Sawyer on Lincoln
Student housing property in Columbia, South Carolina · sponsored by Inland Private Capital
Sawyer on Lincoln was a DST sponsored by Inland Private Capital that owned a student housing property in Columbia, South Carolina (274 units). Its last Form D, filed Aug 4, 2025, reports the offering fully sold.
How it ended
No outcome recorded · under 7 years
The last Form D, filed Aug 4, 2025, reports the offering fully sold.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $128,749,552Equity offered, per the Form D
- Sold
- 100%Form D, Aug 4, 2025; the % is our arithmetic
- Investors reported
- Form D, Aug 4, 2025281
- Selling commissions
- Form D Item 15; the % is our arithmetic$6,437,478 · 5.0% of offering
- Financing
- All cash. This offering reports no mortgage debt.How it is financed ↓
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
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Ask a 1031 specialist about this recordFree. About: Sawyer on Lincoln. Top1031 is not a broker-dealer.What did Sawyer on Lincoln own?
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
How was it financed, and what did it cost to sell?
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 offering documents.
Debt
- Financing
- All cash. This offering reports no mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $6,437,478 · 5.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $8,091,224 · 6.2% of offeringForm D Item 16· The filing’s note: “Estimate of certain fees, including Dealer Fee, Placement Agent Fee, O&O Expenses, Acquisition Fee and reimbursement of costs related to the acquisition of the property that may accrue to one or more related persons.”
- Broker-dealers named in the Form D
- 35 named in the Form D
Show the firms
- Alexander Capital, L.P. · CRD 40077
- Arkadios Capital · CRD 282710
- Ausdal Financial Partners, Inc. · CRD 7995
- Avantax Investment Services, Inc. · CRD 13686
- Berthel, Fisher & Company Financial Services, Inc. · CRD 13609
- Calton & Associates, Inc. · CRD 20999
- Cambridge Investment Research, Inc. · CRD 39543
- Centaurus Financial, Inc. · CRD 30833
- Cetera Investment Services LLC · CRD 15340
- Chauner Securities, Inc. · CRD 10075
- Concorde Investment Services, LLC · CRD 151604
- D.A. Davidson & Co. · CRD 199
- DAI Securities, LLC · CRD 36673
- DFPG Investments, LLC · CRD 155576
- Emerson Equity LLC · CRD 130032
- Geneos Wealth Management, Inc. · CRD 120894
- Great Point Capital LLC · CRD 114203
- Hilltop Securities Inc. · CRD 6220
- Huntwicke Securities, LLC · CRD 146993
- Inland Securities Corporation · CRD 15807
- LPL Financial LLC · CRD 6413
- Lightpath Capital, Inc. · CRD 34617
- M.S. Howells & Co. · CRD 104100
- Muriel Siebert & Co., LLC · CRD 5376
- Nationwide Planning Associates Inc. · CRD 31029
- Osaic Wealth, Inc. · CRD 23131
- Park Avenue Securities LLC · CRD 46173
- Peak Brokerage Services, LLC · CRD 157045
- RCX Capital Group, LLC · CRD 114290
- Realized Financial, Inc. · CRD 22333
- Realta Equities, Inc. · CRD 23769
- Sage, Rutty & Co., Inc. · CRD 3254
- Saxony Securities, Inc. · CRD 115547
- Stifel Nicolaus & Company, Incorporated · CRD 793
- World Equity Group, Inc. · CRD 29087
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Nov 7, 2024
- Minimum investment
- $25,000
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.
Who's behind Sawyer on Lincoln?
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
- Offerings on record
What does the SEC record show?
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.
- Legal Trust name
- Columbia SC Student Housing DST
- SEC CIK
- 2043124
- First Form D
- Nov 6, 2024
- Latest Form D
- Aug 4, 2025
- Filings on record
- 2
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $128,749,552 | $128,749,552+$128,749,552 | 281 | EDGAR | |
| Form D | $128,749,552 | $0 | EDGAR |
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
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.
Common questions
- What happened to Sawyer on Lincoln?
- Sawyer on Lincoln is a Historical offering. The last Form D, filed Aug 4, 2025, reports the offering fully sold.
- 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.
- 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.
- 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 offering documents issued to investors during the raise.
In the news
Sources
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These links support the record as a whole; individual details may come from different sources.
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 offering documents before investing.