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EdR Announces Leasing Results for 2014/2015 Academic Year

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EdR (NYSE:EDR) , a leader in the ownership, development and management of collegiate housing, today announced leasing results for the 2014/2015 lease term.

EdR’s same-community portfolio opened the 2014/2015 lease term 96.3% occupied compared to an opening occupancy of 94.3% in the prior year. In addition, same-community net rental rates increased 2.0% over the prior year.

“We are proud to announce the end of another leasing season with strong, industry leading, same-community revenue growth of 4%,” stated Christine Richards, executive vice president and chief operating officer. “Our operations team has been able to capitalize on our strong portfolio of communities and the high quality assets we continue to add through our development pipeline. It is exciting to see our continued focus on residents, processes and market information culminate in strong growth for our shareholders.”

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 77 communities with nearly 43,000 beds serving 58 universities in 23 states. For details, please visit the company’s Web site at www.EdRtrust.com.

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