June 13, 2018 / 6:46 PM / 6 months ago

Greystar in talks to buy Education Realty for about $3.1 bln - WSJ

June 13 (Reuters) - Greystar Real Estate Partners is in discussions to buy Education Realty Trust Inc, owner of collegiate housing communities, for about $3.1 billion, the Wall Street Journal reported on.wsj.com/2l9cGpn on Wednesday, citing people familiar with the matter.

Greystar, which operates apartments in the United States, has offered $41.50 a share for Education Realty, the Journal reported, adding that the deal is expected to be announced later this week.

Education Realty's shares rose 1.5 percent at $40.69. (Reporting by Arunima Banerjee in Bengaluru; Editing by Shailesh Kuber)

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