MSREI and The Scion Group to acquire Mississippi student housing portfolio for $262m.

Morgan Stanley Real Estate Investing, a global private real estate investment management arm of Morgan Stanley, and The Scion Group, an off-campus student housing communities owner and operator, agreed to acquire Mississippi student housing portfolio for $262m. “We are pleased to acquire this high-quality portfolio of student housing communities at the University of Mississippi offering a variety of product types and price points. The dramatic supply-demand dynamics in the region have led to notable financial performance for these assets, which we expect to continue as the university continues to experience strong enrollment,” Will Milam, Morgan Stanley Real Estate Investing Head of US Investments.