Scion Adds 14 New Communities, Expands National Footprint and Strengthens its Leadership in Off-Campus Student Housing

The Scion Group is pleased to announce its latest milestone acquisition of 14 purpose-built off-campus student communities. Together with a major institutional joint venture investor, affiliates of Scion have acquired apartment communities that add over 8,700 beds across 13 major college and university markets to Scion's growing portfolio.

This acquisition, which brings Scion to six new markets, represents the firm's commitment to sustained growth in high-quality off-campus student housing, further enhancing Scion's position as the largest owner-operator of student housing globally. Each additional community also represents an opportunity to enrich the resident experience, supported by nearly 200 dedicated new team members.

"This transaction marks a significant step in Scion's strategic growth. We will continue to leverage our national scale to deliver an unmatched residential experience, opportunities for our team members and superior investment returns," stated Avi Lewittes, Chief Investment Officer.

With this transaction, The Scion Group now owns and operates 140 communities in 82 campus markets located across 35 states. With over $10 billion of assets under management, the company's workforce of over 1,600 team members helps deliver over $1 billion in aggregate annual rental revenue and a sector-leading standard for resident experience. In its 25-year history, Scion has also advised colleges, universities and public-private partners on nearly 300 campuses across North America.