CENTENNIAL COLLEGE TAPS SCION TO ADVISE ON NEW STUDENT RESIDENCE

TORONTO, ONTARIO. Following The Scion Group’s successful completion earlier this year of a student housing feasibility study for Centennial College, the College has engaged Scion again, this time to advise on selecting a third-party partner to develop a new residence on its Progress campus in Scarborough.
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SCION ACQUIRES 528-BED PROPERTY AT INDIANA UNIVERSITY

BLOOMINGTON, IN. An affiliate of The Scion Group has acquired Bradford Place, a 528-bed student housing community serving Indiana University, in a joint venture with a private equity fund sponsored by Virtus Real Estate Capital. As part of a multi-year repositioning strategy, Scion and Virtus plan to invest over $1.5 million in upgrades to the property, which Scion will manage. This acquisition marks the fourth joint venture of Scion and Virtus for investment in student housing.
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LA CASA OPENS, PROVIDING HOUSING FOR CHICAGO STUDENTS

CHICAGO, IL.  Following a 2008 study by The Scion Group, a new six-story residence hall has opened in Chicago’s Pilsen neighborhood for 100 students from a various institutions, including the University of Illinois at Chicago, Columbia College, DePaul University and Loyola University.  As reported in The New York Times, La Casa was inspired and built by The Resurrection Project, a not-for-profit serving Latino families in the Chicago area.
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BALFOUR BEATTY DEVELOPS HOUSING AT LAKE FOREST COLLEGE, CREDITS SCION STUDY

LAKE FOREST, IL. Following a 2010 study by The Scion Group evaluating the feasibility of campus housing and renovation options at Lake Forest College, Balfour Beatty Campus Solutions has begun construction on a 233-bed, $15 million campus residence hall on the College’s South Campus. In a news release, the developer cited the Scion study as motivating it to pursue the project with the College.
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NEW GRAD-STUDENT HOUSING BECOMES REALITY AT RUTGERS-CAMDEN

CAMDEN, NJ. Following a 2010 market and demand study by The Scion Group, The Michaels Organization was joined today by city, county, state and university officials in downtown Camden to celebrate the grand opening of the first new student housing facility at Rutgers University-Camden in 25 years. The striking new addition to Camden’s downtown, a 12-story, 102-unit apartment facility designed for 350 graduate students, is adjacent to the Rutgers campus and was developed for the university by The Michaels Organization in partnership with the Camden County Improvement Authority.
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SCION ACQUIRES 756-BED PROPERTY AT PURDUE UNIVERSITY

WEST LAFAYETTE, IN. An affiliate of The Scion Group has acquired Campus Suites on the Lake, a 756-bed student housing community serving Purdue University. The 20-acre property, developed in 2008, contains 216 exceptionally large apartments in 3-bedroom 3-bath and 4-bedroom 4-bath configurations, along with extensive amenities such as an indoor basketball court.
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WISCONSIN-PLATTEVILLE SELECTS SCION TO LEAD STUDENT HOUSING MASTER PLAN

PLATTEVILLE, WISCONSIN. Following a competitive proposal process, the University of Wisconsin-Platteville has engaged a team led by The Scion Group to develop a student housing master plan. The team also includes dining and design firms. UW-Platteville is the third University of Wisconsin system campus to engage Scion for its student housing master plan, after Scion’s previous engagements on the Oshkosh and Superior campuses.
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SCION ACQUIRES 1,056-BED PROPERTY AT EAST CAROLINA UNIVERSITY

GREENVILLE, NC. The Scion Group, in partnership with private equity manager Virtus Real Estate Capital, has acquired a 1,056-bed student housing community serving East Carolina University. Currently known as Pirates’ Cove, the 55-acre property contains 264 apartments, all in 4-bedroom 4-bath configurations, along with two clubhouses and extensive amenities.
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