Lexington, Ky. — The University of Kentucky Board of Trustees has approved the next phase of the university’s on-campus housing revitalization that will bring the total number of beds delivered or currently under development to 6,504.
Berkeley, Calif. — EdR will soon begin construction on the redevelopment of Bowles Hall, a historic residential facility serving the University of California, Berkeley.
Memphis, Tenn. — EdR has made two recent additions: Sonja Harris as vice president of human resources, and Samantha Long as director of strategic planning and analysis.
Charlotte, N.C. — Campus Crest Group (CCG) has entered into an agreement with Clinton Group and its affiliated funds that will restructure the company’s board of directors.
Columbia, S.C. and Auburn, Ala. — EdR will use the combined price of $29.9 million to pay off some mortgage debt and pay down an outstanding balance on the REIT’s unsecured revolving credit facility.
Market Profile: Athens, Ga. Athens, Ga., is seeing new student housing being developed closer to campus. With an off-campus market that is aging, students are showing interest in new product.