EDISON STATE COLLEGE PROCEEDS WITH FIRST STUDENT HOUSING

FORT MYERS, FL. Edison State College has announced that its students will soon have the opportunity to live on campus for the first time in the College’s 48-year history. The Scion Group performed a market and demand analysis to verify the viability of campus housing in 2008, which was then updated by Scion in 2010 at the request of the College Financing Corporation.
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SCION ACQUIRES 590-BED PROPERTY AT CLEMSON UNIVERSITY

CENTRAL, SC. An affiliate of The Scion Group, in partnership with a private equity fund managed by Real Estate Capital Partners, has acquired “The Reserve at Clemson,” a 177-unit student housing community serving Clemson University.
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SCION TO CREATE HOUSING MASTER PLAN FOR YORK UNIVERSITY

TORONTO, ON. The Scion Group has been engaged by York University to create a Student Housing Master Plan for both of the University’s campuses, at Keele and Glendon in Toronto. Scion will analyze current and future demand for student housing and examine potential renovation and new development options. Following evaluation of demand among various demographics, Scion will develop a business plan exploring the financial feasibility of a range of housing models.
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DOWNTOWN PHOENIX STUDENT HOUSING APPOINTS SCION AS FINANCIAL CONSULTANT

PHOENIX, AZ. Following a national RFP process, Downtown Phoenix Student Housing, LLC has announced its selection of The Scion Group to serve as financial consultant for the 1,284-bed Taylor Place student housing facility, adjacent to the downtown Phoenix campus of Arizona State University. Scion will develop long-term solutions toward increasing net operating income at the property.
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SCION TO ADVISE PROPERTY REPOSITIONING AT UNIVERSITY OF CENTRAL FLORIDA

ORLANDO, FL. Capfa Capital Corporation 2000f has selected The Scion Group to advise its repositioning of the 2,500-bed Pegasus Landing student housing property, located near the campus of the University of Central Florida. Scion will develop strategies for a self-supported repositioning of the property. This marks Scion’s third engagement on or near the University of Central Florida campus.
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SCION SELECTED FOR KOKOMO, INDIANA MARKET STUDY

MICHIGAN CITY, IN. Mecca Companies, Inc., an affordable-housing developer and construction manager, has selected The Scion Group to perform a student housing market study for its contemplated project serving Indiana University Kokomo. The project recently received rezoning approval from the Kokomo City Council, which during deliberations considered research performed by Scion.
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UNIV. OF ONTARIO INST. OF TECHNOLOGY SELECTS TEAM, INCLUDING SCION, FOR DOWNTOWN CAMPUS MASTER PLAN

OSHAWA, ONTARIO. The University of Ontario Institute of Technology (UOIT) has announced its selection of a team led by Urban Strategies, Inc. of Toronto to complete its Downtown Oshawa Feasibility and Master Plan Study. The Urban Strategies team includes The Scion Group as the consultant for Student Accommodation Assessment, marking Scion’s third engagement on behalf of UOIT and its fourth in Ontario.
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PER SCION PREDICTION, CONVERSION OF HOTEL FOR STUDENT HOUSING ACCELERATED TO MEET DEMAND

FLINT, MI. The Uptown Reinvestment Corporation has announced it has accelerated its conversion of a former downtown Flint hotel to student housing to meet growing demand from students of the University of Michigan-Flint. In 2008, The Scion Group advised the C.S. Mott Foundation, which funded the project, forecasting that the development would spur demand for additional beds by 2010.
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SCION-ADVISED PUBLIC-PRIVATE PARTNERSHIPS MAKE NEWS IN LOUISVILLE

LOUISVILLE, KY. The University of Louisville’s successful use of public-private partnerships to increase the residential nature of its campus are featured in Business First of Louisville. The article, “U of L has improved student housing through private partnerships,” highlights the four new residence halls built between 2001 and 2006 and the public-private partnerships that made them possible.
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