Education Realty downgraded to Neutral from Buy at UBS UBS downgraded Education Realty to Neutral citing valuation and an uncertain growth outlook beyond 2015. The firm lowered its price target for shares to $11 from $11.50.
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.