Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (MSREI), and The Scion Group announced a joint venture to acquire a portfolio of student housing communities in Oxford, Miss., for a combined investment of $262 million. The portfolio is located within two miles of the University of Mississippi campus and comprises 600 apartments, townhomes and cottages with more than 2,000 beds.
“We are pleased to acquire this high-quality portfolio of student housing communities at the University of Mississippi offering a variety of product types and price points,” said Will Milam, head of U.S. investments at Morgan Stanley Real Estate Investing. “The dramatic supply/demand dynamics in the region have led to notable financial performance for these assets, which we expect to continue as the university continues to experience strong enrollment.”
The acquisition of College Town Oxford, a cottage-style community located
