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$910 Million Student Housing Portfolio Sale Facilitated by Institutional Property Advisors

  • Peter Katz of Institutional Property Advisors (IPA), a division of Marcus & Millichap, advised Harrison Street Asset Management (HSAM) on the sale of a 12-property student housing portfolio.
  • The portfolio, containing 7,578 beds, was sold to a joint venture between Scion Group & an Ares Real Estate fund for approximately $910 million.
  • Five HSAM investment vehicles assembled the portfolio over the last 10 years, with properties constructed between 2008 & 2024 across 10 states near 12 universities.
  • The portfolio serves major institutions including Ohio State University, Auburn University, the University of Notre Dame, James Madison University, & the University of Florida.
  • Marcus & Millichap closed 8,818 transactions totaling $50.8 billion in sales volume during 2025.
  • Harrison Street Asset Management manages $109 billion in assets across real estate, infrastructure, & credit strategies with over 600 employees globally.