Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC (“Inland Acquisitions” or “Inland”) announced the purchase of a three-property student housing portfolio with The Scion Group. The portfolio is comprised of more than 1,800 beds across purpose-built student housing communities serving the campuses of Purdue University, Baylor University and the University of Virginia. Mark Cosenza, senior vice president of Inland Acquisitions, with assistance from David Neboyskey, VP and associate counsel of The Inland Real Estate Group, LLC, Law Department, completed the transaction on behalf of an Inland affiliate.

Fuse at Purdue University, West Lafayette, Indiana

Fuse is a five-story, 229-unit, 489-bed property located at 720 Northwestern Avenue, directly across the street from Purdue’s Mackey Arena and Ross-Ade Stadium complete with a clubhouse, game room, yoga and dance studio, terrace and outdoor lounge, fitness center, business center with private study rooms.

View on 10^th at Baylor University, Waco, Texas                                                                                                  

View on 10^th is a 257-unit, 718-bed student housing complex located near Baylor University at 1001 Speight Avenue offering a clubhouse and lounge, 24-hour fitness center, business center with private study rooms, a resort-style pool, grilling stations, a hot tub, and cabana lounge.

The Flats at West Village at University of Virginia, Charlottesville, Virginia                                                     

The Flats at West Village, located at 852 West Main Street, is comprised of 219 units and 622 beds. The eight-story property includes a clubroom with TV lounge and gaming area, fire pits, grill stations, 24-hour fitness center, pool and hot tub, terrace and outdoor lounge, and a business center with private study rooms.

“Student housing properties remain among the most compelling acquisition opportunities,” said Cosenza. “Fueled by consistent demand for respected institutions like Purdue University, Baylor University and University of Virginia, each known for their strong academic programs and vibrant campuses, we believe these assets offer long-term stability and growth potential.”

“This acquisition with Inland is a meaningful step in our long-term growth strategy and the continued expansion of our platform,” said Avi Lewittes, Chief Investment Officer of The Scion Group. “We’re pleased to complete this transaction with Inland and remain focused on delivering a superior residential experience and attractive investment returns for Inland’s constituents.

TSB Capital Advisors consulted for the buyers and TSB Realty represented the sellers in the transaction. Walker & Dunlop led the effort to arrange fixed-rate loans on the portfolio, which were placed with Freddie Mac.

Since inception, Inland Acquisitions has facilitated more than $56 billion of purchases across all asset types, with a significant focus on student housing, multifamily, self-storage, senior living and manufactured housing communities.

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About Inland Real Estate Acquisitions, LLC

Inland Real Estate Acquisitions, LLC assists in identifying potential acquisition opportunities, negotiates acquisition-related contracts and acquires real estate assets for the various entities that are a part of The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and finance groups, which is comprised of independent legal entities, some of which may be affiliates, share some common ownership or have been sponsored and managed by such entities or subsidiaries thereof (collectively, “Inland”). For additional information, please refer to Inland’s website at www.inlandgroup.com.

About The Scion Group

The Scion Group is the leading owner/operator of off-campus student housing communities globally. Scion’s current portfolio consists of nearly 98,000 beds of student accommodations in 149 communities, serving 83 college and university markets across 35 U.S. states. Scion employs more than 1,600 team members and has over $10 billion of assets under management, generating over $1 billion in annual aggregate revenues. Scion also acts as an independent advisor to colleges and universities, foundations, and private-sector providers, with experience in more than 300 campus markets.