Education Realty Trust Inc. (NYSE:EDR), a leader in the ownership, development and management of collegiate housing, today announced it completed the sale of five collegiate housing communities that were previously disclosed in 2010, for a total price of $46.1 million.

The dispositions included The Chase at Murray in Murray, Ky.; Clemson Place in Clemson, S.C.; The Reserve at Martin in Martin, Tenn.; The Reserve at Jacksonville in Jacksonville, Ala.; and Troy Place in Troy, Ala. In total the company received approximately $29.7 million in net proceeds after repayment of related debt of $16.1 million and other closing costs.

About Education Realty Trust

Education Realty Trust, Inc. (NYSE:EDR) is one of America's largest owners, developers and managers of collegiate student housing. EDR is a self-administered and self-managed real estate investment trust that, with this sale, owns or manages 54 communities in 23 states with more than 33,600 beds within more than 10,600 units. For more information please visit the company's website at www.educationrealty.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements about the Company's business that are not historical facts are "forward-looking statements." Forward-looking statements are based on current expectations. You should not rely on our forward-looking statements because the matters they describe are subject to known and unknown risks and uncertainties that could cause the Company's future results, performance, or achievements to differ significantly from the results, performance, or achievements expressed or implied by such statements. Such risks are set forth under the captions "Item 1A. Risk Factors" and "Forward-Looking Statements" in our annual report on Form 10-K and under the caption "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations" (or similar captions) in our quarterly reports on Form 10-Q, and as described in our other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update publicly or revise any guidance or other forward-looking statement, whether as a result of new information, future developments, or otherwise.

Education Realty Trust
Randall H. Brown, 901-259-2500
Executive Vice President, CFO & Treasurer
rbrown@edrtrust.com
or
Susan Jennings, 901-259-2506
Public Relations
sjennings@edrtrust.com