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Announced

Completed

The Scion Group completed the acquisition of The Aves for $160m.

Financials

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Transaction Value£125m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Real Estate Holding and Development

Acquisition

Real Estate

United States

real estate

Domestic

Friendly

Single Bidder

Majority

Private

Completed

Synopsis

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The Scion Group, an off-campus student housing communities operator, completed the acquisition of The Aves, a 1,527-bed student housing community, for $160m. “Adding The Aves to our portfolio is a testament to Scion’s commitment to the student housing sector and to strategic growth. The Aves embodies all of our priorities for investment: a high-quality and growing university market, superior asset quality and a strong community,” Avi Lewittes, The Scion Group CIO.

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