Education Realty Trust Confirms Its Sale to Greystar Real Estate Affiliate

Cash deal for the college-housing real-estate investment trust comes out to about $3.15 billion

Education Realty Trust Inc., a college-housing real-estate investment trust, said it is selling itself to a Greystar Real Estate Partners affiliate for $41.50 a share in cash.

Monday’s announcement confirms a report in The Wall Street Journal earlier this month that said Greystar was looking at buying the firm and had offered that price.

Based...