M&A 2018 Annual Review

EdR Morrison & Foerster represented real estate investment trust EdR, one of the nation’s largest developers, owners, and managers of high-quality collegiate housing communities, in its $4.6 billion sale to a perpetual life vehicle led by an affiliate of Greystar Real Estate Partners. The transaction provided EdR shareholders with a beneficial result, expands Greystar’s student housing portfolio, and provides opportunities for its university partners to expand their on-campus housing. “NOT ONLY WAS THE SALE BENEFICIAL TO EDR’S SHAREHOLDERS, BUT JOINING FORCES WITH GREYSTAR WILL ALSO BENEFIT OUR RESIDENTS, UNIVERSITY PARTNERS AND EMPLOYEES. THIS TRANSACTION GREATLY EXPANDS GREYSTAR’S U.S. STUDENT HOUSING PORTFOLIO AND OPENS UP EVEN MORE OPPORTUNITIES FOR OUR CURRENT AND FUTURE UNIVERSITY PARTNERS WHO ARE LOOKING AT EXPANDING THEIR ON-CAMPUS HOUSING THROUGH PUBLIC-PRIVATE PARTNERSHIPS (P3).” Randy Churchey, CEO and Chairman of the Board of Directors, EdR MORRISON & FOERSTER 2018 M&A ANNUAL REVIEW 14