Scion and Ares Acquire $910M Student Housing Portfolio from Harrison Street
Harrison Street Asset Management (HSAM) has closed the $910-million sale of a 12-property U.S. student housing portfolio to affiliates of The Scion Group and an Ares Real Estate fund. It’s the largest student housing portfolio sale completed in 2026, according to HSAM.
Assembled over a 10-year period by five HSAM funds, the 7,578-bed portfolio serves leading university markets across the U.S., including those home to the University of Florida, Auburn University, the University of Notre Dame, The Ohio State University and James Madison University. Scion will serve as operating partner.
“This transaction represents important milestones for Scion,” said Robert Bronstein, Scion CEO. “We are beginning a partnership with Ares, one of the leading asset management firms globally, at the same time Scion’s owned portfolio now totals over 105,000 beds, making Scion the world’s largest owner of student housing. This sector continues to demonstrate resilient demand characteristics, and we are pleased to expand our platform alongside Ares.”
Although the deal represents a first-time partnership between Scion and Ares, buyer and seller have collaborated before. HSAM and Scion have completed multiple large-scale transactions together since 2017, including a nearly $900-million student housing portfolio sale in November 2024.
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Remax Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout