Scion Acquires University House Communities and Surpasses 35,000 owned beds

The initial investment of a Scion affiliate, in partnership with sovereign investors GIC and CPPIB, is the $1.3 billion acquisition of University House Communities, a spin-off of the student housing platform of publicly-traded Inland American. Upon closing in mid-2016, Scion operates over 35,000 beds of student housing and has assets of over $2.5 billion.