Inland Completes $128 Million Capital Raise for South Carolina Student Housing DST
Real estate investment manager Inland Real Estate Investment Corporation, or Inland Investments, has successfully closed its private investment offering, the Columbia SC Student Housing DST, having raised over $128 million. The Delaware statutory trust offering is now fully subscribed, adding an asset to the company’s growing student housing portfolio.
The capital will support the ownership of Sawyer on Lincoln, a modern 274-unit, 673-bed student housing property located near the University of South Carolina. The property – at 919 Catawba Street in Columbia, S.C. – is situated directly across from the university’s Greek Village, offering students a prime pedestrian-friendly location with easy access to both campus landmarks and a vibrant downtown area.
Inland Real Estate Acquisitions LLC negotiated and closed on the student housing purchase in December of last year.
“The Sawyer on Lincoln is ideally positioned to attract and meet the ongoing demand from students transitioning out of freshman housing,” said Nati Kiferbaum, chief strategy officer of Inland Investments. “The student housing sector overall has demonstrated immense stability against the greater macroeconomic backdrop, and the record enrollments at [Southeastern Conference] Power 5 Schools, such as the University of South Carolina, are showcasing the significant value in education and the experience that comes with it.”
Constructed in 2023, Sawyer on Lincoln provides residents with amenities including an outdoor courtyard and lounge with games, a swimming pool with in-pool lounge seating and a hot tub, a 24-hour fitness center, private and group study rooms, gated residential parking, and pet friendly amenities. Units also feature stainless steel appliances, memory foam mattresses, a full-size washer and dryer, valet trash service, walk-in closets and bedroom door locks.
With this acquisition, Inland Investments’ student housing portfolio now totals over $1.4 billion in assets under management. The portfolio consists of 15 properties across 12 campuses, with a combined total of 7,656 beds. Sawyer on Lincoln is the company’s second student housing asset in South Carolina, following the acquisition of a 994-bed property serving Clemson University earlier this year.
Headquartered in Oak Brook, Ill., Inland Real Estate Investment Corporation, i.e., Inland Investments, is a real estate investment manager and a member company of The Inland Real Estate Group of Companies Inc., one of the nation’s largest commercial real estate and finance groups. Inland Investments specializes in offering public and private tax-advantaged, growth and income real estate solutions spanning virtually every sector of the commercial real estate market. Since inception, Inland has engaged in real estate, including property management, leasing, marketing, acquisition, real estate brokerage, development, redevelopment, construction, real estate financing and other related services. Inland member companies have facilitated more than $55 billion in acquisitions since inception and currently manage a diverse real estate portfolio of approximately $16 billion across 42 states.
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