Memphis, Tenn.—EdR, a student housing developer, has purchased a 10 percent interest in Elauwit Networks—an Internet, video and telephone service provider. This investment provides a variety of potential benefits for the company, including reduced network operating costs along with opportunities to create innovative enhancements and generate ancillary income.
“Elauwit will be EdR’s main provider of Internet service, WiFi and high-definition video for all of our communities,” Scott P. Casey, chief technology officer, EdR, tells MHN. “We will also work together on projects and opportunities to deliver our value-added products to our customers that will help market our properties as well as to potentially generate revenue and cut operating expenses.”
Elauwit Networks has been in the broadband and network service business since 1989 but in the past three years it has started focusing on the student housing industry. Besides EdR, the company currently serves communities owned by American Campus Communities, Landmark Properties, Campus Crest Communities and Preiss Properties.
As well as earning extra income for EdR, Casey says that this deal will benefit the student residents.
“Our student residents are always on the cutting edge of the latest technology,” Casey says. “This partnership will help EdR not just keep up with their needs but to stay one step ahead of them. In turn, this amenity will make our communities popular with our target audience.”