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STATE COLLEGE, PA — EdR has completed a $3 million mezzanine investment and an option-to-purchase agreement for a student housing development near the Penn State campus. The Retreat at State College will house 578 beds and will be located about 1.2 miles off campus. Amenities will include a clubhouse, resort-style pool, volleyball court, bocce ball courts and a grilling area. The development is scheduled to open in the summer of 2013. EdR has had a presence in State College since 2005, when it developed and opened The Pointe, an off-campus community that has been fully occupied for the past six years.