Ares, Scion Acquire Four Student Housing Properties for $435M

1. 1Ares Management (ARES) funds and Scion Group have acquired four off-campus student housing properties in the U.S. for approximately $435 million.
2. 2The portfolio comprises 2,316 beds near the University of Georgia, the University of Tennessee, and Texas State University, marking the second major deal following a $910 million purchase of 12 properties in May.
3. 3The transaction expands exposure to off-campus student housing in major college markets and underscores institutional interest in the student housing sector.

Source Bloomberg +1 · View original ↗

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