Education Realty Trust 8-K Regulation FD Disclosure

Preleasing Update Summary

		Preleasing at June 2,
Community Type	Design Beds		2013		2012		Projected Rate Increase
Same-communities
Communities with Prior Year Occupancy Below 95%	13,164		68.1	%	63.9	%	1.2	%
Communities with Prior Year Occupancy 95% to 97.9%	1,087		94.4	%	41.3	%	3.8	%
Communities with Prior Year Occupancy 98% and Above	7,440		82.1	%	87.4	%	3.1	%
Total Same-communities	21,691		74.2	%	70.8	%	2.2	%
New-Communities (1)
2013 Developments	2,750		80.5	%
2012 Acquisitions	3,309		75.8	%
Total New-Communities	6,059		77.9	%
Total Owned-Communities	27,750		75.0	%

⁽¹⁾ New communities include those that have been purchased or developed since September of 2012.

Note: The redevelopment of 3949 at Saint Louis University, which was damaged by fire on July 17, 2012, is underway. The community is expected to be fully reopened this summer. The redevelopment costs are covered by insurance proceeds. Therefore, the leasing data for this community is not included in the numbers shown above.

June 2013 Preleasing Update 1