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EdR, Boise State University Unveils Work on Student Housing

Memphis, TN-based residential real estate investment trust (“REIT”) EdR EDR and Boise State University (“BSU”) inaugurated the beginning of work of Honors College and First-Year Residence Hall, costing around $40 million. This reflects the commitment of Boise State University towards academic excellence and success of the students. Further, by roping in EdR, which holds an impressive record of building student housing communities, Boise State University seems well poised to generate substantial long term benefits for the students.

The five-story, 236,000 square foot building, is slated to be completed in fall 2017. EdR has arranged the funds through its On-Campus Equity Plan,The ONE Plan. Notably, The ONE Plan utilizes the equity and financial stability of the company to finance projects on the university land.   

For EdR, the Honors College and First-Year Residence Hall will be an excellent addition to its portfolio. The company’s strategy of following shared goals has made the partnership with Boise State University fitting and highly beneficial for the students.

EdR currently carries a Zacks Rank #4 (Sell). Investors interested in the residential REIT industry may consider stocks like Bluerock Residential Growth REIT, Inc. BRG, Camden Property Trust CPT and Mid-America Apartment Communities Inc. MAA. While Bluerock Residential Growth REIT sports a Zacks Rank #1 (Strong Buy), both Camden Property Trust and Mid-America Apartment Communities hold a Zacks Rank #2 (Buy).

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EDUCATION RLTY (EDR): Free Stock Analysis Report
 
MID-AMER APT CM (MAA): Free Stock Analysis Report
 
CAMDEN PPTY TR (CPT): Free Stock Analysis Report
 
BLUERCK RG REIT (BRG): Free Stock Analysis Report
 
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