SCION, CPPIB AND GIC ACQUIRE 24 U.S. STUDENT HOUSING PROPERTIES FOR $1.1 BILLION

TORONTO / SINGAPORE / CHICAGO. Canada Pension Plan Investment Board (CPPIB), GIC and The Scion Group announced today that their student housing joint venture, Scion Student Communities, LP (together with its subsidiaries, the “Joint Venture”), has acquired a U.S. student housing portfolio for approximately US$1.1 billion. The portfolio consists of 24 quality assets located in 20 diversified university campus markets across the U.S., comprising 13,666 beds. More

SCION NAMES JAY PEARLMAN AS SENIOR VICE PRESIDENT FOR ADVISORY SERVICES

CHICAGO, IL. The Scion Group, North America’s largest private owner/operator of student housing and a leading advisor for higher education institutions, today announced the appointment of Jay Pearlman as Senior Vice President. Mr. Pearlman will provide leadership for the firm’s Advisory Services practice, including client work and relations, research, marketing, and product and business development. He will also utilize the firm’s collective decades of transactional and operational knowledge and real-world performance data, working synergistically with its operations group to expand the advisory practice’s current suite of offerings. More

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