Transactions - NOVEMBER 12, 2019

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Korean investor buys four U.S. student housing projects

by Released

The Scion Group and South Korea–based Hana Financial Group have formed a joint venture to acquire a four-property portfolio of high-end student housing communities totaling 3,275 bedrooms. The properties are located in these leading university markets: University of Florida in Gainesville, Fla.; Colorado State University in Fort Collins, Colo.; Texas Tech University in Lubbock, Texas; and University of Mississippi in Oxford, Miss.

“Hana is excited to have had the opportunity to further our reach through the joint venture with Scion; we will further strengthen our position as a global financial group by expanding our network through these strategic deals,” said Kim Hee Seok, CEO of Hana Alternative Asset Management. “With the latest transaction, Hana will establish a close relationship with Scion and boost further investment in student housing assets where institutional investors are increasingly showing an appetite.”

The transaction represents the first inves

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.