Scion, Ares buy US student housing portfolio for $910M

Student housing owner-operator Scion Group and private equity firm Ares Management acquired a 12-property student housing portfolio for $910 million. The seller was Harrison Street Asset Management, which said the transaction was the largest student housing portfolio sale in the US so far in 2026. The portfolio totals 7,578 beds and is located near 12 universities across 10 states, including Arizona State University, Ohio State University, the University of Florida, and the University of Notre Dame.