June 25, 2018 / 8:23 AM / 4 months ago

Greystar to buy Education Realty for about $4.6 bln including debt

June 25 (Reuters) - Greystar Student Housing Growth and Income Fund, an affiliate of Greystar Real Estate Partners, will buy Education Realty Trust Inc, an owner of collegiate housing communities, for about $4.6 billion including debt, Education Realty said on Monday.

Education Realty shareholders will receive $41.50 per share in cash. Under the deal, Education Realty will discontinue its regular quarterly dividends, it said. (Reporting by Kanishka Singh in Bengaluru; Editing by Gopakumar Warrier)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below