A 714-unit apartment community in Bloomington, Ind., recently sold to a joint venture for more than $55 million.

Chicago-based Scion Group and ASB Capital Management purchased the student housing community from an unidentified seller.

The community consists of 45 residential buildings plus maintenance buildings and the formal clubhouse. Also included are an indoor swimming pool, fitness facility, aerobic dance studio, racquetball, an 8.6-acre park within 10.5 acres of nature conservancy, and a working greenhouse to assist in the on-site landscaping.

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