NEWS

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Student Quarters Closing Caps Two Years of Historic Growth for Scion

The Scion Group has completed its acquisition of the operating business of Student Quarters, bringing the Atlanta-based student housing operator into Scion’s national platform and closing out one of the most active periods of growth in the company’s history. Over the past 24 months, Scion has…

Scion Expands in Three Key University Markets

Scion has expanded its national student housing platform with the portfolio acquisition of four communities totaling 2,316 beds, in partnership with funds managed by Ares Real Estate. The over $400 million transaction adds communities serving Texas State University, the University of Georgia and the University…

Scion to Acquire Student Quarters Platform, Expanding National Student Housing Reach

Scion to Acquire Student Quarters Platform, Expanding National Student Housing Reach

The Scion Group today announced that it has entered into a definitive agreement to acquire the operating platform of Student Quarters, an Atlanta-based owner and operator of purpose-built student housing. The portfolio includes nearly 13,000 beds across 21 markets, and represents approximately $1.5 billion in…

Scion and ARES announce $910M Student Housing Deal

The Scion Group and Ares Management Announce $910 Million Student Housing Acquisition

The Scion Group and affiliates of Ares Management Corporation today announced the formation of a strategic partnership to invest in off-campus student housing, with a focus on high-quality assets in markets characterized by strong enrollment fundamentals and limited new supply. The partnership’s inaugural transaction is the…

Scion Adds Three Communities in New Strategic Partnership

Scion has added three purpose-built student housing communities serving major campuses to its portfolio, at Purdue University, Baylor University and the University of Virginia, launching a new relationship with an Inland affiliate, with Scion investing in the communities and leading operations and resident experience. “Welcoming these…

SCION AND MORGAN STANLEY FORM NEW JV TO ACQUIRE OXFORD, MISS. COMMUNITIES

The Scion Group and Morgan Stanley Investment Management, through its managed investment funds, have announced a joint venture to acquire a portfolio of student housing communities in Oxford, Mississippi, comprised of 600 apartments, townhomes and cottages with more than 2,000 beds. The acquisition of College Town…

Scion Joins Existing Owner to Optimize Performance at 4 Missouri Communities

The Scion Group, the largest owner-operator of off-campus student housing in North America, is pleased to welcome four Columbia, Missouri communities together known as the Element Communities, totaling 1,613 beds and serving the University of Missouri market. In partnership with the existing equity owner, affiliates of…

Scion Celebrates 25th Anniversary at Annual Leadership Summit

The Scion Group marked the company’s 25th anniversary at its annual Leadership Summit from February 25-27 in Chicago.   The event brought together nearly 430 attendees from across the US and Canada, including community general managers, regional management, central office team members, service partners and industry specialists.…

 
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