Greystar to acquire EdR for about $4.6 bln
Greystar Real Estate Partners has agreed to acquire Education Realty Trust, a developer, owner and manager of collegiate housing communities. The value of the transaction is about $4.6 billion. The deal is expected to close in the second half of 2018. BofA Merrill Lynch is providing financial advice to EdR while J.P. Morgan Securities LLC is doing likewise for Greystar. In conjunction with this acquisition, Blackstone Real Estate Income Trust Inc and a Greystar affiliate will acquire a portfolio of off-campus student housing assets for $1.2 billion. Simpson Thacher is representing BREIT on this deal.
25 June 2018•6 mins read
