Education Realty create joint venture for Minnesota university housing community EdR has executed agreements with GEM Realty Capital and Schenk Realty Group to jointly develop and own new off- campus collegiate housing at the University of Minnesota in Minneapolis. EdR will be a 50% owner and will manage the community on behalf of the joint venture.
Education Realty selected by Cornell for on-campus development EdR announced that the finance and buildings and properties committees of the Cornell University Board of Trustees recently approved EdR to develop, finance and construct on-campus housing tailored for graduate and professional students. EdR will also manage the more than $80M community upon its targeted summer 2018 completion. Cornell and EdR have executed a pre-closing agreement, and design and site planning are under way toward an expected fall 2016 groundbreaking and commencement of construction.