The Scion Group has entered into a definitive agreement to acquire the operating business of Student Quarters (SQ), an Atlanta-based operator with interests in approximately $1.5 billion of student housing assets.
SQ’s senior leadership will retain asset ownership positions and will remain actively involved after closing for continued alignment and a partnership-driven approach to maximizing performance and long-term value creation.
“This acquisition is at the center of a historic period of growth and investment for Scion, with aggregate capital deployment activity exceeding $5 billion over the last two years,” said Robert Bronstein, CEO of Scion. “Student Quarters represents a compelling opportunity to extend our platform with a high-quality operating business while partnering with an experienced team that we’re excited to work with.”
The SQ portfolio comprises approximately 13,000 beds across 21 markets, with 77 percent market overlap with Scion’s
