Harrison Street Asset Management Sells 12-Property Student Housing Portfolio for $910 Million

Harrison Street Asset Management (HSAM) announced the sale of a 12-property U.S. student housing portfolio to affiliates of The Scion Group and a global institutional investor for $910 million. The transaction, completed on May 20, 2026, includes 7,578 beds across 10 states and 12 universities, including Arizona State University, Auburn University, and the University of Florida. The portfolio, built over the past decade, represents one of the largest student housing sales in recent years, driven by institutional demand for high-quality, scaled assets. HSAM highlighted durable fundamentals, limited new supply, and strong enrollment trends at leading universities as key factors behind the sale. The properties were acquired or developed through five HSAM fund vehicles, with the firm emphasizing operational improvements and local market expertise. HSAM’s experience in the sector includes investments across 431 student housing properties totaling over 237,000 beds in North America and Europe, with $11 billion in gross sales from 252 properties since inception. This marks the second major transaction between HSAM and Scion, following a nearly $900 million student housing portfolio sale in November 2024. HSAM, headquartered in Chicago with offices globally, manages $109 billion in assets across real estate, infrastructure, and credit strategies for over 1,200 institutional investors. The sale underscores the firm’s strategy of acquiring high-quality student housing near top universities and strategically exiting portfolios to deliver value for investors. HSAM continues to focus on institutional-grade student housing assets, leveraging decades of sector experience.