This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

EdR Closes Financing And Begins Construction Of On-campus Development At West Chester University

EdR (NYSE:EDR), a leader in the ownership, development and management of collegiate housing, today announced the closing of financing and commencement of construction on a $57.5 million third-party collegiate housing development on the campus of the West Chester University of Pennsylvania (WCU) in West Chester, Pa.

“We are proud to have been selected by West Chester University Foundation to partner with them again as they continue to enhance and grow their student housing,” said Randy Churchey, president and chief executive officer of EdR. “This will be our 19th development within the Pennsylvania State System of Higher Education and we are very pleased to continue our successful track record at WCU.”

This development continues the university’s Housing Renewal Initiative that began in 2001 to renovate student housing on West Chester University’s campus.

The new housing — named Commonwealth Hall — will be complete by the summer of 2014. It will provide 653 beds in a variety of floor plans from single-occupancy apartments to shared-living suites for up to six residents. Amenities will include fitness center, study lounges and a full residence life program. The university’s Student Health Services, Counseling Center and Emergency Medical Services will be on the lower level of this eight-story building.

“We are excited to continue this initiative to revitalize our campus,” said Rich Przywara, executive director of the West Chester University Foundation. Commonwealth Hall will be owned by University Student Housing LLC, a subsidiary of the West Chester University Foundation, which has constructed and currently operates 2,311 beds in five residence halls on campus.

“As high school students visit our university, they will see a welcoming and attractive campus that complements our academic reputation,” added Przywara. “This combination is everything young people could want from their college experience.”

“Prospective students visiting the University will see a very attractive campus that complements our academic reputation,” says West Chester University President Greg Weisenstein. “This new residence hall will help us to continue offering the best possible collegiate experience for our students in and outside the classroom.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,072.11 -63.61 -0.35%
S&P 500 2,093.79 -7.25 -0.35%
NASDAQ 4,975.3910 -7.4180 -0.15%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs