Texas A & M University-Commerce and EdR Welcome Students to Newest On-Campus Residence Hall
MEMPHIS, Tenn., Sept. 21, 2017 /PRNewswire/ -- EdR (NYSE: EDR), one of the nation's largest developers, owners and managers of high quality collegiate housing communities, announces the opening on August 23 of a new third-party residence hall development on the campus of Texas A&M University-Commerce in Commerce, Texas. In 2017, EdR will add nearly $300 million in assets to its owned portfolio and deliver nearly $100 million in third-party developments.
"We are very excited to add this new residence hall for our students and it will be a wonderful addition, ensuring that we continue to put our students first by increasing the available on-campus living options," said Alicia Currin, Texas A&M-Commerce's vice president of business and administration.
The approximately 137,000 square-foot, 490-bed community is a freshman-only residence hall designed to foster a sense of community for first-year college students. It provides private study rooms, several communal areas, laundry facilities (with smartphone app monitoring capabilities), robust internet and Wi-Fi throughout the building.
"The latest phase of on-campus housing at Texas A&M University-Commerce will certainly help solidify the university's already stellar reputation in the Dallas-Fort Worth Metroplex," said EdR president Tom Trubiana. "With the latest features in high-quality student housing, as well as double and single-bedroom units and centralized private bathrooms, the newest phase of housing will definitely enhance the collegiate experience for current and future Texas A&M-Commerce students."
Founded in 1889, Texas A&M University-Commerce is comprised of five colleges awarding degrees in 100 fields of study. Its enrollment has grown nearly 31 percent over the last decade due to its academic programs and convenient location to the Dallas-Fort Worth Metroplex.
About EdR
EdR (NYSE: EDR) is one of America's largest owners, developers and managers of collegiate housing. EdR is a self-administered and self-managed real estate investment trust that owns or manages 87 communities with more than 46,000 beds serving 54 universities in 26 states. EdR is a member of the Russell 2000 Index, the S&P MidCap 400 and the Morgan Stanley REIT indices. For details, please visit the company's Web site at www.EdRtrust.com.
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Statements about the company's business that are not historical facts are "forward-looking statements." Forward-looking statements are based on current expectations. You should not rely on our forward-looking statements because the matters they describe are subject to known and unknown risks and uncertainties that could cause the company's future results, performance, or achievements to differ significantly from the results, performance, or achievements expressed or implied by such statements. Such risks are set forth under the captions "Item 1A. Risk Factors" and "Forward-Looking Statements" in our annual report on Form 10-K and under the caption "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations" (or similar captions) in our quarterly reports on Form 10-Q, and as described in our other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the dates on which they are made, and the company undertakes no obligation to update publicly or revise any guidance or other forward-looking statement, whether as a result of new information, future developments, or otherwise, unless required by law.
SOURCE EdR
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