Brookfield Said to Plan $1 Billion U.S. Student-Housing Venture

#Lifestyle Wealth

(Bloomberg)—Brookfield Asset Management Inc. is in advanced talks to form a joint venture with Scion Group LLC to acquire at least $1 billion in student-housing properties, marking the alternative-asset manager’s first U.S. bet on the sector, according to people with knowledge of the matter.

The entities are planning to purchase purpose-built real estate across the country, said the people, who asked not to be identified discussing an effort that isn’t yet public.

Scion, founded in 1999, operates a portfolio of 58,700 beds in 29 U.S. states, near campuses including the University of South Carolina, Arizona State University and the University of Texas at Austin, its website shows. The company is led by President Rob Bronstein, who co-founded Scion with Eric Bronstein, the firm’s executive vice president.

Brookfield has made a previous foray into student housing outside the U.S., and counts U.K.-based platform Student Roost among its investments.

Representatives for Brookfield and Scion declined to comment.

In 2018, Chicago-based Scion teamed up with Canada Pension Plan Investment Board and Singapore’s GIC Pte to purchase a portfolio of student housing assets for $1.1 billion. The Brookfield deal doesn’t interfere with this joint venture, one of the people said.

Institutional investors have remained interested in student housing amid an expected return to campuses after pandemic-related closures. In February, Bahrain-based investment manager Arcapita Group purchased Clemson Lofts, a student-housing property at Clemson University in South Carolina.


The Washington-based National Multifamily Housing Council said in July that it estimates the student housing market will grow to 9.2 million beds by 2031 from 8.5 million last year, with much of the growth occurring at public universities.

© 2021 Bloomberg L.P.

To Find More Information, Go To Saubio Digital And Look Up Any Topic

Please follow and like us: Share This Post

Take a look at our comprehensive guide to the best and most popular information ebooks and products available today on Detoxing, Colon Cleansing, Weight Loss and Dating and Romance. They are all in one spot, easy to find and compere to make a quick selection for the product that best fits your needs or wants.

So browse through a category and make your  preferred selection and come back here to read  more choice articles and get a few more helpful tips on ways to help your enhancement.

Detoxing Reviews

Best Body Detoxification Guides & reviews

Colon Cleanse Reviews

Best Colon Cleanse Guides & Reviews

Weight Loss Ebook Reviews

Weight loss products really work! Click here

Dating and Romance Ebook Reviews

Looking for Dating Guides? Click here

Free Traffic System - Increase Targeted Website Traffic with Free Unlimited One Way Links

As an Amazon Associate I earn from qualifying purchases. “ is a participant in third party affiliate and advertising programs; The Amazon Services LLC Associates Program, Awin network, and other affiliate advertising programs are designed to provide a means for sites to earn advertising fees and commissions by advertising and linking to products on other sites and on Amazon and the Amazon logo are trademarks of, Inc, or its affiliates.”

Leave a Reply

Your email address will not be published.

Saubio's Guide & Tools