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The Scion Group and Ares Acquire Four-Community Student Housing Portfolio From SCHENK+
Source: Business Wire
M&A & RestructuringHousing & Real EstateCompany Fundamentals
Scion Group and Ares acquired a student housing portfolio from SCHENK+, consisting of four communities and 2,316 beds across Texas, Tennessee, and Georgia. The deal expands their footprint in student housing markets, but the news provides no disclosed purchase price or financial impact, suggesting limited near-term pricing pressure.
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