingtheoftenEnhancingtheoften-challenginglifestylesofgraduatestudentsisthegoal EdRmetwithaniconictowercenterpiececompletedforJohnsHopkins MedicalInstituteinBaltimoreMaryland.ToachievethisgoaltheNew EastBaltimorePartnershipselectedEdRtoworkwithForestCity EnterprisesandEastBaltimoreDevelopmentInc.EBDIondeveloping graduate-levelhousingtosupportthemedicalinstitute. Namedforitsaddressat929NorthWolfeStreetitwas financedwithacombinationofprivateEdRequitythroughfinancedwithacombinationofprivateEdRequitythrough itsOn-CampusEquityPlan TheONEPlanSM . TheEdRteamcompletedtheprojectaheadofscheduleinsummer2012. Itslocationandupscaleamenitieswerethefirstdrawingcardsforthe stunningbuildingdesignedtoblendintothefabricoftheJohnsHopkins campuswhilealsosettingthebarfornewdevelopmentsintheEast Baltimorearea.ButarobustinternetdirectlylinkedtotheJohnsHopkinsBaltimorearea.ButarobustinternetdirectlylinkedtotheJohnsHopkins MedicalInstitutehasenhanceditslivabilityandconvenienceforthe graduatestudentsandfellowswhoworkandstudyatJohnsHopkins. 929isreceivingsignificantrecognitionandawards 2014PlatinumBestinAmericanLivingAwardStudent HousingNationalAssociationofHomeBuilders 2014StudentHousingBusinessmagazineInnovatorawardfor BestVendorOperatorSolutiononcampusforseamless FiberOpticConnectiontoJohnsHopkinsinternetsystem 2013MultifamilyExecutivemagazineStudentHousing ProjectoftheYear 2013Multi-HousingNewsmagazineStudentHousing ProjectoftheYear 2013StudentHousingBusinessmagazineInnovatorawardfor BestArchitectureDesignformorethan200bedsoncampus 2013StudentHousingBusinessmagazineInnovatorawardfor MostCreativePublicPrivateFinancingoncampusMostCreativePublicPrivateFinancingoncampus ProjectDetails BedsUnits312191 Buildings1 GrossSize 171741sfincluding 5000sfofgroundfloorretail conveniencestoreand StarbucksStarbucks DeveloperManagerEdR CompletionFall2012 Cost29.74million RoomStylesStudioand1-2-and 4-bedroomunits Amenities StarbucksandConvenienceStore Fitnesscenter Studyclassrooms Mediaroom Outdoordeck Bedbathparity Upscalefinishesandgranitecountertops FinancingTheONEPlanSM SyracuseUniversity InnovativeHousingtoSupport LawSchoolExpansion Createhousingforincreasednumberoflawstudents EdRandSUleadershipcollaboratedtodefinetheunique Thenewhousingistailoredtolawschoolandgraduate studentswithitsemphasisonstudy.Theextrastudyspace andinteractionareasrepresentamajorsquarefootage investmentbuttheyenhancethelearningenvironment. Aground-floorgrocerystoreandStarbucksprovide convenienceforresidentsandothers.Thestudentsrankconvenienceforresidentsandothers.Thestudentsrank thisamenitysecondonlytolocation. ByusingEdRsequitySUsvisionbecamea realityatnocosttotheinstitutionandwithno impactonitsborrowingcapacity. BoththeuniversityandstudentsareverypleasedwiththeexcitingexteriorBoththeuniversityandstudentsareverypleasedwiththeexcitingexterior designapartmentlayoutsandamenitiesfocusedongraduatestudents. ProjectDetails StorrsCenter- TheOaksontheSquare BedsUnits500325 Buildings3 GrossSizeResidential344685sf DeveloperEdR MasterDeveloperLeylandAllianceLLC ManagerEdR OwnerEdR CompletionSummer201220132014 and2015 CostCost66.3million RoomStylesStudioone-two-andthree- bedroomapartments Amenities Privatelaundries Fauxwoodfloors Upscaleappliancesgranitecountertops ceramictileceramictile Structuredparking425spaces RobustinternetandWi-Fi Fitnesscenter Rooftoppatio FinancingEdRandLeylandAlliance Retail122829sf UniversityofConnecticut CreatingaTownSquarefora GreatUniversity UniversityGoals High-qualityproduct Provideupscalehousingforupper-classstudentsfacultystaff andvisitingVIPs Contributetothelivabilityandenjoymentoftheircollegetown DirectlyadjacenttotheUniversityofConnecticutEdRiscreatingtheheartDirectlyadjacenttotheUniversityofConnecticutEdRiscreatingtheheart