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 deployed approximately $4.7 billion of capital and increased its bed count by 45%. Following the Student Quarters closing and other recently completed transactions, Scion now operates 187 communities and nearly 117,000 beds across 92 university markets, with more than $13 billion in assets under management and more than 1,800 team members nationwide.

“Scion’s unparalleled 117,000-bed scale is coupled with over 25 years of focused student housing experience,” said Robert Bronstein, Chief Executive Officer of The Scion Group. “Powered by our proprietary asset and revenue management technology, Scion can unlock value in nearly any off-campus community. We have never had more conviction in our ability to achieve strong, compelling returns for investors. We will absolutely continue to grow and consolidate the student housing sector.”

The closing formally brings the Student Quarters business into Scion and establishes Atlanta as an additional hub within the company’s national operations.

The closing also reflects the range of ways Scion has grown over the past two years, which has included traditional joint ventures with institutional investors, large portfolio acquisitions, investments in operating businesses and minority interests in institutionally owned assets. Together, those transactions have expanded Scion’s geographic reach, operating platform and ability to pursue opportunities across the student housing sector.

“As we reflect on this period of unprecedented growth for Scion, among our important achievements is not only the capital we successfully deployed, but also the diverse ways in which we have expanded” said Avi Lewittes, Chief Investment Officer. “In addition to traditional joint ventures which we continue to pursue with both existing and new world-class institutional investors, Scion has now completed the most significant operator consolidation transaction in our sector in years, adding over $1 billion of high-quality properties to our portfolio. We have also acquired minority interests in institutionally owned assets, using our balance sheet to aggregate additional scale while providing operational upside to existing investors. We are excited about this innovation and are committed to continued creativity as we enter into our next phase of growth,“ added Lewittes.

Growth at this scale has also allowed Scion to continue investing in the infrastructure behind its communities. More specialized teams, centralized capabilities and technology now support a larger national portfolio while giving on-site teams greater access to resources and expertise.

“Scale creates meaningful advantages when we translate it into better operating performance,” said Kenny Funk, Chief Operating Officer of The Scion Group. “With multiple communities in more than 40 markets, we can leverage talent and resources across communities while using our purchasing power to drive down costs across major expense categories. Just as important, our growth has created opportunities for our people, with over 80 team members promoted into operations leadership roles over the past two years. That combination of operating leverage, purchasing power and employee opportunity is where the real value of scale comes to life.”

As Scion enters the 2026-27 academic year, it does so at the largest scale in its history. The company expects to continue pursuing disciplined opportunities that build on that foundation and create long-term value for residents, university partners and investors.

Explore Scion’s full portfolio of student housing communities