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

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.