---
title: "Ares And Scion's Student Housing JV Acquires 4 Communities For $435M"
url: https://burnaze.com/article/fd55d9df-a8a3-4754-8730-1967a1b4870d
source: "Bisnow National"
original_url: https://www.bisnow.com/news/national/student-housing/ares-scion-student-housing-jv-acquires-4-communities-for-435m
category: "Real Estate"
topics: ["Finance & M&A"]
published: 2026-09-01T22:28:25.000Z
modified: 2026-10-31T13:18:48.897Z
image: https://a-us.storyblok.com/f/571151439874644/960x719/84a392003d/uga-photo.jpg
---

# Ares And Scion's Student Housing JV Acquires 4 Communities For $435M

**TL;DR:** Ares Real Estate and The Scion Group acquired a four-community student housing portfolio for $435M, adding 2,316 beds across four properties. This marks their second major joint venture transaction in the sector this year, following a $910M deal in May.

*originally published in Bisnow National on 2026-09-01. [Read the original](https://www.bisnow.com/news/national/student-housing/ares-scion-student-housing-jv-acquires-4-communities-for-435m).*

## Key facts

- Ares and Scion acquired 4 communities for $435M
- 2,316 beds added across four properties
- 89.1% prelease rate in July

## Story

A student housing-focused partnership has locked in another portfolio purchase just as collegians have moved back to campus for the fall semester.

In a $435M deal, Ares Real Estate and The Scion Group added 2,316 beds across four student housing communities to their roster, the companies announced Tuesday. The joint venture acquired the properties from developer Schenk+.

Ares and Scion debuted their partnership in May with the acquisition of a 12-property student housing portfolio across 10 states purchased from Harrison Street. The $910M deal is still the asset class’s largest deal of the year.

## Portfolio details

Both portfolio buys center on the Sun Belt as the fund targets off-campus student housing at universities with robust enrollment and limited supply. The communities in the latest transaction serve students at Texas State University, the University of Georgia and the University of Tennessee. May’s acquisition involved properties at the University of Florida, James Madison University in Virginia, Arizona State and Auburn University.

A growing bifurcation in university enrollment and funding trends is benefiting investors who specialize in student housing, Mike Gordon, Harrison Street global chief investment officer, told CNBC. His eye is on Virginia Tech, Auburn University and Penn State, where the housing pipeline isn’t keeping up with student body growth.

## Market trends

New communities are coming online in large markets at an increasing pace, Tyson Huebner, Yardi’s director of research, wrote in its July student housing report.

Students are preleasing off-campus housing at a faster pace this year than the last. The rate climbed to 89.1% in July, up from 88.1%, according to the analysis of 200 university markets.

Smaller schools nationwide, meanwhile, are struggling with funding and are closing their doors for good, *Bisnow* reported in May.

## Entities

- Real Estate (sector)
- real estate investment (topic)
- Bisnow (publication)
- joint venture (topic)
- University of Georgia (location)
- student housing (topic)
- portfolio acquisition (topic)
- The Scion Group (company)
- University of Tennessee (location)
- Harrison Street (investor)
- Ares Real Estate (company)
- Texas State University (location)

---
Originally reported by Bisnow National (https://www.bisnow.com/news/national/student-housing/ares-scion-student-housing-jv-acquires-4-communities-for-435m). Summarized by Burnaze (https://burnaze.com/article/fd55d9df-a8a3-4754-8730-1967a1b4870d).