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Scion Group pays $400M for 2,316-bed student housing portfolio as sector consolidation gathers pace

9/6/2026

Institutional capital has been reordering the student housing sector, and the pace of that shift is not slowing.

Chicago-based Scion Group has acquired a four-property, 2,316-bed portfolio from SCHENK+ in partnership with Ares Real Estate funds for $400 million, expanding its presence at Texas State University, the University of Tennessee, and the University of Georgia.

SCHENK+, the firm founded by Jared Schenk roughly 30 years ago with a focus on Tier 1 public universities, developed three of the four assets and acquired and repositioned the fourth.

Robert Bronstein, CEO of The Scion Group, said the transaction provides a comprehensive exit for Schenk and his investors.