EdR (NYSE:EDR), one of the nation’s largest developers, owners and managers of collegiate housing, has entered into a non-exclusive agreement to place Shop24 automated convenience stores on select EdR properties. Trial locations will be installed at The Commons on Kinnear in Columbus, Ohio, and East Edge in Tuscaloosa, Ala.
Shop 24 stores are automated, self-service, stand-alone facilities that can dispense a variety of products from pencils to cookie dough, from shaving razors to aspirin. The products are selected for each location based on consumer marketing studies and surveys.
By partnering, EdR and Shop 24 will provide another innovative and convenient service to on- and off-campus collegiate residents across the country. The stores are conveniently located and offer a safe environment when residents need to make a last-minute purchase or even satisfy that craving for something sweet when other stores are closed.
“Shop24 gives our residents easy access to an abundance of products anytime, day or night,” said Scott Casey, EdR’s senior vice president of strategic business development and chief technology officer. “Offering a unique solution of this nature is considered an important amenity for our residents.”“EdR’s communities represent the best-in-class for private collegiate housing at universities across the country,” said Matt McGovern, chief executive officer of Shop24 Global. “The Shop24 automated convenience store will be a welcome addition for students at these communities, providing unparalleled selection and convenience in a ‘non-traditional’ convenince store format, the fastest-growing segment of the convenience store market according to the National Association of Convenince Stores.” About EdR: EdR (NYSE:EDR) is one of America's largest owners, developers and managers of collegiate housing. A self-administered and self-managed real estate investment trust, EdR owns or manages 71 communities in 24 states with nearly 39,700 beds. For more information, please visit the company's web site at www.EdRtrust.com. About Shop24 Global: Shop24 is the market-leading, self-contained, totally automated and refrigerated convenience store designed to enable 24/7 accessible consumer purchasing. Easy, safe, reliable and immediate, a Shop24 automated convenience store delivers more than 200 items ranging in weight from 1 ounce to 10 pounds in a well-lit, security-camera-monitored environment. A Shop24 can be placed anywhere outdoors or indoors, bringing ultra-convenience right to the consumer. To learn more about Shop24, please visit the website: www.shop24global.com or call: 866-973-2424.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts