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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