UNIVERSITY OF MEMPHIS SELECTS TEAM FOR CAMPUS MASTER PLAN UPDATE

MEMPHIS, TN. A team led by SmithGroupJJR and including The Scion Group was chosen by the University of Memphis, following a competitive RFP process, to provide a Facilities Campus Master Plan Update. Scion’s role will include evaluating potential opportunities to enhance the living and learning experience.
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SCION CHOSEN TO ADVISE PALM BEACH STATE COLLEGE

LAKE WORTH, FL. The Scion Group has been selected by Palm Beach State College to conduct a comprehensive market and demand analysis for potential campus housing. This assignment marks Scion’s tenth advisory engagement in Florida.
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SCION TO ADVISE TWO WATERLOO, ONTARIO UNIVERSITIES

WATERLOO, ON. Separated by less than 1 km, Wilfrid Laurier University and the University of Waterloo have together selected The Scion Group to advise both universities on the fastest-growing student housing market in Canada. Scion will examine the Waterloo student housing rental market and provide projections and recommendations for balancing each institution’s supply and demand.
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SCION ACQUIRES 2,360 BED PORTFOLIO AT VIRGINIA TECH, PENN STATE AND GEORGIA SOUTHERN

CHICAGO, IL. An affiliate of The Scion Group, in a joint venture with private equity funds sponsored by Virtus Real Estate Capital, has acquired three properties totaling 2,360 beds in 628 apartment units. The $118 million portfolio, purchased from American Campus Communities, includes: The Village at Blacksburg, a 1,056-bed community serving Virginia Tech; State College Park, a 752-bed property serving Penn State University; and University Pines, a 552-bed community serving Georgia Southern University. Scion will manage the venture and the properties, marking eight student communities now owned by Scion-Virtus joint ventures. The partners plan to invest over $6 million in upgrades across the portfolio.
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CONFEDERATION COLLEGE SELECTS TEAM, INCLUDING SCION, TO PLAN STUDENT VILLAGE

THUNDER BAY, ONTARIO. Following a competitive bid process, Confederation College has announced that it has selected a team, led by FORM Architecture Engineering and including The Scion Group, to plan a new campus student village including a student success centre, fitness facility and student residence. Scion will provide planning services for the residence. This assignment marks the sixth Ontario campus on which Scion has served as advisor.
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SCION TO ADVISE DEVELOPER ON STUDENT HOUSING IN FGCU MIXED-USE PROJECT

FORT MYERS, FL. Miromar Development has announced its engagement of The Scion Group to refine plans for the University Village project, a residential and commercial development adjacent to Florida Gulf Coast University. Scion will evaluate a project program aligned with the specific living preferences of the FGCU student population.
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SCION ADVISING UNIVERSITY OF CENTRAL FLORIDA ON NEWEST STUDENT COMMUNITY

ORLANDO, FL. The Scion Group has been engaged by the University of Central Florida for financial consulting services related to the 600-bed NorthView community, the University’s newest student residence, opening in September 2013. Scion has advised UCF and its foundation on numerous matters related to on-campus and affiliated student housing over the past seven years, including the initial planning for the NorthView community.
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