The world’s largest operation of student housing complexes now operates two of three such buildings on West Main Street.
On October 9, a business trust connected to the Inland Real Estate Group of Companies of Oak Brook, Illinois, purchased the Flats at West Village for $107 million. Three days prior, the company announced via press release the creation of a strategic relationship with The Scion Group to operate off-campus housing properties.
“This strategic relationship with Inland Investments underscores Scion’s commitment to robust growth and consolidation,” said Clayton Merritt, senior vice president of investments at The Scion Group. “This partnership furthers Scion’s success in executing our business plan with leading institutional investors.”…