JV Nabs 3 US Student Housing Portfolios In $1.6B In Deals
Law360, New York (March 17, 2017, 2:06 PM EDT) -- A joint venture between the Canada Pension Plan Investment Board, Singapore's sovereign wealth fund GIC and student housing operator the Scion Group LLC has added three new U.S. student housing portfolios to its holdings through $1.6 billion in deals, the companies said on Thursday.
The venture, called Scion Student Communities LP, has acquired a portfolio of six student housing properties in the southern U.S. for $385 million and a portfolio of 11 properties in large university markets for $640 million, according to a statement announcing the deals. The sellers were not disclosed. The venture also completed $550 million in recapitalizations on...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!