Education Realty remains its best idea, says RW Baird Baird said Education Realty remains its best idea following its investor day tours. The firm cited expected growth from the modernization of on campus housing and a disciplined balance sheet. Shares are Outperform rated with a $12 price target.
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.