Sawyer on Lincoln
Student housing property in Columbia, South Carolina — sponsored by Inland Private Capital
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These links support the historical public record; individual details may come from different sources.
What is this, in one paragraph?
Sawyer on Lincoln is a 673-bed purpose-built student housing community next to the University of South Carolina in Columbia, owned by a Delaware statutory trust (DST) — a structure that lets 1031 exchangers hold fractional real estate. Inland Private Capital syndicated it after an affiliate bought the property on December 2, 2024.2 Inland announced the offering fully subscribed and closed on August 4, 2025.1
Minimum investment
$25k
Offering size
$128.7M
How much has sold
100.0%
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited 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?
Sawyer on Lincoln was constructed in 2023 as purpose-built student housing rather than a converted apartment block.1 Inland described it as a five-story community adjacent to the University of South Carolina campus when its affiliate, Inland Real Estate Acquisitions, announced the purchase on December 2, 2024.2 Inland also reported the building fully occupied at that date and already leasing for the 2025/2026 school year.2
- Property address
- 919 Catawba Street, Columbia, South Carolina
- Property size
- 274 units; 673 beds
Who is the tenant, and what's the lease?
Student housing has no single tenant: income comes from many individual bed-level leases that turn over each academic year. University Partners was named as the property's manager at acquisition.2 The property's leasing website states it is sold out for Fall 2026, which is a leasing statement rather than a measured occupancy figure.3
How did it end?
Still operating
Inland Private Capital's $128 million Columbia SC Student Housing DST (Sawyer on Lincoln, 274-unit, 673-bed student housing at 919 Catawba St., Columbia, SC, serving the University of South Carolina) closed its equity raise on August 4, 2025 and has announced no disposition, full cycle, or sale [1][2][3].
Inland Real Estate Acquisitions (an Inland Private Capital affiliate) purchased Sawyer on Lincoln on Dec 2, 2024 for approximately $128 million, then syndicated the property under the Columbia SC Student Housing DST for 1031-exchange investors. The offering (~$128.7M) launched in late 2024 and was fully subscribed by August 4, 2025, serving the University of South Carolina. The property is operated by University Partners. The final DST release cites 274 units / 673 beds.
274 units; 673 bedsSupporting evidence
Counted on Inland Private Capital’s Record Card as: No outcome recorded · under 7 years Document
How is it financed, and what does it pay?
Neither the Form D filings nor Inland's public releases state whether this Trust carries mortgage debt or name a lender. Those terms, if any, appear in the private placement memorandum (PPM) — the offering document delivered to prospective investors.
Who's behind it?
Inland Private Capital is the 1031-exchange and private capital arm of the Inland group, a long-established syndicator of DST and other securitized real estate programs. This deal extended its student housing platform; trade press described it as Inland's second student housing acquisition in South Carolina.5 Inland announced on August 4, 2025 that the Trust's offering had been fully subscribed and closed.1
- Sponsor
- Inland Private Capital
- 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 first sale to investors came on November 7, 2024, one day after the initial Form D was filed.4 A single amendment later updated the record to a completed raise. It was offered under Rule 506(b), the private-placement route that bars general advertising and reaches accredited investors through existing relationships.
- First Form D filedThe public offering record begins.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Legal Trust name
- Columbia SC Student Housing DST
- Filings on record
- 2
- How it may be offered
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- 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
What happened to Sawyer on Lincoln?
Sawyer on Lincoln is a Historical offering: its latest SEC filing is outside the Active window. The outcome and source documents are shown separately.
Where does Top1031 get the data for Sawyer on Lincoln?
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.
Can I still invest in this Trust?
No. Inland Private Capital announced on August 4, 2025 that the Columbia SC Student Housing DST offering was fully subscribed and closed, and the Trust filed a Form D amendment that same day. It is now historical — closed to new investors. Interests in a closed DST are not offered by the sponsor, and secondary transfers in DSTs are generally restricted.[1]
What did Inland pay for Sawyer on Lincoln?
Inland Real Estate Acquisitions, an affiliate of Inland Private Capital, purchased the property on December 2, 2024 for approximately $128 million according to trade press covering the acquisition. The property was then syndicated to 1031-exchange investors through the Columbia SC Student Housing DST.[6]
What is a DST, and why do 1031 investors use one?
A Delaware statutory trust holds title to real estate while investors own beneficial interests in the trust. The IRS treats those interests as replacement property for a 1031 exchange, so an investor selling real estate can defer capital gains by identifying a DST within 45 days and closing within 180 days, without having to find and manage a building alone.
Who runs the property day to day?
University Partners was named as property manager when the acquisition was announced on December 2, 2024. In a DST, investors have no management role: the trustee and the sponsor's affiliates handle asset decisions, and a third-party operator handles leasing, turns, and student-resident services.[2]
Does the record show a 721/UPREIT exit?
No. The Trust's record carries no 721/UPREIT conversion feature — the arrangement under which DST investors can contribute the property to a REIT's operating partnership in exchange for partnership units. Nothing in the filings or Inland's releases describes such a plan here.
How much debt does the Trust carry?
Public sources do not say. A Form D reports the size of a securities offering, not a property's mortgage, and the Inland releases reviewed do not disclose loan amount, lender, or terms. That information would appear in the PPM issued to investors during the raise.
Chapter 9Inland Real Estate Investment Corp Raises $128M for Columbia Student Housing DSTTrade-press article confirming Inland raised more than $128 million for the Columbia SC Student Housing DST (Sawyer on Lincoln, 274-unit/673-bed student housing at 919 Catawba St serving the University of South Carolina) and noting it as Inland's second student housing acquisition in South Carolina. Inland Grows Student Housing Platform, Secures $128 Million for South Carolina DSTAnnounces the Columbia SC Student Housing DST has been fully subscribed at $128.7M, owning Sawyer on Lincoln, a 274-unit, 673-bed student housing property. Inland Acquires University of South Carolina-Adjacent Student Housing PropertyReports Inland Real Estate Acquisitions purchased the newly built 673-bed Sawyer on Lincoln for approximately $128M near the University of South Carolina.