Scion Group, Ares Acquire U.S. Student Housing Portfolio for $435M
In their second major acquisition this year, student housing owner and operator the Scion Group and private equity giant Ares Management have purchased a four-community student housing portfolio in Texas, Tennessee and Georgia for approximately $435 million. Scion and Ares…
In their second major acquisition this year, student housing owner and operator the Scion Group and private equity giant Ares Management have purchased a four-community student housing portfolio in Texas, Tennessee and Georgia for approximately $435 million. Scion and Ares…
BELLINGS Intelligence Score: 15
Why it matters
The acquisition of a $435 million student housing portfolio by Scion Group and Ares is a sizable but routine private real estate transaction with limited broader market impact or novelty.
Sources
Commercial Observer
Scion Group, Ares Acquire U.S. Student Housing Portfolio for $435M
In their second major acquisition this year, student housing owner and operator the Scion Group and private equity giant Ares Management have purchased a four-community student housing portfolio in Texas, Tennessee and Georgia for approximately $435 million. Scion and Ares…