Student Housing REIT EdR Finds External Growth Opportunities

Randy Churchey, president and CEO of student housing REIT EdR (NYSE: EDR), joined REIT.com for a CEO Spotlight video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.

Churchey said external growth through on-campus development is “our most exciting opportunity.” Demand is coming from universities that are running low on funds and have aging housing stock that needs to be upgraded to recruit new students, he explained.

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InvenTrust Focusing on Retail and Student Housing Real Estate

With a new name and a pared-down portfolio, InvenTrust Properties Corp. plans to continue to shed assets as it narrows its focus down to its two primary sectors of open air retail and student housing real estate.

InvenTrust announced in April that it was changing its name from Inland American Real Estate Trust, Inc., after becoming self-managed in 2014. The name change also followed the spin-off of its Xenia Hotels & Resorts, Inc. (NYSE: XHR) lodging platform in February.

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EdR CEO Sees Student Housing REITs Increasing Market Share

Randy Churchey, president and CEO of EdR (NYSE: EDR), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

EdR is one of the largest developers, owners and managers of collegiate housing communities in the United States. Recently, the company completed the purchase of The District on Apache, a collegiate housing community at Arizona State University (ASU), for approximately $ 90 million.

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