URBANA, IL. The University of Illinois has retained The Scion Group to assess its options for undergraduate student housing at its main Champaign-Urbana campus. Scion will assist in the creation of a complete plan of ownership, financing, development and management of both existing and contemplated new student housing.
Scion will conduct an integrated, multi-phase process including institutional analysis, regulatory review and implementation planning, to assist the University in adjusting its housing inventory through renovation and new construction to be most desirable to students, to perform financially and to achieve an optimal balance of risk and control. “We are very proud to earn this engagement,” said Scion President Robert Bronstein. “We are able to partner with one of the premier public higher-ed institutions in the country while continuing our extensive work in our home state of Illinois.”
Headquartered in Chicago, Scion has been engaged on 15 projects and participated in over $300 million in financing for student housing in the State of Illinois. The University of Illinois at Urbana-Champaign, founded in 1867 as one of the nation’s original 36 public land-grant institutions, now enrolls nearly 43,000 students, including over 31,000 undergraduates; 8,550 of these undergraduates live on-campus in 22 university residence halls.