PRO FORMA FINANCIAL INFORMATIONPro Forma Financial Information • September 7th, 2012 • Education Realty Trust, Inc. • Real estate investment trusts
Education Realty Operating Partnership, LP, a Delaware limited partnership (the “Operating Partnership”), which is the operating partnership subsidiary of Education Realty Trust, Inc., a Maryland corporation (the “Company”), purchased GrandMarc at Westberry Place, a 644-bed collegiate housing community on the campus of Texas Christian University in Fort Worth, Texas in December of 2011 for purchase price of $55.1 million. The Company assumed $36.9 million in debt as part of the transaction. The Operating Partnership also purchased University Village Towers, a 544-bed collegiate housing community at the University of California at Riverside in Riverside, California in September 2011 for a purchase price of $38.1 million. The Operating Partnership had a 10% equity investment in the entity that owned University Village Towers and also managed the property prior to the acquisition.
