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EdR To Develop, Own And Manage New Off-Campus Housing At Duke University

Completing the team with EdR and Javelin 19 are lead architect JDavis Architects of Raleigh, N.C., civil engineer John R. McAdams of Durham, N.C. and Clancy & Theys Construction Co. of Wilmington, N.C.

About Javelin 19 Investments

Washington, D.C.-based Javelin 19 invests in and develops multi-family and commercial real estate in the mid-Atlantic region. Founded by Duke alumna Jill Homan and Kevin Hill, Javelin 19 targets acquisitions and developments in the $5M to $50M range. The company principals pursue both on- and off-market opportunities using their extensive industry network and partner with experienced management companies and equity investors. For details, please visit the company's Web site at www.javelin19.com.

About EdR

EdR (NYSE:EDR) is one of America's largest owners, developers and managers of collegiate housing. EdR is a self-administered and self-managed real estate investment trust that owns or manages 67 communities in 24 states with more than 37,000 beds. For details, please visit the company's Web site at www.EdRtrust.com .

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements about the company's business that are not historical facts are “forward-looking statements.” Forward-looking statements are based on current expectations. You should not rely on our forward-looking statements because the matters they describe are subject to known and unknown risks and uncertainties that could cause the company's future results, performance, or achievements to differ significantly from the results, performance, or achievements expressed or implied by such statements. Such risks are set forth under the captions “Item 1A. Risk Factors” and “Forward-Looking Statements” in our annual report on Form 10-K and under the caption “Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations” (or similar captions) in our quarterly reports on Form 10-Q, and as described in our other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the dates on which they are made, and the company undertakes no obligation to update publicly or revise any guidance or other forward-looking statement, whether as a result of new information, future developments, or otherwise.

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