A U.S. student housing portfolio assembled by Harrison Street Asset Management was sold to affiliates of The Scion Group and a global institutional investment manager for $910 million.

The assets serve 12 universities, including Arizona State University, Auburn University and the University of Florida, and the sale was the largest student housing portfolio transaction completed in 2026.

The 12-property portfolio totals 7,578 beds across 10 states.

Harrison Street built the collection over the past decade through five fund vehicles, combining acquisition and development activity in university-driven housing markets.

Harrison Street Asset Management manages $109 billion across real estate, infrastructure and credit strategies, with headquarters in Chicago, Toronto and London and more than 600 employees globally.

Its alternative real assets platform has invested more than $24 billion across 431 student housing properties totaling more than 237,000 beds in North America and Europe.

The sale continues a series of large student housing transactions between Harrison Street and The Scion Group since 2017, including a nearly $900 million portfolio sale completed in November 2024.

Harrison Street has sold 252 student housing properties since inception for a gross cost of about $11 billion.