EdR Declares Quarterly Dividend

  EdR Declares Quarterly Dividend

Business Wire

MEMPHIS, Tenn. -- January 17, 2013

EdR (NYSE:EDR), one of the nation’s largest developers, owners and managers of
collegiate housing, today announced that its board of directors has approved a
quarterly cash dividend of $0.10 per share of common stock. The dividend will
be payable February 15, 2013, to shareholders of record as of January 31,

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 containing over 37,000
beds in 24 states. For more information please visit the company's web site at

Safe Harbor Statement under the Private Securities Litigation Reform Act of

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.


Randall H. Brown, Executive Vice President, CFO & Treasurer, 901-259-2500
Susan Jennings, Public Relations, 901-259-2506
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