Education Realty announces CFO Brown's departure EdR announced that executive vice president and CFO Randall Brown has resigned effective June 30 in order to pursue other business opportunities. The financial affairs of the company will be managed by the existing executive management team until a successor CFO is appointed. The company has engaged Spencer Stuart, an executive search consulting firm, to evaluate internal and external candidates for its new CFO. The company will conduct a thorough and prudent search and announce a successor once a qualified candidate is identified.
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.