Education Realty Trust, Inc. (EDR) said Friday that it has closed the underwritten public offering of 17,250,000 shares of its common stock,
This offering includes 2,250,000 shares which were issued as a result of the underwriters' exercise of their option to purchase additional shares at the closing.
The company received about $180.9 million in net proceeds from the offering after deducting the underwriting discount and other estimated offering expenses.
BofA Merrill Lynch and KeyBanc Capital Markets served as joint book-running managers for the offering.
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