Kirkland Represents Ares on Acquisition of Four-Community Student Housing Portfolio From SCHENK+
Kirkland & Ellis advised Ares Management in a transaction whereby Ares Real Estate funds, in partnership with The Scion Group, the world’s largest owner of off-campus student housing, have acquired a four-community, 2,316-bed student housing portfolio from SCHENK+. The four-community portfolio serves students at the University of Georgia, the University of Tennessee and Texas State University. The portfolio was acquired for an aggregate purchase price of approximately $435 million.
Read the transaction press release
The Kirkland team included real estate lawyers Michelle Kelban, Kimberly Lucas, Amy Klug, Leena Chopra, Tim Bow, Kirsten Morelli, Jordan Popofsky, Natalia Ortiz, Christina Dolamore and Isabella Durand; transactional liability lawyer Jessica Sicsu; environmental transactions lawyers Sam Dykstra and Caitlin Meagher-Kreisel; and tax lawyers Mike Beinus, Justin Barbosa and Dylan White.
