Summary:
- Inland Real Estate Acquisitions LLC and The Scion Group acquired Fuse, a 489-bed student housing community near Purdue University’s Mackey Arena and Ross-Ade Stadium in West Lafayette, featuring 229 units and extensive amenities.
- The acquisition was part of a portfolio deal including two additional student housing communities in Waco, Texas, and Charlottesville, Virginia, expanding the buyers’ footprint in key university markets.
- Financing for the portfolio was secured through fixed-rate loans arranged by Walker & Dunlop via Freddie Mac, with Inland affiliates completing the purchase and TSB Capital Advisors and TSB Realty facilitating the transaction.
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