The Scion Group and Ares Acquire Four-Community Student Housing Portfolio From SCHENK+
Ares Management Corporation partnered with The Scion Group to acquire a four-community, 2,316-bed student housing portfolio from SCHENK+ for approximately $435 million. The assets are located near the University of Georgia, the University of Tennessee, and Texas State University, aligning with Scion's existing operational footprint in these markets.
Key figures
- Deal Value Usd
- 435000000
- Aum
- 671000000000
- Acquired beds
- 2316
AI analysis
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