Scion becomes largest provider of off-campus student housing

Over a period of 90 days, Scion establishes new investment partnerships with two of the world’s leading real estate investors, adding 32 new communities and nearly 20,000 beds, representing $1.7 billion in project value. As a result, Scion becomes the global leader in purpose-built,…

Resilience Amid Pandemic Challenges

As the COVID-19 pandemic unfolds, Scion communities remain open at near normal capacity and continue to safely provide all essential services to residents. It becomes clearer than ever that college-aged constituents value the entire college experience, not just taking classes to acquire a degree. Most…

Scion at 20: By the Numbers

As of its 20th anniversary, Scion is North America’s largest privately‐held owner/operator of student housing, operating over 58,000 beds and managing $5 billion of assets in partnership with institutional investors, supported by a corporate staff of nearly 180 and a site-level team of over 1,300.…

Pioneering Brand Curation Efforts Begin

Scion begins the process of developing what will become the sector’s first fully curated, experiential family of brands. Drawing on nearly 20 years of experience operating all types of student housing assets, Scion recognized the need to create a distinctive family of brands for the…

Scion Begins Brand Family Roll-Out

Scion officially begins to launch its new family of brands across its portfolio, with the introduction of the Redpoint brand in Denton, Texas.

24 New Communities Added to Portfolio

In late 2017 and early 2018, a Scion affiliate, in partnership with sovereign investors GIC and CPPIB, completes the acquisition of 24 properties, for $1.1 billion. Scion’s earlier conviction about pursuing physical and operation upside is unabated, as this acquisition includes the most extensive value-add…

Scion Pioneers “Market Quality” Investment Thesis for Student Housing

The student housing industry commences a development boom that continues to this day, but while most are focused on high-amenity buildings at campuses of all types, Scion’s investment thesis states that market quality is paramount, followed by the capabilities of the operator, then location of…

Scion Grows Executive Team with Key Leadership and Expertise

Following a successful 20-year career as a Wall Street M&A investment banker, Avi Lewittes joins Scion as Chief Investment Officer, adding a sophisticated and global perspective. Under his direction, Scion begins to lay the foundation for what will become among the sector’s most transformative capital…

Advisory Services Becomes Recognized Leader

Building on the success of the University Center project, Scion grows its consulting practice across the United States. Scion becomes one of only a handful of firms in the country with a recognized expertise in student housing advisory and planning services. Scion also expands…

Scion Pioneers Early Urban Student Concepts

Scion partners with various commercial real estate firms to develop some of the first-ever purpose-built urban student housing in the US, including The Automatic Lofts, Dwight Lofts and 1237 West in Chicago, and 2040 Lofts in Milwaukee.