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CSU Foundation Real Estate II, LLC acquired the property under a lease-purchase agreement.
Morrow, Ga. — Education Realty Trust Inc. (EDR), a developer, owner and manger of collegiate housing, has completed the sale of Clayton Place for $20.5 million. The 854-bed apartment community serves Clayton College and State University in Morrow. CSU Foundation Real Estate II, LLC acquired the property from EDR under a lease-purchase agreement after leasing the property from EDR since February.