{"id":1003803208,"date":"2008-05-14T12:00:00","date_gmt":"2008-05-14T20:00:00","guid":{"rendered":"https:\/\/64.70.41.235\/2008\/05\/14\/allen-o%e2%80%99hara-closes-73m-student-housing-bond-issue\/"},"modified":"2022-12-06T01:24:23","modified_gmt":"2022-12-06T09:24:23","slug":"allen-ohara-closes-73m-student-housing-bond-issue","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/allen-ohara-closes-73m-student-housing-bond-issue\/","title":{"rendered":"Allen &amp; O\u2019Hara Closes $73M Student Housing Bond Issue"},"content":{"rendered":"<p>Allen &amp; O\u2019Hara Development Co., the development subsidiary of Education Realty Trust Inc., has closed on a $73.4 million bond issue for the development of a student housing project at Indiana University of Pennsylvania. The funds will support the construction of the third phase of a $250 million, four-phase residence hall building program that will replace 3,600 beds with LEED-rated on-campus student housing. In Phase III, Allen &amp; O\u2019Hara will demolish four old dormitories to make way for two new buildings offering 1,084 beds. The new housing will open in August of 2009 in time for the school year. The first two phases of the project are complete or nearing the completion of facilities with 1,850 beds. All of the beds have leased up, and the residence halls have sprouted waiting lists. EDR is a real estate investment trust that owns, develops and manages student housing communities across the country. The company owns and manages 68 communities in 21 states with 41,286 beds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Allen &amp; O\u2019Hara Development Co., the development subsidiary of Education Realty Trust Inc., has closed on a $73.4 million bond issue for the development of a student housing project at Indiana University of Pennsylvania. The funds will support the construction of the third phase of a $250 million, four-phase residence hall building program that will&hellip;<\/p>\n","protected":false},"author":1314,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1003803208","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Allen &amp; O\u2019Hara Closes $73M Student Housing Bond Issue - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/allen-ohara-closes-73m-student-housing-bond-issue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Allen &amp; O\u2019Hara Closes $73M Student Housing Bond Issue\" \/>\n<meta property=\"og:description\" content=\"Allen &amp; O\u2019Hara Development Co., the development subsidiary of Education Realty Trust Inc., has closed on a $73.4 million bond issue for the development of a student housing project at Indiana University of Pennsylvania. The funds will support the construction of the third phase of a $250 million, four-phase residence hall building program that will&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/allen-ohara-closes-73m-student-housing-bond-issue\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2008-05-14T20:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T09:24:23+00:00\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/allen-ohara-closes-73m-student-housing-bond-issue\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/allen-ohara-closes-73m-student-housing-bond-issue\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1d2a393e4a57d6d45707374e94ab4fef\"},\"headline\":\"Allen &amp; 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