Scion Becomes Nation’s Largest Privately Held Owner/Operator of Student Housing

Scion completes the recapitalization of successful partnerships with Fundamental Advisors, Virtus Real Estate and Arch Street Capital. A Scion affiliate, in partnership with sovereign investors GIC and CPPIB, completes three portfolio acquisitions. Scion affiliates own more than 46,000 beds and nearly $4 billion of student housing. At this point, Scion becomes the nation’s largest privately-held owner/operator of student housing.