Education Realty Operating Partnership L P 8-K Fall 2016 Final Leasing Results

FALL 2016 FINAL LEASING RESULTS

		Opening Occupancy				Year Over Year Change In
	Design Beds	2016		2015		Occupancy		Rate		Total Revenue
Same-Communities - by Tier
Prior Year Occupancy Below 90% (Tier 1)	2,000	79.9	%	82.5	%	(2.6	)%	0.3	%	(2.3	)%
Prior Year Occupancy 90% to 96.9% (Tier 2)	4,558	96.9	%	95.2	%	1.7	%	2.1	%	3.8	%
Prior Year Occupancy 97% and Above (Tier 3)	20,979	98.2	%	99.8	%	(1.6	)%	3.8	%	2.2	%
Total Same-Communities	27,537	96.7	%	97.8	%	(1.1	)%	3.4	%	2.3	%
Total New-Communities	4,685	88.8	%
Total Communities	32,222	95.6	%
Note: The same-community designation for leasing purposes is different than for financial statement purposes. A community is considered same-community for leasing when the Company has managed the leasing process for at least two leasing cycles, including the 2016/2017 leasing cycle.