Memphis-based Education Realty Trust renews UNC contract
April 25th, 2011 | by Velma Orr |Education Realty Trust has had its contract renewed for five years to manage Granville Towers, the University of North Carolina at Chapel Hill’s large housingmunity, the Memphis-basedpany said today.
The 1,328-bed, 363-unit housingplex sits on the edge of campus.
Education Realty Trust is one of the nation’s largest developers, owners and managers of collegiate housing.
At nearly 50 years old, Granville Towers is believed to be the first purpose-built, privatized collegiate housing in the United States.
EDR (as Allen and O’Hara) developed and built Granville Towers, and has managed the facilities ever since.
Chapel Hill Foundation Real Estate Holdings, an entity of The University of North Carolina at Chapel Hill Foundation, bought Granville Towers in 2009.
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Tags: Contract, Education Realty, Education Realty Trust, Realty Trust