Scion Student Communities LP – a joint venture between The Scion Group, Singapore’s sovereign wealth fund GIC and the Canada Pension Plan Investment Board (CPPIB) – has acquired a 22-property student housing portfolio of Harrison Street Real Estate Capital for about $1 billion.
The portfolio transaction comprises approximately 12,000 beds across 18 states in the US and involves 20 leading national universities. Harrison Street, a real estate investment firm, focusses on the education, healthcare and storage sectors.
