|Education Realty Trust, Inc. (the Trust) is a self-managed and self-advised real estate investment trust (REIT). The Company develops, acquires, owns and manages collegiate housing communities located near university campuses. As of December 31, 2012, it owned 43 collegiate housing communities located in 22 states containing 25,003 beds in 8,494 apartment units on or near 38 university campuses. As of December 31, 2012, it provided third-party management services for 23 collegiate housing communities located in 10 states containing 12,060 beds in 4,068 apartment units on or near 20 university campuses. It owns 99.2% of the partnership units of its Operating Partnership, and 0.8% of the partnership units are held by the former owners of its initial properties and assets.In January 2012, the Company completed the purchase of The Reserve on Stinson near the University of Oklahoma in Norman, Oklahoma.