Greystar to buy Education Realty in $4.6 billion deal

(Reuters) - Education Realty Trust Inc , a developer of student housing, said on Monday it would be acquired by an affiliate of Greystar Real Estate Partners for about $4.6 billion, including debt. Education Realty shareholders will receive $41.50 per share in cash from Greystar Student Housing Growth and Income Fund, a 1.6 percent premium to the company's closing price on Friday. Education Realty shares have gained about 12 percent since June 1 after the Wall Street Journal reported that the company was exploring a sale

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