The Scion Group and Ares Establish Joint Venture to Acquire $910 Million U.S. Student Housing Portfolio
Ares Real Estate and The Scion Group formed a joint venture to acquire a 12-property, 7,578-bed U.S. student housing portfolio for $910 million from Harrison Street Asset Management. The deal marks Ares' entry into the student housing sector, leveraging Scion's operational expertise as the world's largest owner of off-campus student housing.
Key figures
- Deal Value Usd
- 910000000
- Beds acquired
- 7578
- Ares total aum
- 644000000000
- Scion total beds
- 105000
- Properties acquired
- 12
- Scion total markets
- 90
- Ares real estate aum
- 117000000000
- Scion total communities
- 161
- Scion capital deployed 24m
- 3400000000
- Scion capital deployed lifetime
- 10200000000
AI analysis
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