Inland Raises $126 Million for University of Tennessee, Clemson Student-Housing DSTs
Real estate investment manager Inland Real Estate Investment Corporation has completed more than $125 million in capital raised for two private investment offerings.
The capital includes more than $49 million for the private investment offering of Knoxville Student Housing DST, and a more than $77 million capital raise for the private investment offering of Epoch Student Housing DST – both Inland Private Capital Corporation-sponsored Delaware statutory trusts. The offerings have been fully subscribed by investors and are now closed.
The Knoxville Student Housing DST owns The Knox, a 101-unit, 383-bed student housing complex located at 1511 Clinch Avenue in Knoxville, Tenn., serving students at the University of Tennessee. Situated directly across from a university dorm and a short walk from the Student Union center, the property attracts students transitioning out of freshman housing.
Residents of The Knox have community amenities including an outdoor courtyard, outdoor grills, game lounges, a 24-hour fitness center, a resident clubhouse with a fireplace, private study rooms and a media café computer center.
The Epoch Student Housing DST owns Epoch Clemson Student Living, a 994-bed, 298-unit student housing complex located at 8110 Jacobs Road in Seneca, S.C. Situated on Lake Hartwell, the property was completed in 2020 and is comprised of a unique mix of 119 cottages, garden, townhome, and brownstone-style buildings.
Residents of Epoch Clemson have access to community amenities including boat slips on Lake Hartwell, a hammock farm, sand volleyball and basketball courts, a pool, rooftop terraces, dog park, a yoga room, a fully equipped fitness center, bike storage, and a grab and go cafe.
“The sector’s performance has been stable, and one that is not directly tied to the broader macroeconomic backdrop,” said Nati Kiferbaum, chief strategy officer of Inland Investments. “More specifically, Tier 1 Universities at Power 5 schools like Clemson and University of Tennessee that have had record enrollments are showcasing that there is significant value in education and the experience that comes with it.”
Inland Investments’ current student housing portfolio spans more than $1.4 billion in assets under management. The portfolio is comprised of 15 properties in Alabama (1), Arkansas (1), Arizona (1), California (1), Florida (1), Georgia (1), Indiana (1), Missouri (2), North Carolina (3), South Carolina (2), and Tennessee (1). The portfolio totals 7,656 beds.
Since inception, Inland Real Estate Investment Corporation and its member companies have facilitated more than $55 billion in acquisitions across all asset types, with a more recent focus on student housing, multifamily, self-storage, senior living, and manufactured housing communities. It currently manages a diverse real estate portfolio of approximately $17 billion across 43 states.
Most recently, Inland Real Estate Acquisitions LLC – the purchasing arm for various Inland-sponsored programs including DSTs – negotiated and closed the purchase of Wheaton 121, a 306-unit multifamily property in Wheaton, Ill., a suburb located approximately 25 miles west of Chicago.
In January, Alts Wire reported that Inland Real Estate Investment Corporation had gone public with its new executive structure – unifying leadership and streamlining operations throughout its subsidiaries including Inland Private Capital Corporation, Inland Venture Partners, and Inland Securities Corporation.
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