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Specifically, EdR will enjoy 70% ownership and management of the $51.9-million development. This community will lead to the addition of 537 pedestrian-to-campus beds in a combination of studio, one-, two-, three- and four-bedroom floor plans to the EdR portfolio. The company is planning for a summer 2018 delivery. The project will comprise 157 apartment units and 7,500 square feet of ground level retail space. There will be a vast range of amenities like an outdoor hot tub, club room, fitness center, study rooms, leasing lounge and residential parking. Construction loan Brisbane Oak Laurel Nundah, 0430 129 662, 60 London St, Nundah QLD 4012 Unlike residential REITs like AvalonBay Communities, Inc. AVB and Equity Residential EQR, whose rental units are open for leasing to all, student housing REITs such as American Campus Communities ACC and EdR lease their real estate units to students. Hence, such real estates are generally set up in places in proximity to colleges and universities.