Scion, Brookfield JV acquires 247-unit, 741-bed student community, Reflection, in Atlanta for $116M ($469,636/unit | $156,545/bed)

  • 6/18/2024

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A joint venture between The Scion Group and Brookfield Asset Management has acquired Reflection, a 741-bed, 247-unit student housing community in Atlanta, public records show. This marks Scion’s first property serving Georgia State University. As part of the transaction, the duo assumed an $87.3 million loan issued by The Development Authority of Fulton County in 2020, the same records show. Additionally, the owner took out a $65 million note originated by Forethought Life Insurance Co.

The Scion Group
Avi Lewittes | Chief Investment Officer (CIO)
Brookfield Asset Management
Alex Elawadi | Managing Partner, Real Estate

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