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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