Education Realty Trust Closes Public Offering Of 17.25 Mln Shares

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8/17/2012 12:18 PM ET

Education Realty Trust, Inc. (EDR: Quote) 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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by RTT Staff Writer

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