MEMPHIS, Tenn., Feb. 23, 2017 /PRNewswire/ -- EdR (NYSE: EDR), one of the nation's largest developers, owners and managers of high quality collegiate housing communities, today announced it acquired 319 Bragg, serving Auburn University in Auburn, Ala.
Built in 2014, 319 Bragg includes 305 beds pedestrian to the Auburn campus in a mix of two-, three-, four- and five-bedroom floor plans. This highly amenitized community features a study lounge with individual study rooms, access gates, covered parking, 24 hour fitness center with locker rooms, resort style pool with cabanas and dog park.
"This community ranks among the finest in the Auburn market and strengthens our presence in the Southeast," said EdR president Tom Trubiana. "We are excited to have this community as a part of our portfolio."
Established in 1856, Auburn University has an enrollment of 28,290 which is up 11.4 percent since 2010. It has earned land-grant, sea-grant and space-grant research designations. It is regularly among the top 50 in U.S. News and World Report's annual public university rankings. Its programs in architecture, pharmacy, veterinary science, engineering, forestry and business are recognized as some of the best in the country.
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 88 communities with more than 45,800 beds serving 55 universities in 25 states. EdR is a member of the Russell 2000 Index, the S&P MidCap 400 and the Morgan Stanley REIT indices. For details, please visit the company's Web site at www.EdRtrust.com.
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