SCION WELCOMES CENTRAL FLORIDA COMMUNITY TO ITS GROWING PORTFOLIO. THE AVES AT TWELVE 100

Scion Expands Portfolio with Addition of Premier Student Housing Community Serving University of Central Florida

The Scion Group, a leading global owner/operator of off-campus student housing, has completed its latest strategic expansion—the acquisition, in a joint venture with an institutional investment partner, of a controlling interest in The Aves at Twelve100, a 1,527-bed student housing community adjacent to the University of Central Florida in Orlando. The Aves exemplifies Class A student accommodations; this investment underscores Scion’s drive to enhance the student living experience with high-quality, strategically located communities catering to today’s discerning students.

“Adding The Aves to our portfolio is a testament to Scion’s commitment to the student housing sector and to strategic growth,” said Avi Lewittes, Chief Investment Officer at The Scion Group. “The Aves embodies all of our priorities for investment: a high-quality and growing university market, superior asset quality and a strong community.”