Scion Group, PGIM Land $83M Refi for Student Community

A joint venture of The Scion Group and PGIM Real Estate has refinanced VERVE, a 181-unit, 696-bed luxury student community in New Brunswick, N.J. A QuadReal Property Group affiliate provided the fixed-rate, $83.4 million loan, according to Yardi Matrix information, while TSB Capital Advisors brokered the deal.

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