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Brookfield, Scion refinance 25,000 student housing beds for $1.4 billion

Deal lands as per-bed rents slip, lenders narrow focus to flagship campuses
The 1,925-bed Northpoint Crossing is on University Drive, across from the Texas A&M campus in College Station. (CoStar)
The 1,925-bed Northpoint Crossing is on University Drive, across from the Texas A&M campus in College Station. (CoStar)
CoStar News
September 28, 2026 | 5:53 P.M.

Brookfield Asset Management and Scion Group are refinancing nearly 25,000 student housing beds with a $1.4 billion loan, a bet that proximity to big state campuses still outweighs the rent softness spreading across the sector.

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