Fuse; View on 10th; The Flats at West Village
Student housing (purpose-built, Scion-operated) property in Multi-state (3) — sponsored by Inland Private Capital
Files with the SEC as Inland Student Housing Portfolio DST
Minimum investment
$25k
Offering size
$170.8M
How much has sold
None sold yet
Asset type
Student housing (purpose-built, Scion-operated) property
Location
Multi-state (3)
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Inland Student Housing Portfolio DST is a Delaware statutory trust — the structure that lets 1031 exchange investors hold fractional real estate — raising equity tied to three purpose-built student-housing communities serving Purdue, Baylor and the University of Virginia. Inland Real Estate Acquisitions announced the portfolio purchase, made with The Scion Group, on December 22, 2025.1 The Trust's own Form D names no property.2
$327M 3-property Scion portfolio acq Dec 2025 (489+718+622 beds); trust match inferred from name/timing, implies ~48% LTV vs $170.8M equity
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These links support the public record as a whole; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
Inland Real Estate Acquisitions announced on December 22, 2025 that it had purchased a three-property student-housing portfolio with The Scion Group: Fuse at Purdue, View on 10th at Baylor, and The Flats at West Village at the University of Virginia.1 Independent reporting put the price at $327 million.3 The Form D names no property, so the link between this offering and those buildings rests on sponsor and distributor materials rather than the filing.2
- Property address
- 720 Northwestern Ave (Fuse, Purdue), West Lafayette, IN
- Property size
- 705 units / 1,829 beds
Who is the tenant, and what's the lease?
There is no single corporate tenant here — student-housing income is rebuilt bed by bed each academic year. A distributor summary of sponsor materials describes the properties operating under a master-lease structure with an Inland-affiliated master tenant, with The Scion Group LLC handling day-to-day operations.4
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
Raise history appears here once sales are filed — free account required.
How is it financed, and what does it pay?
Leveraged means mortgage debt sits ahead of investor equity: lenders are paid out of property cash flow first. Walker & Dunlop arranged fixed-rate loans on the portfolio and placed them with Freddie Mac.1
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Who's behind it?
Inland Private Capital is the private-placement arm of the Inland Real Estate Group, a long-running sponsor of 1031 exchange programs. On October 6, 2025 Inland Investments and The Scion Group announced a strategic relationship under which Scion operates off-campus purpose-built student housing owned by Inland affiliates.5 Inland Investments appointed Andrew Barnum, formerly of iCapital, managing director of product strategy on July 20, 2026.6 Thad Ingersoll became head of compliance on August 25, 2026.7
- Sponsor
- Inland Private Capital
- Legal Trust name
- Inland Student Housing Portfolio DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 8 active / 79 total offerings from Inland Private Capital
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The notice reports a first sale on February 20, 2026, weeks before it was filed, and describes equity interests in an offering the issuer does not intend to last more than one year.2 Interests are sold privately, without general advertising, to accredited investors — people meeting SEC income or net-worth tests.
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
Is Fuse; View on 10th; The Flats at West Village still raising money?
Top1031 lists Fuse; View on 10th; The Flats at West Village as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
Where does Top1031 get the data for Fuse; View on 10th; The Flats at West Village?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
What does this Trust actually own?
The SEC Form D filed March 9, 2026 names no property. Public sources — including Inland's December 22, 2025 acquisition release and distributor summaries of the sponsor's offering materials — associate the Trust with three Scion-operated communities: Fuse at 720 Northwestern Avenue, West Lafayette, Indiana (229 units, 489 beds, serving Purdue); View on 10th at 1001 Speight Avenue, Waco, Texas (257 units, 718 beds, serving Baylor); and The Flats at West Village at 852 West Main Street, Charlottesville, Virginia (219 units, 622 beds, serving the University of Virginia). No retrieved public record establishes legal title in the Trust or in any subtrust, so the private placement memorandum — the offering's full disclosure document — controls.
What did the portfolio cost, and when did it close?
Inland Real Estate Acquisitions announced the purchase, made with The Scion Group, on December 22, 2025. AltsWire reported the same day that the three-property portfolio traded for a total of $327 million, with roughly $107 million attributed to the Charlottesville property. Distributor materials summarizing the sponsor's offering documents have described a different acquisition date and a different aggregate price; those figures were not confirmed against a primary record in research through September 4, 2026. The PPM and the closing documents govern.
Who is the tenant, and is the rent guaranteed?
Student housing has no anchor tenant paying one rent; income is assembled from academic-year leases signed bed by bed. Baker 1031, summarizing sponsor materials, reports that The Scion Group LLC handles day-to-day operations under a master-lease structure involving an Inland-affiliated master tenant; the Form D does not confirm those terms. One institutional lease is visible in the public record: a Purdue University Board of Trustees item shows the university leasing 55 apartments and 173 beds at Fuse for a term running through July 31, 2026 — part of one building, not a portfolio-wide credit tenant. No verified current occupancy or pre-leasing figure for the three properties was located as of September 4, 2026.
How is the debt structured?
Inland's December 22, 2025 release states that Walker & Dunlop arranged fixed-rate loans on the portfolio and placed them with Freddie Mac, which REBusinessOnline also reported on January 16, 2026. Baker 1031, in a July 13, 2026 listing, reports total offering capitalization of $320,505,544, equity of $170,770,544, approximately $149,735,000 of fixed-rate interest-only Freddie Mac financing and a 46.72% in-place loan-to-value ratio; those are distributor-reported figures not confirmed in the Form D. Separately, REBusinessOnline reported on July 31, 2026 that Walker & Dunlop arranged a $555.6 million Fannie Mae credit-facility refinancing for a 14-property Scion portfolio that includes FUSE, a 489-bed West Lafayette community; that report does not name this Trust, and its relationship to these mortgages is not established in the public record.
Who can invest, and what is the minimum?
The offering is made under Rule 506(b), a private-placement exemption that bars general advertising and limits sales to accredited investors reached through pre-existing relationships. The Form D filed March 9, 2026 reports a $25,000 minimum investment. Sponsors and broker-dealers sometimes apply different minimums to all-cash investors than to 1031 exchange investors, so the PPM and subscription agreement govern which minimum applies to a given subscription.
Does this Trust plan a 721/UPREIT exit?
Nothing in the record here indicates one. A 721 or UPREIT exit is a structure in which the trust's property is contributed to a REIT's operating partnership in exchange for partnership units instead of being sold for cash. Neither the Form D nor the sponsor's acquisition materials describe such a feature for this Trust. Exit mechanics are set out in the PPM and the trust agreement.
Chapter 9Walker & Dunlop Arranges $555.6M Refinancing for 14-Property Student Housing PortfolioREBusinessOnline reports Walker & Dunlop arranged a $555.6 million Fannie Mae credit-facility refinancing for Scion's 14-property student-housing portfolio, identifying FUSE—a 489-bed West Lafayette community—as part of the portfolio. Inland and Scion Acquire 489-Bed Student Housing Community at Purdue UniversityInland Real Estate Acquisitions LLC and The Scion Group acquired Fuse, a 489-bed, 229-unit student housing community near Purdue's Mackey Arena and Ross-Ade Stadium in West Lafayette, IN, as part of a three-property portfolio deal with financing arranged by Walker & Dunlop through Freddie Mac. Inland Real Estate Acquisitions, LLC Purchases University Student HousingPress release announcing the $327M acquisition of a three-property Scion-operated student housing portfolio totaling more than 1,800 beds serving Purdue, Baylor, and UVA campuses, the underlying property acquisition relevant to the DST.