Mold Testing documented by USF students showed 99.8 percent probability mold is growing in collegiate housing.Students living in Off Campus in housing within walking distance of a University, should have the opportunity to live in a safe environment while attending college. Unfortunately, A warm climate brings warm and rainy weather a perfect habitat for mold and especially deadly mold. The apartment complexes owned by EdR have profited while the interior at the Pointe at South Florida remains a health hazard. Management has been changed many times through the years, while bacteria, mold and unkept apartments are painted over by unqualified workers.
Making the choice to attend a university can have many deciding factors, and the warm tropical climate, near by beaches, and beautiful native landscapes make universties like USF in Fl a perfect choice for active students that bike, hike, and love the outdoors. Owners of collegiate housing making the wrong choices should be held accountable from the community and university.
Our students deserve a place to live that is free from mold that causes respiratory failure. Please sign this Petition to tell companies that benefit from collegiate housing to give them the environment they deserve!
EdR (NYSE:EDR), one of the nation’s largest developers, owners and managers of collegiate housing, today announced results for the quarter ended March 31, 2014.(BUSINESS WIRE)
Company Highlights
- Core funds from operations (“Core FFO”) was $19.4 million, or $0.17 per share/unit for the first quarter, compared to $16.4 million, or $0.14, per share/unit in the prior year;
- Same-community revenue for the quarter increased 3.0%. Without the reclassification of six properties moving into the same-community portfolio at the beginning of 2014, same-community revenue was up 4.2%;
- Same-community operating expenses for the quarter increased $0.7 million, mainly due to a $0.3 million increase in utility costs from extreme weather across the country and an expected rise in real estate taxes of $0.4 million;
- Preleasing for the 2014-2015 lease term is 300 basis points ahead of last year with the same-community portfolio 70.6% preleased.
- The same-community portfolio is projected to open the 2014-2015 lease term with an increase in revenue ranging from 3% to 4%, comprised of a 1% to 2% increase in occupancy and an approximate 2% increase in net rental rates;
- Announced that the increase in new supply in markets served by EdR is expected to slow by 9% from 2014 to 2015;
- Reaffirmed full year Core FFO guidance per share/unit of $0.62 to $0.68 for the year ending December 31, 2014, which represents an increase of 13% to 24% over 2013;
- Completed the previously announced sales of two communities that were an average of 3.4 miles from their respective campuses for a combined price of $41.9 million;
- As previously announced, entered into a $187.5 million term loan in January 2014 with five- and seven-year tranches at an effective fixed interest rate of 3.6%; and
- Won an industry leading 5 Innovator Awards at this year's Student Housing Business National Conference, including Best Public-Private Partnership and Best On-Campus Development, both at the University of Texas-Austin
