Scion Student Communities Acquires MUZE Student Housing Near UT Austin

November 4, 2019

Scion Student Communities, a joint venture backed by Canada Pension Plan Investment Board (CPPIB), GIC and The Scion Group, acquired MUZE, a newly developed 502‑bed student housing community serving the University of Texas at Austin. MUZE was acquired from a partnership of Kayne Anderson Real Estate and developer Parallel Company and complements Scion's adjacent University House Austin, expanding the JV's presence in the UT Austin market.

Buyers
Scion Student Communities, Canada Pension Plan Investment Board (CPPIB), GIC, The Scion Group
Targets
MUZE
Sellers
Kayne Anderson Real Estate, Parallel Company
Platforms
Scion Student Communities
Industry
Real Estate
Location
Texas, United States
Transaction Type
Addon

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