Harrison Road Asset Administration (HSAM) has closed the $910-million sale of a 12-property U.S. scholar housing portfolio to associates of The Scion Group and an Ares Actual Property fund. It’s the biggest scholar housing portfolio sale accomplished in 2026, based on HSAM.
Assembled over a 10-year interval by 5 HSAM funds, the 7,578-bed portfolio serves main college markets throughout the U.S., together with these dwelling to the College of Florida, Auburn College, the College of Notre Dame, The Ohio State College and James Madison College. Scion will function working accomplice.
“This transaction represents necessary milestones for Scion,” stated Robert Bronstein, Scion CEO. “We’re starting a partnership with Ares, one of many main asset administration companies globally, on the similar time Scion’s owned portfolio now totals over 105,000 beds, making Scion the world’s largest proprietor of scholar housing. This sector continues to display resilient demand traits, and we’re happy to develop our platform alongside Ares.”
Though the deal represents a first-time partnership between Scion and Ares, purchaser and vendor have collaborated earlier than. HSAM and Scion have accomplished a number of large-scale transactions collectively since 2017, together with a virtually $900-million scholar housing portfolio sale in November 2024.