ofacollegetownwithamixed-useretailandupscalehousing developmentinconjunctionwithmasterdeveloperLeylandAllianceLLC. Thefirstthreephasesarecompleteandafourthphaseisinconstruction onStorrsCenteratowncenterthatincludesretailrestaurantofficeand residentialcomponentsalongwithwalkwaysgreenspacesand conservationareasinMansfield. BuildingsarebeingconstructedtoexactingGreenBuildingstandardsasBuildingsarebeingconstructedtoexactingGreenBuildingstandardsas providedintheStorrsCenterSustainabilityGuidelines.Thedevelopment whichisservedbya425-spaceparkinggaragecreatesacenter appropriatetotheheartofagreatAmericancollegetown. EdRdevelopedownsandmanagestheapartmentsknownasTheOaks onTheSquare.Thehousingelementisrelievingpent-updemandfor upper-classstudentsuniversitystaffandalumnihousinginamarketthatupper-classstudentsuniversitystaffandalumnihousinginamarketthat needsqualityupscalehousing. StorrsCenterwonthe2013BuildingProjectoftheYearAwardfor NewConstructionunder30millionfromtheNewEnglandChapter ConstructionManagementAssociationofAmerica.Italsoreceived ConnecticutMainStreetCenters2013AwardsofExcellence recognizingrevitalizationefforts. Throughits50-yearhistoryEdRhaswonmyriadawardsfroma varietyoforganizations.ButtheStudentHousingBusinessmagazine InnovatorAwardsareespeciallysignificantbecausethewinnersare selectedbyourstudenthousingpeersforaccomplishmentsthat arespecificandmeaningfultoourindustry. WeareproudtohavewonmoreInnovatorAwardsthanany othercompaothercompany 15sincetheprogramsinceptionin2011. Thesignificanceofthesecategoriesandourperennialsuccess inpublicprivatepartnershipinnovationmakeanimportantstatement aboutthequalityproductsandservicesourteamprovidesand ourcommitmenttoconstantinnovationandimprovement forouruniversitypartners. 2014 BestOn-CampusNewDevelopment 2400NuecesattheUniversityofTexasatAustin BestOn-CampusPublicPrivatePartnershipDevelopment 2400NuecesattheUniversityofTexasatAustin BestOff-CampusPackageandOfferingofAmenities TheRetreatatStateCollegeatPennsylvaniaStateUniversitywithLandmarkProperties BestOn-CampusVendorOperatorSolution 929GraduateHousingatJohnsHopkinsMedicalInstituteforSeamlessFiberOptic ConnectiontoJohnsHopkinsInternetSystem BestOff-CampusVendorOperatorSolution UniversityTowersatNorthCarolinaStateUniversityforUtilitiesEnergyCost-SavingProgram 2013 MostCMostCreativePublicPrivateFinancing 929GraduateHousingatJohnsHopkinsMedicalInstitute BestOn-CampusArchitectureDesign 929GraduateHousingatJohnsHopkinsMedicalInstitute BestOff-CampusVendorOperatorSolution UniversityTowersatNorthCarolinaStateUniversityforMobileWebsitesDesignandRoll-out 2012 MostCMostCreativePublicPrivateFinancing MultiplePhaseOn-CampusHousingTransformationatColoradoStateUniversity-Pueblo BestOn-CampusVendorOperatorSolution MultipleHousingCommunitiesattheUniversityofLouisvilleforResidentSatisfactionProgram BestRenovationofExistingOff-CampusProduct GranvilleTowersattheUniversityofNorthCarolinaatChapelHill BestOff-CampusVendorOperatorSolution GrandMarcGrandMarcatTheCornerattheUniversityofVirginiaforPhoneandWi-FiConnectionUpgrade 2011 BestOn-CampusPublicPrivatePartnershipDevelopment HousingRevitalizationatIndianaUniversityofPennsylvania MostCreativeOn-CampusPublicPrivateFinancing UniversityVillageonColvinatSyracuseUniversity BestOn-CampusVendorOperatorSolution UniversityUniversityVillageonColvinatSyracuseUniversityforBandwidthConnectivity OfallourpartnershipsIthinktheonethathasbeen mostgratifyingtoushasbeentheonewithEdR. Dr.EliCapiloutoPresidentUniversityofKentucky TheBestofEverythinginCollegiateHousing Ifyouareinterestedinpartneringwithacollaborativeand innovativeteamthatcandeliveryourcollegiatehousingvision simplycallJulieSkolnickiat901-259-2553. EdRtrust.com 999S.ShadyGroveRoadSuite600 MemphisTN38120MemphisTN38120 901-259-2500