Scion Sees the Opportunity for Value-Add

Scion acquires its first “value-add” rehab project, the 350-bedroom Heartland Ridge Apartments in Normal, IL. Investing in new flooring and furniture, flat-panel televisions and brightly colored accent walls was a novel concept in 2006 and served as the template for dozens of value-add projects later completed by Scion and emulated throughout the student housing sector to this day.