The Scion Group
The Scion Group, founded in 1999, is a leading owner, operator, and advisor of student housing in North America, managing nearly 83,000 beds across 126 communities and serving 75 college markets in 33 U.S. states.
History
The Scion Group was founded in 1999 with a focus on enhancing the student residential experience on and off campus. Over the years, the company has grown to become one of North America's leading owners, operators, and advisors of student housing. The Scion Group has strategically expanded its portfolio and continues to build its presence in the student housing market through acquisitions and developments.
Services
The Scion Group offers a range of services primarily in the student housing sector. Their services include property management, asset management, and advisory services. The company acts as an independent advisor to colleges, universities, foundations, and private-sector providers, helping these institutions enhance their student housing offerings. They also provide internship programs that offer real insights into various career paths for students.
Locations
The Scion Group has offices in key locations across North America, including Chicago, Toronto, Irvine, and Washington DC. Their headquarters is centrally located at 401 N. Michigan Avenue in Chicago, demonstrating a strong commitment to the city's downtown area. This strategic placement allows Scion to manage and operate its widespread portfolio effectively.
Portfolio
The Scion Group's current portfolio includes nearly 83,000 beds of student accommodations spread across 126 communities. They serve 75 college and university markets in 33 U.S. states, demonstrating a robust presence in the student housing sector. The company's assets under management exceed $9 billion, showcasing their significant impact and expertise in the industry. Scion's commitment to quality and growth is evidenced by their recent acquisition of The Aves at Twelve100, a 1,527-bed student housing community.
Brands
The Scion Group has developed a family of distinct student housing brands, including Alight, Lark, Redpoint, and Ion. Each brand is designed to cater to different aspects of student living, ensuring a well-rounded residential experience. Additionally, Scion Advisory provides specialized advisory services, aiding colleges and universities in optimizing their student housing strategies. This family of brands represents the industry's first fully defined and experientially programmed array of student housing options.